Guideline Value for INDIRA NAGAR

Indira Nagar guideline value

The current guideline value of Indira Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Bunrutti A village under the Walajabad SRO, classified as Residential Class I Type - II.

How the guideline value of Indira Nagar has changed

The guideline value for Indira Nagar has remained stable at Rs 400 per sq.ft for both the 2023 and 2024 revisions. Prior to this, in the 2017 revision, the value was Rs 268 per sq.ft, marking a significant increase of 49% from 2017 to 2023.

Overall, from the 2017 revision to the current 2024 revision, the guideline value has increased by 49%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Bunrutti A

In Bunrutti A, there are 10 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 1,200 per sq.ft. The median value for these streets is Rs 425 per sq.ft, placing Indira Nagar's value below this median.

• Arun Kovil Nagar: Rs 400 per sq.ft (2024)
• Phoenix City: Rs 1,200 per sq.ft (2024)
• Siddarth Avenue: Rs 400 per sq.ft (2024)
• Sri Chakra Gardens Farm Land: Rs 500 per sq.ft (2024)
• Sri Devi Karumari Amman Nagar: Rs 450 per sq.ft (2024)
• Sri Ponni Farm Garden: Rs 500 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 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, resulting in a total of Rs 36,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Indira Nagar?

The Sub Registrar Office that covers Indira Nagar 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 Bunrutti A

The guideline value is crucial during the registration process of property transactions in Bunrutti A. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs reflect the official valuation of the property.

When buying or selling property, the guideline value helps to determine the official price at which the property will be registered. This ensures transparency and compliance with local regulations, making it an essential aspect of real estate 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 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft for both the 2023 and 2024 revisions. It increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, marking a 49% increase over that period.

What is the land classification for Indira Nagar?

Indira Nagar is classified as Residential Class I Type - II, indicating its suitability for residential development.

What are the guideline values for other streets in Bunrutti A?

Other streets in Bunrutti A have guideline values ranging from Rs 400 to Rs 1,200 per sq.ft, with a median value of Rs 425 per sq.ft. Indira Nagar's value is below this median.

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

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