Guideline Value for INDIRA GANTHI NAGAR (N)

Indira Ganthi Nagar (N) guideline value

The current guideline value of Indira Ganthi Nagar (N) is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Panangottur village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - III.

How the guideline value of Indira Ganthi Nagar (N) has changed

The guideline value for Indira Ganthi Nagar (N) has undergone several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in 2017. The 2023 revision saw an increase to Rs 600 per sq.ft, and the latest revision in 2024 has set the value at Rs 660 per sq.ft, reflecting a 10% increase from the previous year.

In terms of percentage changes, the value increased by 49% from 2017 to 2023. However, from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 990 per sq.ft, positioning Indira Ganthi Nagar (N) below this median value.

• India Piston (Pa): Rs 550 per sq.ft (2024)
• Indhu Garden (Sa): Rs 440 per sq.ft (2024)
• Imayavaramban Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Ilawalahar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Ilavazhaganar Street (Ward -7): Rs 1,760 per sq.ft (2024)
• Ilanthiraian Street (Ward -6): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Indira Ganthi Nagar (N)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, making the total charges together Rs 59,400. 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 Ganthi Nagar (N)?

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

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

The guideline value is a crucial factor during property transactions in Panangottur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs in the registration process.

Frequently asked questions

What is the current guideline value of Indira Ganthi Nagar (N)?

The current guideline value of Indira Ganthi Nagar (N) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification of Indira Ganthi Nagar (N)?

Indira Ganthi Nagar (N) is classified as Residential Class I Type - III.

Where can I find the Sub Registrar Office for Indira Ganthi Nagar (N)?

The Chengleput Joint II Sub Registrar Office covers Indira Ganthi Nagar (N) and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Indira Ganthi Nagar (N)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 at a rate of 7%.