Guideline Value for INDIRA NAGAR -I TO VI

Indira Nagar -I To VI guideline value

The current guideline value for Indira Nagar -I To VI is Rs 100 per sq.ft. This area falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class I Type - II.

How the guideline value of Indira Nagar -I To VI has changed

In the 2012 revision, the guideline value was set at Rs 100 per sq.ft. This figure remained unchanged in the subsequent 2017 revision, where the value was reduced to Rs 67 per sq.ft, marking a decrease of 33%. However, in the 2023 revision, the guideline value increased to Rs 100 per sq.ft, reflecting a significant rise of 49% from the 2017 figure.

Overall, from the 2012 to 2023 period, the guideline value has not changed, remaining at Rs 100 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Maharal

Currently, there are no specific village figures available for Maharal. Indira Nagar -I To VI is one of the streets within this locality.

Stamp duty and registration fee for property in Indira Nagar -I To VI

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total charges to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Indira Nagar -I To VI?

The Sub Registrar Office that covers Indira Nagar -I To VI 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, visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring compliance with local regulations.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Indira Nagar -I To VI?

The current guideline value of Indira Nagar -I To VI is Rs 100 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has seen several changes: it was Rs 100 per sq.ft in 2012, reduced to Rs 67 per sq.ft in 2017, and then increased back to Rs 100 per sq.ft in 2023.

What is the land classification for Indira Nagar -I To VI?

The land classification for Indira Nagar -I To VI is Residential Class I Type - II, indicating its designation for residential use.

Where is the Sub Registrar Office for Indira Nagar -I To VI 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 the stamp duty calculated for properties in Indira Nagar -I To VI?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 at 7%, along with a registration fee of Rs 2,000 at 2%, totaling Rs 9,000.