Guideline Value for INDIRANI GARDEN

Indirani Garden guideline value

The current guideline value of Indirani Garden is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Uthandi village, under the Neelankarai SRO, and is classified as Residential Class III Type - I.

How the guideline value of Indirani Garden has changed

In the 2012 revision, the guideline value was set at Rs 1,000 per sq.ft. This figure changed to Rs 670 per sq.ft in the 2017 revision, reflecting a decrease of 33%. The guideline value then increased significantly to Rs 1,000 per sq.ft in the 2023 revision, followed by a further increase to Rs 1,100 per sq.ft in the 2024 revision, which is a rise of 10% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The revisions for the years 2002, 2003, and 2007 do not have any figures listed for this street in the register.

Guideline values in Uthandi

Uthandi village has a total of 197 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 14,700 per sq.ft as of 2024. The median guideline value for these streets is Rs 1,700 per sq.ft, placing the 2024 figure for Indirani Garden below this median.

• Jagadeesan Garden: Rs 1,100 per sq.ft (2024)
• Imrankhan Garden: Rs 1,100 per sq.ft (2024)
• Hasaaranbi/Hasan Moulana Garden: Rs 1,100 per sq.ft (2024)
• Guna Seelan Garden: Rs 1,100 per sq.ft (2024)
• Grp Avenue: Rs 1,100 per sq.ft (2024)
• Gowri Chandran Garden: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Indirani Garden

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, leading to a total cost of Rs 99,000. Please note that 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 Indirani Garden?

The Neelankarai Sub Registrar Office covers Indirani Garden. The office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value serves as a benchmark for determining the minimum value at which property transactions can be registered in Uthandi. It ensures that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is crucial as it influences the financial obligations of both parties during the registration process. Buyers should be aware of the guideline value to ensure compliance with local regulations and to understand the costs involved in property transactions.

Frequently asked questions

What is the current guideline value of Indirani Garden?

The current guideline value of Indirani Garden is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 1,000 per sq.ft in 2012, dropping to Rs 670 per sq.ft in 2017, and then rising to Rs 1,000 per sq.ft in 2023, before reaching Rs 1,100 per sq.ft in 2024.

What is the land classification of Indirani Garden?

Indirani Garden is classified as Residential Class III Type - I, which indicates its designation for residential development.

What are the other streets with the same guideline value in Uthandi?

Other streets in Uthandi with the same guideline value of Rs 1,100 per sq.ft include Jagadeesan Garden, Imrankhan Garden, Hasaaranbi/Hasan Moulana Garden, Guna Seelan Garden, Grp Avenue, and Gowri Chandran Garden.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.