Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for INDRA NAGAR(NEAR BY SITHARTH NAGAR 1st STREET)

₹1980/sq.ft.

The guideline value for Indra Nagar(near By Sitharth Nagar 1st Street) in Nanmangalam village (Pallavaram SRO, Chengalpattu zone) is Rs 1980 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Nanmangalam

Village

Pallavaram

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹1980 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Indra Nagar(near By Sitharth Nagar 1st Street)

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

INDRA NAGAR(NEAR BY SITHARTH NAGAR 1st STREET) guideline value

The current guideline value for INDRA NAGAR(NEAR BY SITHARTH NAGAR 1st STREET) is Rs 1,980 per sq.ft, effective from 1 July 2024. This property is located in Nanmangalam village, under the Pallavaram SRO, and falls under the Residential Class I Type - III land classification.

How the guideline value of INDRA NAGAR(NEAR BY SITHARTH NAGAR 1st STREET) has changed

Over the years, the guideline value for INDRA NAGAR(NEAR BY SITHARTH NAGAR 1st STREET) has seen significant changes. In 2007, the guideline value was Rs 300 per sq.ft, which increased dramatically to Rs 1,800 per sq.ft in 2012, marking a 500% rise. However, it then decreased to Rs 1,206 per sq.ft in 2017, a drop of 33%. The value continued to rise, reaching Rs 1,800 per sq.ft in 2023, and further increasing by 10% to the current value of Rs 1,980 per sq.ft in 2024.

From the 2017 revision to the 2023 revision, the increase was 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 560%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Nanmangalam

Nanmangalam village has 139 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,960 to Rs 3,850 per sq.ft. The median guideline value for these streets is Rs 2,750 per sq.ft, making the current value of INDRA NAGAR(NEAR BY SITHARTH NAGAR 1st STREET) below the median.

Stamp duty and registration fee for property in INDRA NAGAR(NEAR BY SITHARTH NAGAR 1st STREET)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. It is important to note that 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(NEAR BY SITHARTH NAGAR 1st STREET)?

The Sub Registrar Office that covers INDRA NAGAR(NEAR BY SITHARTH NAGAR 1st STREET) is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, 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 Nanmangalam

The guideline value plays a crucial role in property transactions in Nanmangalam. It is used to determine the stamp duty and registration fees payable during the registration process. Buyers and sellers must be aware that the guideline value is the basis for calculating these fees, ensuring that all transactions are conducted transparently and fairly.

When purchasing or selling property, it is essential to verify the current guideline value to ensure compliance with legal requirements. This value affects the overall cost of the transaction, making it a vital aspect for both buyers and sellers in the real estate market.

Frequently asked questions

What is the current guideline value of INDRA NAGAR(NEAR BY SITHARTH NAGAR 1st STREET)?

The current guideline value of INDRA NAGAR(NEAR BY SITHARTH NAGAR 1st STREET) is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased significantly, from Rs 300 per sq.ft to Rs 1,980 per sq.ft in 2024, marking an overall increase of 560%.

What is the registration office for INDRA NAGAR(NEAR BY SITHARTH NAGAR 1st STREET)?

The registration office for INDRA NAGAR(NEAR BY SITHARTH NAGAR 1st STREET) is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600, and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Where can I find more information about guideline values in Nanmangalam?

More information about guideline values in Nanmangalam can be found by referring to the Registration Department's guideline value register (TNReginet) or by checking the specific links provided for other streets in the area.