Guideline Value for INDIRA NAGAR

Indira Nagar guideline value

The current guideline value of Indira Nagar, located in Naduveerapattu village under the Padappai SRO, is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class V Type - I.

How the guideline value of Indira Nagar has changed

In the 2023 revision, the guideline value was Rs 1,500 per sq.ft. This marked an increase from previous revisions, although the register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street. The most recent revision in 2024 shows an increase of 10% from the 2023 figure, raising the guideline value to Rs 1,650 per sq.ft.

To summarize the changes: the guideline value increased from Rs 1,500 per sq.ft in 2023 to Rs 1,650 per sq.ft in 2024. The changes reflect a consistent upward trend in the guideline value for Indira Nagar over the last revision period.

Guideline values in Naduveerapattu

Naduveerapattu village has a total of 96 streets under the Padappai SRO, with guideline values ranging from Rs 330 to Rs 2,500 per sq.ft. The median guideline value for these streets is Rs 660 per sq.ft, placing Indira Nagar's 2024 figure above this median.

• Indigo Nagar: Rs 1,320 per sq.ft (2024)
• Jagan Nagar: Rs 770 per sq.ft (2024)
• Gurupatham Nagar: Rs 550 per sq.ft (2024)
• Green Paradise Phase - II: Rs 660 per sq.ft (2024)
• Green Paradise Part I and II: Rs 660 per sq.ft (2024)
• Green Paradise: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Indira Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 16,50,000. The stamp duty at 7% is Rs 1,15,500, and the registration fee at 2% is Rs 33,000, totaling Rs 1,48,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Indira Nagar?

The Sub Registrar Office that covers Indira Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Naduveerapattu. It determines the minimum value at which a property can be registered, ensuring that the appropriate stamp duty and registration fees are applied based on this value.

When buying or selling property, the guideline value serves as a benchmark to assess the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Indira Nagar?

The current guideline value of Indira Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,500 per sq.ft in 2023 to Rs 1,650 per sq.ft in 2024. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the median guideline value in Naduveerapattu?

The median guideline value for streets in Naduveerapattu is Rs 660 per sq.ft. Indira Nagar's 2024 figure is above this median.

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

For a property valued at Rs 16,50,000, the stamp duty is Rs 1,15,500 and the registration fee is Rs 33,000, totaling Rs 1,48,500.

Which office handles registrations for Indira Nagar?

The Padappai Sub Registrar Office handles registrations for Indira Nagar, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.