Guideline Value for INDIA PISTON (PA)

India Piston (Pa) guideline value

The current guideline value for India Piston (Pa) is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Ninna Karai village, under the Chengleput Joint II SRO, classified as Residential Class II Type - I.

How the guideline value of India Piston (Pa) has changed

The guideline value for India Piston (Pa) has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which was followed by a decrease to Rs 335 per sq.ft in 2017. The value then increased significantly to Rs 500 per sq.ft in 2023, and most recently, it has risen to Rs 550 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. Overall, the guideline value has increased by 10% from 2012 to 2024. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft as per the 2024 revision. The median guideline value for these streets is Rs 1,100 per sq.ft, placing the current value for India Piston (Pa) below this median.

• Indhu Garden (Sa): Rs 440 per sq.ft (2024)
• Indira Ganthi Nagar (N): Rs 660 per sq.ft (2024)
• Imayavaramban Street (Ward -4): Rs 1,321 per sq.ft (2024)
• Ilawalahar Street (Ward -7): Rs 1,321 per sq.ft (2024)
• Ilavazhaganar Street (Ward -7): Rs 1,760 per sq.ft (2024)
• Ilanthiraian Street (Ward -6): Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in India Piston (Pa)

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000. Together, these fees total Rs 49,500. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers India Piston (Pa)?

The Sub Registrar Office that covers India Piston (Pa) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Ninna Karai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the officially recognized value of the property.

When a property is sold, the buyer is required to pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for India Piston (Pa)?

The current guideline value for India Piston (Pa) is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the median guideline value in Ninna Karai?

The median guideline value for streets in Ninna Karai is Rs 1,100 per sq.ft according to the 2024 revision.

What are the stamp duty rates in India Piston (Pa)?

The stamp duty rate in India Piston (Pa) is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for India Piston (Pa)?

The Sub Registrar Office for India Piston (Pa) is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.