Guideline Value for INDIRA*S ORCHARD TOWN

Indira*s Orchard Town guideline value

The current guideline value of Indira*s Orchard Town is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Sengundram - 1 village under the Chengleput Joint II SRO, classified as Residential Special Type - III.

How the guideline value of Indira*s Orchard Town has changed

The guideline value of Indira*s Orchard Town has seen several revisions over the years. The earliest recorded revision is from 2012, which set the value at Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in the 2017 revision. In 2023, the value increased to Rs 1,000 per sq.ft, and the most recent revision in 2024 raised it further to Rs 1,100 per sq.ft.

Between the revisions, the changes are notable. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%. The overall change from 2012 to 2024 reflects a modest increase of 10%.

Guideline values in Sengundram - 1

In Sengundram - 1, there are 126 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 660 to Rs 3,285 per sq.ft. The median value for these streets is Rs 880 per sq.ft, placing Indira*s Orchard Town's 2024 figure above this median.

• Industrial Ariya (Chen): Rs 1,320 per sq.ft (2024)
• Hill View Residency Phase -1 (Chen): Rs 1,100 per sq.ft (2024)
• Hill View: Rs 1,807 per sq.ft (2024)
• Hill Grove Nagar (Chen): Rs 1,100 per sq.ft (2024)
• Jai Nagar (Chen): Rs 770 per sq.ft (2024)
• Jamuna Auto Industrial Road (Chen): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Indira*s Orchard Town

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Indira*s Orchard Town?

The Chengleput Joint II Sub Registrar Office covers Indira*s Orchard Town, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sengundram - 1

The guideline value is a crucial factor during the registration of property transactions in Sengundram - 1. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Indira*s Orchard Town?

The current guideline value of Indira*s Orchard Town is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification of Indira*s Orchard Town?

Indira*s Orchard Town is classified as Residential Special Type - III, indicating its intended use for residential purposes.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is stamp duty calculated for properties in Indira*s Orchard Town?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 11,00,000 would incur a stamp duty of Rs 77,000 at 7% and a registration fee of Rs 22,000 at 2%, totaling Rs 99,000.