Guideline Value for INDIRAS NEW TOWN

Indiras New Town guideline value

The current guideline value of Indiras New Town is Rs 700 per sq.ft, effective from 1 July 2024. This property is located in Vattampakkam village under the Sunguvarchattram SRO, classified as Mixed Type - III.

How the guideline value of Indiras New Town has changed

Over the years, the guideline value for Indiras New Town has seen various revisions. The 2012 revision set the value at Rs 700 per sq.ft, which remained unchanged in the 2023 revision. The 2017 revision had a lower figure of Rs 469 per sq.ft, reflecting a decrease of 33% from 2012. The most recent 2024 revision again maintains the value at Rs 700 per sq.ft, showing no change from 2023 and an overall increase of 49% from 2017.

The register does not have figures for the years 2002, 2003, and 2007 for this street. Thus, the only revisions available are from 2012, 2017, 2023, and 2024, with the 2024 figure being consistent with both 2012 and 2023.

Guideline values in Vattampakkam

Vattampakkam has a total of 33 streets under the Sunguvarchattram SRO, with guideline values ranging from Rs 200 to Rs 1,790 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, placing Indiras New Town's 2024 figure above this median.

• Golden City: Rs 202 per sq.ft (2024)
• Kalaizhnar Street (colony): Rs 200 per sq.ft (2024)
• Gangaiamman Kovil Street (colony): Rs 200 per sq.ft (2024)
• Ellaiamman Kovil Street: Rs 200 per sq.ft (2024)
• Keerthika Avenue: Rs 448 per sq.ft (2024)
• Lakshmi Nagar: Rs 448 per sq.ft (2024)

Stamp duty and registration fee for property in Indiras New Town

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total charges to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Indiras New Town?

The Sub Registrar Office that covers Indiras New Town is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Vattampakkam, the guideline value is a crucial factor during the registration process. It serves as a reference point for calculating the stamp duty and registration fees, ensuring that these costs are appropriately assessed based on the property's value.

The guideline value is determined by the government and is updated periodically. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration of the property.

Frequently asked questions

What is the current guideline value of Indiras New Town?

The current guideline value of Indiras New 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 remained at Rs 700 per sq.ft since 2012, with a notable increase of 49% from Rs 469 per sq.ft in 2017. The value has not changed from 2023 to 2024.

What is the land classification for Indiras New Town?

Indiras New Town is classified as Mixed Type - III, which indicates the nature of land use in the area.

Where can I find the registration office for Indiras New Town?

The registration office for Indiras New Town is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Indiras New Town?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 7,00,000 would incur a stamp duty of Rs 49,000 at 7% and a registration fee of Rs 14,000 at 2%.