Guideline Value for INDIRA NGAR KAMARAJAR STREET

Indira Ngar Kamarajar Street guideline value

The current guideline value of Indira Ngar Kamarajar Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Perumbakkam village and falls under the Selaiyur SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Indira Ngar Kamarajar Street has changed

The guideline value for Indira Ngar Kamarajar Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was later reduced to Rs 1,005 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,500 per sq.ft in the 2023 revision, and the most recent 2024 revision has set it at Rs 1,600 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From the 2012 to 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the value saw a significant increase of 49%. The change from 2023 to 2024 reflects a growth of 7%. Overall, from 2012 to 2024, the guideline value has increased by 7%.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO, with the 2024 guideline values ranging from Rs 850 to Rs 4,800 per sq.ft. The median guideline value for these streets is Rs 2,725 per sq.ft, placing Indira Ngar Kamarajar Street's 2024 figure below that median.

• Indira Nagar Vivekanandar Street: Rs 1,600 per sq.ft (2024)
• Indira Nagar Vivekanandar 1st-5th Cross Street: Rs 1,600 per sq.ft (2024)
• Indira Nagar Vishnuvarman Street: Rs 1,600 per sq.ft (2024)
• Indira Nagar Vetrivel Murugan Street: Rs 1,600 per sq.ft (2024)
• Indira Nagar Simmavarman Street: Rs 1,600 per sq.ft (2024)
• Indira Nagar Rajiv Gandhi Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Indira Ngar Kamarajar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, while the registration fee at 2% would be Rs 32,000. Together, the total cost for these fees would be Rs 1,44,000. 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 Ngar Kamarajar Street?

The Sub Registrar Office that covers Indira Ngar Kamarajar Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Perumbakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction.

Additionally, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions. Understanding the guideline value is essential for both parties to avoid any legal complications during the sale or purchase of property.

Frequently asked questions

What is the current guideline value of Indira Ngar Kamarajar Street?

The current guideline value of Indira Ngar Kamarajar Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in this area?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 16,00,000, with stamp duty at Rs 1,12,000 and registration fee at Rs 32,000, totaling Rs 1,44,000.

Which Sub Registrar Office covers this street?

The Selaiyur Sub Registrar Office covers Indira Ngar Kamarajar Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the land classification for Indira Ngar Kamarajar Street?

The land classification for Indira Ngar Kamarajar Street is Residential Class II Type - II.