Guideline Value for INDIRA GANDHI NAGAR

Indira Gandhi Nagar guideline value

The current guideline value of Indira Gandhi Nagar is Rs 300 per sq.ft, as per the 2023 revision. This area falls under Thozhuvur village and is classified as Residential Class III Type - II. The property is registered at the Tiruvallur Joint 1 SRO.

How the guideline value of Indira Gandhi Nagar has changed

The guideline value for Indira Gandhi Nagar has seen several revisions over the years. In the 2012 revision, the guideline value was Rs 300 per sq.ft. However, in the 2017 revision, it decreased to Rs 201 per sq.ft, marking a decline of 33%. The most recent revision in 2023 saw the guideline value rise to Rs 300 per sq.ft, reflecting an increase of 49% from the previous figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained unchanged at Rs 300 per sq.ft. The register does not provide figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Thozhuvur

Currently, there are no specific village figures available for Thozhuvur. Indira Gandhi Nagar is one of the streets under the Tiruvallur Joint 1 SRO.

Stamp duty and registration fee for property in Indira Gandhi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value would be Rs 3,00,000. The stamp duty charged at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that 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 Gandhi Nagar?

The Sub Registrar Office that covers Indira Gandhi Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor when registering property transactions in Thozhuvur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that both buyers and sellers adhere to the legal requirements during the transaction process.

When a property is sold, the guideline value is used to determine the applicable taxes, which are charged based on the higher of the guideline value or the sale price. This ensures that the registration process is transparent and consistent.

Frequently asked questions

What is the current guideline value of Indira Gandhi Nagar?

The current guideline value of Indira Gandhi Nagar is Rs 300 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, and then back to Rs 300 per sq.ft in 2023. This reflects a 49% increase from the 2017 revision.

What is the land classification for Indira Gandhi Nagar?

Indira Gandhi Nagar is classified as Residential Class III Type - II. This classification is important for determining the appropriate uses for the land.

Where is the Tiruvallur Joint 1 SRO located?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

How is stamp duty calculated in Indira Gandhi Nagar?

Stamp duty in Indira Gandhi Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would amount to Rs 21,000.