Guideline Value for INDIRA NAGAR

Indira Nagar guideline value

The current guideline value for Indira Nagar in Pallikaranai village is Rs 1,320 per sq.ft, effective from 1 July 2024. This area falls under the Chennai South Joint I SRO and is classified as Residential Class IV Type - II.

How the guideline value of Indira Nagar has changed

The guideline value for Indira Nagar has undergone several revisions over the years. The oldest revision available is from 2012, where the guideline value was Rs 1,200 per sq.ft. In the 2024 revision, the value increased to Rs 1,320 per sq.ft, which represents a change of +10% from the 2012 figure. The register has no figures for the years 2002, 2003, 2007, 2017, and 2023 for this street.

Between the 2012 and 2024 revisions, the increase indicates a steady adjustment in property values. The current guideline value reflects the ongoing changes within the real estate sector in Pallikaranai.

Guideline values in Pallikaranai

Pallikaranai village has a total of 749 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value in this area is Rs 1,650 per sq.ft, positioning Indira Nagar’s 2024 figure below that median.

• Indira Nagar 1st Street: Rs 1,320 per sq.ft (2024)
• Indira Nagar 2nd Street: Rs 1,320 per sq.ft (2024)
• Indira Street: Rs 1,110 per sq.ft (2024)
• Indra Gandhi Nagar: Rs 1,320 per sq.ft (2024)
• Indhra Ammaiyar Street: Rs 2,200 per sq.ft (2024)
• Immanuvel Main Road: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Indira Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400. Together, the total fees would be Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Indira Nagar?

The Sub Registrar Office that covers Indira Nagar is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Pallikaranai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When buyers and sellers engage in a transaction, the guideline value helps ensure that the fees are calculated fairly based on the property's assessed value. This process is essential for maintaining transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Indira Nagar?

The current guideline value of Indira Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 1,200 per sq.ft in 2012 to Rs 1,320 per sq.ft in 2024, reflecting a +10% increase. The register has no figures for the years 2003, 2007, 2017, and 2023 for this street.

What is the median guideline value in Pallikaranai?

The median guideline value in Pallikaranai is Rs 1,650 per sq.ft, with Indira Nagar's 2024 figure being below this median.

What are the stamp duty and registration fees for a property in Indira Nagar?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400, and the registration fee would be Rs 26,400, totaling Rs 1,18,800. The duty is based on the higher of the guideline value or the sale price.

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

The Sub Registrar Office for Indira Nagar is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.