Guideline Value for INDIRA NAGAR EXTENTSION

Indira Nagar Extentsion guideline value

The current guideline value of Indira Nagar Extentsion is Rs 3,700 per sq.ft, effective from 1 July 2024. This area is located in Vengaivasal village and falls under the Selaiyur SRO. The land classification for this street is Commercial Class I Type - I.

How the guideline value of Indira Nagar Extentsion has changed

The guideline value for Indira Nagar Extentsion has seen significant changes over the years. The 2017 revision set the value at Rs 2,345 per sq.ft, which increased to Rs 3,500 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 2024 revision further increased the value to Rs 3,700 per sq.ft, reflecting a 6% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 58%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vengaivasal

In Vengaivasal, there are 117 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft. The median guideline value for the village is Rs 2,700 per sq.ft, placing Indira Nagar Extentsion's value above this median.

• Indira Nagar: Rs 2,700 per sq.ft (2024)
• Ishwaryam Garden: Rs 2,700 per sq.ft (2024)
• G.V.Nagar: Rs 2,400 per sq.ft (2024)
• Jayalakshmi Nagar: Rs 2,700 per sq.ft (2024)
• J C V Avenue: Rs 2,700 per sq.ft (2024)
• Gothandaraman Nagar: Rs 4,000 per sq.ft (2024)

Stamp duty and registration fee for property in Indira Nagar Extentsion

For a 1,000 sq.ft plot at the current guideline value of Rs 3,700 per sq.ft, the total guideline value would be Rs 37,00,000. The stamp duty at 7% would amount to Rs 2,59,000, and the registration fee at 2% would be Rs 74,000. Together, the total cost for these fees would be Rs 3,33,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Indira Nagar Extentsion?

The Sub Registrar Office that covers Indira Nagar Extentsion is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value is a crucial factor in the registration process of property transactions in Vengaivasal. It determines the amount of stamp duty and registration fees that are applicable when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal and financial obligations during the transaction.

When registering a property, the guideline value serves as a benchmark for the minimum value on which the stamp duty is calculated. 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 of Indira Nagar Extentsion?

The current guideline value of Indira Nagar Extentsion is Rs 3,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 2,345 per sq.ft in 2017 to Rs 3,700 per sq.ft in 2024, marking a total increase of 58% over this period.

What is the median guideline value in Vengaivasal?

The median guideline value in Vengaivasal is Rs 2,700 per sq.ft, which is lower than the current value of Indira Nagar Extentsion.

What is the stamp duty rate for properties in Indira Nagar Extentsion?

The stamp duty rate for properties in Indira Nagar Extentsion is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Indira Nagar Extentsion located?

The Sub Registrar Office for Indira Nagar Extentsion is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.