Guideline Value for INDIRANGANDHI TOWN

Indirangandhi Town guideline value

The current guideline value of Indirangandhi Town is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Maiyur village under the Chengleput Joint II SRO, with a land classification of Mixed Type - II.

How the guideline value of Indirangandhi Town has changed

Over the years, the guideline value for Indirangandhi Town has seen several revisions. In 2012, the guideline value was set at Rs 500 per sq.ft. This figure was then revised to Rs 335 per sq.ft in 2017, marking a decrease of 33%. The most recent revisions show that the guideline value remained unchanged at Rs 700 per sq.ft in both 2023 and 2024, indicating a 109% increase from the 2017 figure.

The overall change from the 2012 revision to the 2024 revision is an increase of 40%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Maiyur

In Maiyur village, there are 28 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 200 to Rs 700 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, placing Indirangandhi Town's 2024 figure above that median.

• Hariyagrivar Nagar: Rs 400 per sq.ft (2024)
• Green Park Avenue: Rs 400 per sq.ft (2024)
• Green City: Rs 400 per sq.ft (2024)
• Golden Palar Gardens: Rs 400 per sq.ft (2024)
• Karunai Nagar: Rs 400 per sq.ft (2024)
• Krishna Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Indirangandhi Town

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Indirangandhi Town?

The Sub Registrar Office that covers Indirangandhi Town is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Maiyur. It serves as a benchmark for assessing the value of the property for taxation purposes, ensuring that the correct stamp duty and registration fees are applied.

When a property is sold, the guideline value helps determine the minimum value at which the property can be registered. This ensures that transactions are conducted transparently and that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Indirangandhi Town?

The current guideline value of Indirangandhi Town is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 700 per sq.ft in both 2023 and 2024, unchanged from the previous year. The value was Rs 335 per sq.ft in 2017 and Rs 500 per sq.ft in 2012.

What is the median guideline value in Maiyur?

The median guideline value for the 28 streets in Maiyur under the Chengleput Joint II SRO is Rs 400 per sq.ft. Indirangandhi Town's guideline value is above this median.

What are the stamp duty and registration fees for property in Indirangandhi Town?

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000. Duty is charged on the higher of the guideline value or the sale price.

Which office handles property registration for Indirangandhi Town?

The Chengleput Joint II Sub Registrar Office handles property registration for Indirangandhi Town, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.