Guideline Value for INDRA NAGAR NEHRU STREET (WARD -19)

Indra Nagar Nehru Street (Ward -19) guideline value

The current guideline value of Indra Nagar Nehru Street (Ward -19) is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Indra Nagar Nehru Street (Ward -19) has changed

The guideline value for Indra Nagar Nehru Street has seen several revisions over the years. The oldest recorded figure is from 2012, which was Rs 400 per sq.ft. This was followed by a decrease to Rs 268 per sq.ft in 2017, a rise to Rs 400 per sq.ft in 2023, and finally, the current value of Rs 440 per sq.ft from the 2024 revision, marking a 10% increase from the previous year.

Between the revisions, the changes are notable. From 2017 to 2023, the guideline value increased by 49%. However, there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

Kattankollatur has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft as of 2024. The median guideline value in this village is Rs 1,100 per sq.ft, indicating that the 2024 figure for Indra Nagar Nehru Street is below this median.

• Inidirajan (N): Rs 660 per sq.ft (2024)
• Indira Ganthi Nagar (N): Rs 660 per sq.ft (2024)
• India Piston (Pa): Rs 550 per sq.ft (2024)
• Indhu Garden (Sa): Rs 440 per sq.ft (2024)
• It Avenue (N): Rs 990 per sq.ft (2024)
• Imayavaramban Street (Ward -4): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Indra Nagar Nehru Street (Ward -19)

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total to Rs 39,600. It's important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Indra Nagar Nehru Street (Ward -19)?

The Sub Registrar Office that covers Indra Nagar Nehru Street (Ward -19) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kattankollatur. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements during transactions.

Understanding the guideline value is essential for both buyers and sellers, as it provides a basis for the financial aspects of property transactions. It is advisable to consult the latest figures to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Indra Nagar Nehru Street?

The current guideline value of Indra Nagar Nehru Street (Ward -19) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification for Indra Nagar Nehru Street?

The land classification for Indra Nagar Nehru Street is Residential Class II Type - II.

Where is the Chengleput Joint II Sub Registrar Office located?

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 Kattankollatur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be calculated accordingly.