Guideline Value for INDIRA NAGAR BHARTHI STREET

Indira Nagar Bharthi Street guideline value

The current guideline value of Indira Nagar Bharthi Street is Rs 1,940 per sq.ft, effective from 1 July 2024. This street is located in Thirusulam village under the Pallavaram SRO, classified as Residential Class II Type - I.

How the guideline value of Indira Nagar Bharthi Street has changed

The guideline value for Indira Nagar Bharthi Street has undergone 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, marking a decrease of 33%. However, the value significantly increased to Rs 1,800 per sq.ft in the 2023 revision, followed by a further rise to Rs 1,940 per sq.ft in the 2024 revision, representing an 8% increase.

From the 2017 revision to the 2023 revision, there was a substantial increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 8%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirusulam

In Thirusulam, there are 74 streets under the Pallavaram SRO with a guideline value for 2024 ranging from Rs 1,080 to Rs 2,750 per sq.ft. The median guideline value is Rs 1,940 per sq.ft, which is the same as the current value for Indira Nagar Bharthi Street.

• Indira Nagar Annai Indira Gandhi 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 Highway 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 Bharthi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,940 per sq.ft, the total guideline value amounts to Rs 19,40,000. The stamp duty at 7% would be Rs 1,35,800, and the registration fee at 2% would be Rs 38,800, bringing the total cost for stamp duty and registration fees to Rs 1,74,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Indira Nagar Bharthi Street?

The Sub Registrar Office that covers Indira Nagar Bharthi Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thirusulam. 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 compared to the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value for Indira Nagar Bharthi Street?

The current guideline value for Indira Nagar Bharthi 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 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 Indira Nagar Bharthi Street?

Indira Nagar Bharthi Street is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Indira Nagar Bharthi Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Thirusulam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate for stamp duty is 7%, while the registration fee is 2% of the guideline value.