Guideline Value for INDRANI RAMACHANDRAN AVENUE

Indrani Ramachandran Avenue guideline value

The current guideline value of Indrani Ramachandran Avenue is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Mannivakkam village, under the Gooduvancheri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Indrani Ramachandran Avenue has changed

The guideline value for Indrani Ramachandran Avenue has seen several revisions over the years. The 2017 revision set the value at Rs 469 per sq.ft, which increased to Rs 700 per sq.ft in the 2023 revision. The most recent 2024 revision raised this figure to Rs 770 per sq.ft, marking a 10% increase from the previous year. It is important to note that the register has no figures for this street for the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value increased by 49%, and the overall change from 2017 to 2024 is a substantial 64%. This reflects the evolving landscape of property values in the area.

Guideline values in Mannivakkam

In Mannivakkam, there are 118 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 4,300 per sq.ft. The median guideline value for these streets is Rs 1,215 per sq.ft, placing Indrani Ramachandran Avenue's 2024 figure below this median.

• Indirani Nagar: Rs 990 per sq.ft (2024)
• Jaya Nagar Extension M.G.R. Street: Rs 2,200 per sq.ft (2024)
• Jaya Nagar Extn M.G.R. Street: Rs 2,200 per sq.ft (2024)
• Jayaprakash Nagar: Rs 1,320 per sq.ft (2024)
• Jayaram Avenue: Rs 990 per sq.ft (2024)
• Jeyam Avenue: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Indrani Ramachandran Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total fees together to Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Indrani Ramachandran Avenue?

The Sub Registrar Office that covers Indrani Ramachandran Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mannivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the appropriate fees are collected. This helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Indrani Ramachandran Avenue?

The current guideline value of Indrani Ramachandran Avenue is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 770 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What is the land classification of Indrani Ramachandran Avenue?

Indrani Ramachandran Avenue is classified as Residential Class II Type - I, which indicates its use for residential purposes.

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

For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900 and the registration fee would be Rs 15,400, totaling Rs 69,300.

Which office handles registrations for Indrani Ramachandran Avenue?

The Gooduvancheri Sub Registrar Office handles registrations for Indrani Ramachandran Avenue, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.