Guideline Value for INDIRA NAGAR-3st -ST

INDIRA NAGAR-3st -ST guideline value

The current guideline value for INDIRA NAGAR-3st -ST is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Walajabad village, under the Walajabad SRO, and is classified as Residential Class IV Type - I.

How the guideline value of INDIRA NAGAR-3st -ST has changed

The guideline value for INDIRA NAGAR-3st -ST has remained stable at Rs 750 per sq.ft from the 2012 revision through to the 2024 revision. The 2012 revision was also set at Rs 750 per sq.ft, while the 2017 revision saw a decrease to Rs 502 per sq.ft. Following this, the guideline value increased by 49% to Rs 750 per sq.ft in the 2023 revision, and it has not changed from 2023 to 2024, showing a 0% change.

The register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the significant revisions to note are the 2012 figure of Rs 750 per sq.ft, the 2017 figure of Rs 502 per sq.ft, and the subsequent increases leading back to Rs 750 per sq.ft in 2023 and 2024.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft, with a median value of Rs 750 per sq.ft. The guideline value for INDIRA NAGAR-3st -ST aligns perfectly with this median.

• INDIRA NAGAR-2st -ST: Rs 750 per sq.ft (2024)
• INDIRA NAGAR-1st -ST: Rs 750 per sq.ft (2024)
• Indira Nagar-Cross St: Rs 750 per sq.ft (2024)
• Indara Nager New Colony: Rs 750 per sq.ft (2024)
• Javulikadai Street: Rs 750 per sq.ft (2024)
• Jothikanniyamman Kovil Cross St: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in INDIRA NAGAR-3st -ST

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total fees to Rs 67,500. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers INDIRA NAGAR-3st -ST?

The Sub Registrar Office that covers INDIRA NAGAR-3st -ST is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value is a crucial factor when registering property in Walajabad. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately and legally.

When buying or selling property, the guideline value helps determine the minimum value at which a property can be registered. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value for INDIRA NAGAR-3st -ST?

The current guideline value for INDIRA NAGAR-3st -ST is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 750 per sq.ft since 2012, with a decrease to Rs 502 per sq.ft in 2017, and then an increase back to Rs 750 per sq.ft in 2023 and 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 7,50,000, the stamp duty would be Rs 52,500, and the registration fee would be Rs 15,000, totaling Rs 67,500.

Which office handles property registrations for INDIRA NAGAR-3st -ST?

The Walajabad Sub Registrar Office handles property registrations for INDIRA NAGAR-3st -ST, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

What is the land classification for INDIRA NAGAR-3st -ST?

INDIRA NAGAR-3st -ST is classified as Residential Class IV Type - I, indicating its suitability for residential development.