Guideline Value for INDIRA NAGAR

Indira Nagar guideline value

The current guideline value of Indira Nagar, located in Periyakuppam village under the Tiruvallur Joint 1 SRO, is Rs 879 per sq.ft as per the 2024 revision. This area falls under the Residential Special Type - IV land classification.

How the guideline value of Indira Nagar has changed

In the 2012 revision, the guideline value was Rs 800 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 536 per sq.ft. The value then increased significantly to Rs 800 per sq.ft in the 2023 revision, followed by a further increase to Rs 879 per sq.ft in the 2024 revision, marking a 10% rise from the previous year. The overall change from 2012 to 2024 represents a 10% increase.

Between the 2017 and 2023 revisions, the guideline value increased by 49%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,300 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Indira Nagar is below this median.

• Indira Gandhi Salai: Rs 1,100 per sq.ft (2024)
• Ingarsal Street: Rs 1,100 per sq.ft (2024)
• Jagageevan Ram Street: Rs 2,200 per sq.ft (2024)
• Heraram Street: Rs 1,100 per sq.ft (2024)
• Jagan Nathan Nagar: Rs 879 per sq.ft (2024)
• Hare Ram Nagar: 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 879 per sq.ft, the total guideline value amounts to Rs 8,79,000. The stamp duty at 7% would be Rs 61,530, and the registration fee at 2% would be Rs 17,580, bringing the total to Rs 79,110. 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 details.

Which Sub Registrar Office covers Indira Nagar?

The Indira Nagar area falls under the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor when registering property in Periyakuppam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When you buy or sell property, the guideline value serves as a benchmark for calculating stamp duty and registration fees. It is crucial for buyers and sellers to be aware of these values to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Indira Nagar?

The current guideline value of Indira Nagar is Rs 879 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 800 per sq.ft in 2012, decreasing to Rs 536 per sq.ft in 2017, then increasing to Rs 800 per sq.ft in 2023, and finally reaching Rs 879 per sq.ft in 2024.

What is the land classification for Indira Nagar?

Indira Nagar falls under the Residential Special Type - IV land classification.

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

For a property valued at Rs 8,79,000, the stamp duty would be Rs 61,530 and the registration fee would be Rs 17,580, totaling Rs 79,110.

Which office handles registrations for Indira Nagar?

The Tiruvallur Joint 1 Sub Registrar Office handles registrations for Indira Nagar, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.