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 550 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor 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

Over the years, the guideline value for Indra Nagar Nehru Street has seen several revisions. In 2012, the guideline value was Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in 2017. Following this, the value increased significantly to Rs 500 per sq.ft in 2023, and further rose to Rs 550 per sq.ft in 2024, marking a 10% increase from the previous year. The register has no figures for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, while the increase from 2017 to 2023 was 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Indra Nagar Nehru Street's 2024 figure below that median.

• Inidirajan (N): Rs 661 per sq.ft (2024)
• Indira Ganthi Nagar (N): Rs 661 per sq.ft (2024)
• India Piston (Pa): Rs 660 per sq.ft (2024)
• Indhu Garden (Sa): Rs 550 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 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% is Rs 38,500, and the registration fee at 2% is Rs 11,000, totaling Rs 49,500. It is important to note that the 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 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, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Peramanoor. It is used to determine the stamp duty and registration fees that need to be paid when registering a property. Buyers and sellers should be aware that this value may differ from the actual sale price of the property.

When registering a property, the higher value between the guideline value and the sale price is used to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately and complies with local regulations.

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 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification for Indra Nagar Nehru Street?

The land classification for Indra Nagar Nehru Street (Ward -19) is Residential Class II Type - II.

Where can I find more information about stamp duty and registration fees?

You can find more information about stamp duty and registration fees using the stamp duty and registration fee calculator.

Which office do I need to visit for property registration in Indra Nagar Nehru Street?

The Chengleput Joint II Sub Registrar Office is responsible for property registrations in Indra Nagar Nehru Street (Ward -19). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.