Guideline Value for INDIRAGANDHI NAGAR

Indiragandhi Nagar guideline value

The current guideline value of Indiragandhi Nagar is Rs 825 per sq.ft, effective from 1 July 2024. This area is located in Tiruttani village, under the Thiruttani SRO, and is classified as Residential Class III Type - I.

How the guideline value of Indiragandhi Nagar has changed

The guideline value for Indiragandhi Nagar has seen several revisions over the years. The 2017 revision recorded a value of Rs 502 per sq.ft, which increased to Rs 750 per sq.ft in the 2023 revision. From 2023 to 2024, the value rose by 10% to reach Rs 825 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The substantial jump from Rs 502 in 2017 to Rs 825 in 2024 reflects a 49% increase from 2017 to 2023, followed by the recent 10% rise.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that carry a 2024 guideline value ranging from Rs 548 to Rs 1,540 per sq.ft. The median guideline value for these streets is Rs 825 per sq.ft, which matches the current value for Indiragandhi Nagar.

• Gurukkal Street ( T V Malai): Rs 825 per sq.ft (2024)
• Golden Theatre - Karimbedu Ack Side: Rs 1,099 per sq.ft (2024)
• G M Nagar: Rs 550 per sq.ft (2024)
• Jothi Nagar Colony: Rs 825 per sq.ft (2024)
• Jothiswamy Koil Street: Rs 770 per sq.ft (2024)
• Kadappa Trunk Road: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Indiragandhi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value amounts to Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, while the registration fee at 2% would be Rs 16,500, bringing the total cost for these fees to Rs 74,250. Please note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Indiragandhi Nagar?

The Sub Registrar Office that covers Indiragandhi Nagar is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a critical role in property transactions in Tiruttani. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must be aware of this value to ensure compliance with registration regulations.

When a property is registered, the guideline value is considered to calculate the applicable fees. This ensures that all transactions are conducted transparently and in accordance with the established rates set by the Registration Department.

Frequently asked questions

What is the current guideline value of Indiragandhi Nagar?

The current guideline value of Indiragandhi Nagar is Rs 825 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 502 per sq.ft to Rs 825 per sq.ft, marking an overall increase of 64% by 2024.

What are the stamp duty rates applicable in Indiragandhi Nagar?

The stamp duty rate applicable in Indiragandhi Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Thiruttani Sub Registrar Office?

The Thiruttani Sub Registrar Office is located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

What is the median guideline value in Tiruttani?

The median guideline value in Tiruttani for 2024 is Rs 825 per sq.ft, which is also the current value for Indiragandhi Nagar.