Guideline Value for INDIRA NAGAR-CROSS ST

Indira Nagar-Cross St guideline value

The current guideline value of Indira Nagar-Cross St is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Walajabad village and falls under the Walajabad SRO, classified as Residential Class IV Type - I.

How the guideline value of Indira Nagar-Cross St has changed

The guideline value for Indira Nagar-Cross St has seen several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 750 per sq.ft. This remained unchanged until the 2017 revision, which saw a decrease to Rs 502 per sq.ft, marking a -33% change. However, by the 2023 revision, the value returned to Rs 750 per sq.ft, and it has remained consistent at this rate through to the 2024 revision, showing a 0% change from the previous year.

In terms of overall changes, from 2012 to 2024, the guideline value has remained stable at Rs 750 per sq.ft, indicating no increase over this period. Notably, the revisions for the years 2002, 2003, and 2007 have no figures listed for this street in the register.

Guideline values in Walajabad

Walajabad village has a total of 196 streets under the Walajabad SRO, with the 2024 guideline values ranging from Rs 400 to Rs 2,000 per sq.ft. The median value across these streets is Rs 750 per sq.ft, which is equal to the current guideline value for Indira Nagar-Cross St.

• INDIRA NAGAR-3st -ST: Rs 750 per sq.ft (2024)
• INDIRA NAGAR-2st -ST: Rs 750 per sq.ft (2024)
• INDIRA NAGAR-1st -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-Cross 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, while the registration fee at 2% would be Rs 15,000, bringing the total fees together to Rs 67,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Indira Nagar-Cross St?

The Sub Registrar Office that covers Indira Nagar-Cross St is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Walajabad. It is used to determine the stamp duty and registration fees applicable at the time of property registration. Buyers and sellers must refer to the guideline value to understand their financial obligations during the transaction process.

When a property is sold, the guideline value is compared with 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 of Indira Nagar-Cross St?

The current guideline value of Indira Nagar-Cross 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, but it returned to Rs 750 per sq.ft in 2023 and 2024.

What is the land classification of Indira Nagar-Cross St?

Indira Nagar-Cross St is classified as Residential Class IV Type - I under the Walajabad SRO.

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.

Where is the Sub Registrar Office for Indira Nagar-Cross St located?

The Sub Registrar Office for Indira Nagar-Cross St is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.