Guideline Value for INDIRA RANGA PLOTS

Indira Ranga Plots guideline value

The current guideline value for Indira Ranga Plots in Surai village is Rs 100 per sq.ft, effective from 1 July 2024. This property falls under the Madurandakam SRO and is classified as Residential Class I Type - I.

How the guideline value of Indira Ranga Plots has changed

Over the years, the guideline value of Indira Ranga Plots has seen several revisions. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged in the 2023 revision. In the 2017 revision, the value was Rs 67 per sq.ft, marking a decrease of 33% from the 2012 figure. The most recent revision in 2024 maintains the value at Rs 100 per sq.ft, resulting in an overall change of 0% from 2012 to 2024.

From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 100 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Surai

In Surai village, six streets fall under the Madurandakam SRO, with the 2024 guideline values ranging from Rs 100 to Rs 200 per sq.ft. The median value for these streets is Rs 151 per sq.ft, indicating that the guideline value for Indira Ranga Plots is below this median.

• Santuary: Rs 100 per sq.ft (2024)
• Sri Venkateshwara Nagar: Rs 200 per sq.ft (2024)
• Temple View City: Rs 101 per sq.ft (2024)
• VIP CITY in SMA GREEN GARDEN: Rs 200 per sq.ft (2024)
• arunachala Eswarar Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Indira Ranga Plots

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total to Rs 9,000. Duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Indira Ranga Plots?

The Indira Ranga Plots are covered by the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling a property in Surai, the guideline value is used to calculate stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Indira Ranga Plots?

The current guideline value of Indira Ranga Plots is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft since 2012, with a drop to Rs 67 per sq.ft in 2017 and an increase back to Rs 100 per sq.ft in 2023. There was no change from 2023 to 2024.

What is the stamp duty for a property in Indira Ranga Plots?

The stamp duty for a property in Indira Ranga Plots is 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 7,000.

Which registration office covers Indira Ranga Plots?

The Madurandakam Sub Registrar Office covers Indira Ranga Plots, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

What are the other streets in Surai with guideline values?

Other streets in Surai under the Madurandakam SRO have guideline values ranging from Rs 100 to Rs 200 per sq.ft. The median value for these streets is Rs 151 per sq.ft, with Indira Ranga Plots being below this median.