Guideline Value for INDIRA NAGAR

Indira Nagar guideline value

The current guideline value of Indira Nagar in Athipattu village, under the Thiruvottiyur SRO, is Rs 462 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Indira Nagar has changed

The guideline value for Indira Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 281 per sq.ft. This increased to Rs 420 per sq.ft in the 2023 revision, marking a change of 49%. The most recent revision in 2024 brought the value to Rs 462 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Athipattu

In Athipattu, there are 108 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 462 per sq.ft. The median value for these streets is Rs 330 per sq.ft, placing Indira Nagar's 2024 figure above this median.

• Jaganjeevanram Nagar: Rs 330 per sq.ft (2024)
• Harikrishna Sharma Nagar: Rs 330 per sq.ft (2024)
• Jai Maruthi Nagar /Avenu: Rs 330 per sq.ft (2024)
• Jai Nagar: Rs 330 per sq.ft (2024)
• Janakiammal Nagar: Rs 330 per sq.ft (2024)
• Janaki Nagar: Rs 330 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 462 per sq.ft, the total guideline value would be Rs 4,62,000. The stamp duty at 7% would amount to Rs 32,340, and the registration fee at 2% would be Rs 9,240, bringing the total fees together to Rs 41,580. It is important to note that the 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?

The Sub Registrar Office that covers Indira Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Athipattu. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must pay the stamp duty and registration fees 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?

The current guideline value of Indira Nagar is Rs 462 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

From the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The value rose from Rs 281 per sq.ft in 2017 to Rs 462 per sq.ft in 2024.

What is the land classification for Indira Nagar?

The land classification for Indira Nagar is Residential Special Type - I. This classification indicates the intended use of the land in this area.

What are the other streets in Athipattu and their guideline values?

Other streets in Athipattu include Jaganjeevanram Nagar, Harikrishna Sharma Nagar, Jai Maruthi Nagar /Avenu, Jai Nagar, Janakiammal Nagar, and Janaki Nagar, all with a guideline value of Rs 330 per sq.ft for 2024.

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

The Sub Registrar Office for Indira Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.