Guideline Value for INDIRA GANDHI STREET

Indira Gandhi Street guideline value

The current guideline value of Indira Gandhi Street in Thandurai village is Rs 1,300 per sq.ft, effective from 1 July 2024. This street falls under the Avadi Sub Registrar Office (SRO) and is classified as Residential Special Type - III.

How the guideline value of Indira Gandhi Street has changed

The guideline value for Indira Gandhi Street has undergone several revisions over the years. In 2002, the value was Rs 140 per sq.ft, which increased to Rs 161 per sq.ft in 2003, marking a 15% rise. The value saw a significant jump to Rs 478 per sq.ft in 2007, representing a 197% increase. By 2012, the guideline value was Rs 1,200 per sq.ft, reflecting a 151% increase from the previous revision. However, it dropped to Rs 804 per sq.ft in 2017, showing a decrease of 33%. The value then rose to Rs 1,200 per sq.ft in 2023, which was a 49% increase, and finally reached Rs 1,300 per sq.ft in 2024, an 8% increase.

There are no figures available for the revisions in years other than those specified. The overall change from 2002 to 2024 shows an increase of 829% in the guideline value.

Guideline values in Thandurai

In Thandurai village, there are 331 streets under the Avadi SRO that have a guideline value for 2024, ranging from Rs 800 to Rs 2,640 per sq.ft. The median value for these streets is Rs 988 per sq.ft, placing Indira Gandhi Street's 2024 figure above that median.

• Indira Gandhi Street (Gandhi Nagar): Rs 1,300 per sq.ft (2024)
• Indira Gandhi Salai (Chozhan Nagar): Rs 1,300 per sq.ft (2024)
• I.A.F.Road Kakkanji Nagar: Rs 800 per sq.ft (2024)
• Iyappan Street: Rs 988 per sq.ft (2024)
• HINDU COLLEGE to AMBEDKAR SILAI: Rs 1,980 per sq.ft (2024)
• Gopalapuram West: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Indira Gandhi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Indira Gandhi Street?

The Indira Gandhi Street is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thandurai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is considered alongside the sale price, and the higher of the two amounts is used to calculate the applicable duties and fees. This ensures that both the government and the parties involved in the transaction are adhering to the established valuation standards.

Frequently asked questions

What is the current guideline value of Indira Gandhi Street?

The current guideline value of Indira Gandhi Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 140 per sq.ft in 2002 to Rs 1,300 per sq.ft in 2024, showing an overall increase of 829% over this period.

What is the land classification of Indira Gandhi Street?

Indira Gandhi Street is classified as Residential Special Type - III.

What are the stamp duty and registration fees for a property on this street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Which office handles the registration for Indira Gandhi Street?

The Avadi Sub Registrar Office handles the registration for Indira Gandhi Street, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.