Guideline Value for INDIRA NAGAR ANNAI INDIRA GANDHI STREET

Indira Nagar Annai Indira Gandhi Street guideline value

The current guideline value of Indira Nagar Annai Indira Gandhi Street is Rs 1,940 per sq.ft. This street is located in Thirusulam village, under the Pallavaram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Indira Nagar Annai Indira Gandhi Street has changed

The guideline value for Indira Nagar Annai Indira Gandhi Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which was then reduced to Rs 1,206 per sq.ft in the 2017 revision. However, the 2023 revision increased the value to Rs 1,800 per sq.ft, followed by the latest 2024 revision, which is now Rs 1,940 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%. The value then increased by 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects an increase of 8%. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Thirusulam

In Thirusulam, there are 74 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,080 to Rs 2,750 per sq.ft. The median for these streets is Rs 1,940 per sq.ft, which is equal to the current guideline value of Indira Nagar Annai Indira Gandhi Street.

• Indira Nagar Bharthi Street: Rs 1,940 per sq.ft (2024)
• Indira Nagar: Rs 1,940 per sq.ft (2024)
• Indira Nagar M.G.R Street: Rs 1,940 per sq.ft (2024)
• Harbour Main Road: Rs 1,940 per sq.ft (2024)
• Govt Group House Hghway Salai 1,2,3: Rs 1,940 per sq.ft (2024)
• Govt Group House 1 To 4 Streets: Rs 1,940 per sq.ft (2024)

Stamp duty and registration fee for property in Indira Nagar Annai Indira Gandhi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,940 per sq.ft, the total guideline value would be Rs 19,40,000. The stamp duty at 7% would amount to Rs 1,35,800, and the registration fee at 2% would be Rs 38,800, bringing the total to Rs 1,74,600. Please note that the 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 Nagar Annai Indira Gandhi Street?

The Sub Registrar Office that covers Indira Nagar Annai Indira Gandhi Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Thirusulam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When you register a property, the guideline value is used to calculate the applicable charges. It is essential to be aware of the current guideline value to ensure compliance with the registration requirements and to accurately estimate the costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Indira Nagar Annai Indira Gandhi Street?

The current guideline value of Indira Nagar Annai Indira Gandhi Street is Rs 1,940 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,940 per sq.ft in 2024.

What is the land classification for this street?

The land classification for Indira Nagar Annai Indira Gandhi Street is Residential Class II Type - I.

Where can I find the registration office for this area?

The registration office for Indira Nagar Annai Indira Gandhi Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is the stamp duty calculated for properties in Thirusulam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 19,40,000, the stamp duty would be Rs 1,35,800 at 7%.