Guideline Value for INDRAPRASTHA

Indraprastha guideline value

The current guideline value of Indraprastha, located in Puthakaram village under the Walajabad SRO, is Rs 200 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Special Type - II land classification.

How the guideline value of Indraprastha has changed

Looking at the historical revisions, the guideline value for Indraprastha saw a significant change from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023, marking a 49% increase. The 2012 revision also listed Rs 200 per sq.ft, indicating a decrease of 33% from the previous value in 2017. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

As of the latest revision in 2024, the guideline value remains unchanged at Rs 200 per sq.ft from the 2023 revision, indicating a 0% change. Overall, comparing the values from 2012 to 2024, there has been no net change, maintaining the guideline value at Rs 200 per sq.ft.

Guideline values in Puthakaram

Puthakaram village has a range of guideline values for its streets, with 10 streets under the Walajabad SRO carrying a 2024 figure from Rs 150 to Rs 300 per sq.ft. The median value for these streets is Rs 200 per sq.ft, which is the same as the guideline value for Indraprastha.

• Harsha Avenue: Rs 200 per sq.ft (2024)
• Nandhavanam: Rs 200 per sq.ft (2024)
• Anboli Nagar: Rs 300 per sq.ft (2024)
• Anandam Nagar: Rs 200 per sq.ft (2024)
• P.J.R Green Lands: Rs 150 per sq.ft (2024)
• Sai Thiruchandur Murugan Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Indraprastha

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Indraprastha?

The Sub Registrar Office that covers Indraprastha is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Puthakaram. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these charges are based on the official valuation of the property.

When buying or selling property, the guideline value helps in determining the minimum value on which the stamp duty is calculated. This means that if the sale price is lower than the guideline value, the duty will be charged on the guideline value instead.

Frequently asked questions

What is the current guideline value of Indraprastha?

The current guideline value of Indraprastha is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2012 to 2024, with a significant increase from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023.

What is the land classification for Indraprastha?

Indraprastha falls under the Residential Special Type - II land classification.

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

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

Where is the Sub Registrar Office for Indraprastha located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.