Guideline Value for INDIRA ENCLAVE

Indira Enclave guideline value

The current guideline value for Indira Enclave, located in Okkiyamthuraipakkam village under the Neelankarai SRO, is Rs 3,900 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - II land classification.

How the guideline value of Indira Enclave has changed

The guideline value for Indira Enclave has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 3,500 per sq.ft. This was followed by a decrease to Rs 2,345 per sq.ft in 2017. In 2023, the value rose to Rs 3,500 per sq.ft, and the most recent revision in 2024 set the value at Rs 3,900 per sq.ft, marking an increase of 11% from the previous year.

From 2017 to 2023, there was a significant increase of 49%. When comparing the overall change from 2012 to 2024, the guideline value has increased by 11%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, making the current value for Indira Enclave above the median.

• INDIRA ENCALVE 8th STREET: Rs 3,900 per sq.ft (2024)
• INDIRA ENCLAVE 4th STREET: Rs 3,900 per sq.ft (2024)
• INDIRA ENCALVE 7th STREET: Rs 3,900 per sq.ft (2024)
• INDIRA ENCALVE 6th STREET: Rs 3,900 per sq.ft (2024)
• INDIRA ENCALVE 5th STREET: Rs 3,900 per sq.ft (2024)
• INDIRA ENCALVE 3rd STREET: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Indira Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total to Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Indira Enclave?

The Sub Registrar Office covering Indira Enclave is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Okkiyamthuraipakkam. It is used to determine the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value ensures that the government receives the appropriate revenue from the transaction. Buyers and sellers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Indira Enclave?

The current guideline value of Indira Enclave is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2023 to Rs 3,900 per sq.ft in 2024. It was Rs 2,345 per sq.ft in 2017 and Rs 3,500 per sq.ft in 2012.

What are the stamp duty and registration fees for Indira Enclave?

For a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

Which office handles registrations for Indira Enclave?

The Neelankarai Sub Registrar Office handles registrations for Indira Enclave, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the median guideline value in Okkiyamthuraipakkam?

The median guideline value in Okkiyamthuraipakkam is Rs 3,300 per sq.ft, with Indira Enclave's value being above this median at Rs 3,900 per sq.ft.