Guideline Value for INDIRA GANTHI NAGAR (N)

Indira Ganthi Nagar (N) guideline value

The current guideline value of Indira Ganthi Nagar (N) is Rs 661 per sq.ft, effective from 1 July 2024. This area is located in Peramanoor 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 seen several revisions over the years. In 2012, the guideline value was Rs 600 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 402 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 600 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 661 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peramanoor

In Peramanoor village, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing the guideline value of Indira Ganthi Nagar (N) below this median.

• India Piston (Pa): Rs 660 per sq.ft (2024)
• Indhu Garden (Sa): Rs 550 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 661 per sq.ft, the total guideline value amounts to Rs 6,61,000. The stamp duty at 7% would be Rs 46,270, while the registration fee at 2% would be Rs 13,220, bringing the total cost for these fees to Rs 59,490. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

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 Peramanoor

The guideline value is a crucial factor when buying or selling property in Peramanoor. It serves as a benchmark for determining the minimum value of a property for registration purposes. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction process.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that all transactions are transparent and adhere to the established legal framework.

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 661 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 increased to Rs 600 per sq.ft in 2023, and finally to Rs 661 per sq.ft in 2024.

What is the land classification for 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 property in Indira Ganthi Nagar (N)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 46,270.