Guideline Value for INDIRA ST

Indira St guideline value

The current guideline value of Indira St in Paruthipattu village, under the Avadi SRO, is Rs 950 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Indira St has changed

Looking at the historical revisions, the guideline value for Indira St was Rs 900 per sq.ft in 2023, which increased to Rs 950 per sq.ft in 2024, marking a change of +6%. Prior to that, in 2017, the value was Rs 603 per sq.ft, which saw a significant increase of +49% to reach Rs 900 per sq.ft in 2023. The register has no figures for the years 2002, 2003, and 2007.

In 2012, the guideline value was Rs 900 per sq.ft, which then decreased by -33% to Rs 603 per sq.ft in 2017. Overall, from 2012 to 2024, the guideline value has increased by +6% from Rs 900 per sq.ft to Rs 950 per sq.ft.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft, with a median value of Rs 1,625 per sq.ft. The guideline value of Indira St at Rs 950 per sq.ft is below this median.

• Indiran Gandhi St Konambedu: Rs 950 per sq.ft (2024)
• Indira Nagar 2nd St: Rs 1,625 per sq.ft (2024)
• Indira Nagar 1st St: Rs 1,625 per sq.ft (2024)
• Indira Gandhi Nagar: Rs 1,625 per sq.ft (2024)
• Iyappan Koil St: Rs 1,625 per sq.ft (2024)
• Ideal Home In M.R.Garden: Rs 1,625 per sq.ft (2024)

Stamp duty and registration fee for property in Indira St

For a 1,000 sq.ft plot at the current rate of Rs 950 per sq.ft, the guideline value amounts to Rs 9,50,000. The stamp duty at 7% would be Rs 66,500, and the registration fee at 2% would be Rs 19,000, totaling Rs 85,500. 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 more details.

Which Sub Registrar Office covers Indira St?

The Indira St is covered by the Avadi Sub Registrar Office located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Paruthipattu. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When buying or selling property, the guideline value ensures transparency and consistency in property transactions. It helps in assessing the value of the property for taxation purposes and provides a reference point for buyers and sellers alike.

Frequently asked questions

What is the current guideline value of Indira St?

The current guideline value of Indira St is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2023 to Rs 950 per sq.ft in 2024, and it was Rs 603 per sq.ft in 2017. The register has no figures for the years 2002, 2003, and 2007.

What is the land classification of Indira St?

Indira St falls under the Residential Class II Type - I land classification.

What are the stamp duty and registration fees for properties in Indira St?

For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 66,500 and the registration fee would be Rs 19,000, totaling Rs 85,500.

Which office handles property registrations for Indira St?

The Avadi Sub Registrar Office handles property registrations for Indira St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.