Guideline Value for INDHUJA NAGAR

Indhuja Nagar guideline value

The current guideline value of Indhuja Nagar, located in Naalur village under the Ponneri SRO, is Rs 500 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Indhuja Nagar has changed

Over the years, the guideline value for Indhuja Nagar has seen several revisions. The earliest recorded figure is from 2012, where the guideline value was Rs 400 per sq.ft. This increased to Rs 335 per sq.ft in 2017, then rose to Rs 500 per sq.ft in both 2023 and the latest revision in 2024, showing a significant increase of 49% from 2017 to 2023. The guideline value has remained unchanged from 2023 to 2024, indicating a stable valuation.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 25%.

Guideline values in Naalur

In Naalur, there are 23 streets under the Ponneri SRO that carry a guideline value for 2024, ranging from Rs 400 to Rs 600 per sq.ft, with a median of Rs 400 per sq.ft. Indhuja Nagar's 2024 figure of Rs 500 per sq.ft is above this median.

• Green Peace: Rs 400 per sq.ft (2024)
• Jain Nagar: Rs 500 per sq.ft (2024)
• Kesavapuram: Rs 400 per sq.ft (2024)
• Bharathi Nagar: Rs 400 per sq.ft (2024)
• M G M Anandha Nagar: Rs 400 per sq.ft (2024)
• Minjur Modern City: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Indhuja Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value is Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, while the registration fee at 2% would be Rs 10,000. Therefore, the total cost for stamp duty and registration fees would be Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Indhuja Nagar?

The Sub Registrar Office that covers Indhuja Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Naalur

The guideline value is a crucial factor when buying or selling property in Naalur. It serves as a reference point for determining the stamp duty and registration fees required during the transaction process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the applicable fees. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Indhuja Nagar?

The current guideline value for Indhuja Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in both 2023 and 2024.

What is the land classification of Indhuja Nagar?

Indhuja Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in Indhuja Nagar?

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000, and the registration fee would be Rs 10,000, totaling Rs 45,000.

Where is the Sub Registrar Office for Indhuja Nagar located?

The Sub Registrar Office for Indhuja Nagar is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.