Guideline Value for INDIRA NAGAR MAIN ROAD

Indira Nagar Main Road guideline value

The current guideline value of Indira Nagar Main Road is Rs 1,600 per sq.ft, effective from 1 July 2024. This road is located in Perumbakkam village, under the Selaiyur SRO, and is classified as Residential Class II Type - II.

How the guideline value of Indira Nagar Main Road has changed

The guideline value for Indira Nagar Main Road has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where the value was Rs 1,005 per sq.ft. The 2023 revision increased the value to Rs 1,500 per sq.ft, and the most recent 2024 revision raised it to Rs 1,600 per sq.ft, reflecting a 7% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 7%. It is important to note that the register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft. The median guideline value for these streets is Rs 2,725 per sq.ft, placing Indira Nagar Main Road's 2024 figure below this median.

• Indira Nagar Mahendiravarman Street: Rs 1,600 per sq.ft (2024)
• Indira Nagar Masuthi Street: Rs 1,600 per sq.ft (2024)
• Indira Nagar M.G.R. Street: Rs 1,600 per sq.ft (2024)
• Indira Nagar Iraniyavarman Street: Rs 1,600 per sq.ft (2024)
• Indira Nagar Narashimman Street: Rs 1,600 per sq.ft (2024)
• Indira Nagar Indira Gandhi Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Indira Nagar Main Road

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, totaling Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Indira Nagar Main Road?

The Sub Registrar Office that covers Indira Nagar Main Road 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 here.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perumbakkam. It serves as a reference point for determining the stamp duty and registration fees applicable to the property transaction.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Indira Nagar Main Road?

The current guideline value of Indira Nagar Main Road is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2023 to Rs 1,600 per sq.ft in 2024, marking a 7% increase. It was Rs 1,005 per sq.ft in 2017 and Rs 1,500 per sq.ft in 2012, showing various changes over the years.

What is the land classification for Indira Nagar Main Road?

Indira Nagar Main Road is classified as Residential Class II Type - II, which indicates its usage for residential purposes.

Where can I find the Sub Registrar Office for Indira Nagar Main Road?

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

How is the stamp duty calculated for properties in Perumbakkam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 16,00,000 would incur a stamp duty of Rs 1,12,000 at the rate of 7%.