Guideline Value for INIDIRAJAN (N)

Inidirajan (N) guideline value

The current guideline value of Inidirajan (N) in Kattankollatur village is Rs 660 per sq.ft, effective from 1 July 2024. This area falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - III.

How the guideline value of Inidirajan (N) has changed

The guideline value for Inidirajan (N) has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 660 per sq.ft, which is an increase from Rs 600 per sq.ft in 2023, reflecting a change of +10%. The previous revision in 2017 had the value at Rs 402 per sq.ft, marking a significant increase of +49% to the 2023 figure. The 2012 revision also recorded a value of Rs 600 per sq.ft, but this represented a decrease of -33% from the 2017 value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by +10%. The 2024 figure of Rs 660 per sq.ft is notably below the median value of Rs 1,100 per sq.ft for the 453 streets in Kattankollatur under the Chengleput Joint II SRO.

Guideline values in Kattankollatur

Kattankollatur has a range of guideline values across its streets, with the 2024 figures varying from Rs 440 to Rs 3,612 per sq.ft. Here are some of the other streets in Kattankollatur:

• Indra Nagar Nehru Street (Ward -19): Rs 440 per sq.ft (2024)
• It Avenue (N): Rs 990 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)
• Imayavaramban Street (Ward -4): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Inidirajan (N)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees to Rs 59,400. 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 Inidirajan (N)?

The Inidirajan (N) area is covered by 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 Kattankollatur

The guideline value plays a crucial role in property transactions in Kattankollatur. It serves as a benchmark for determining the minimum value of properties during registration. Buyers and sellers must consider this value to ensure compliance with local regulations and accurate tax calculations.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values in the area.

Frequently asked questions

What is the current guideline value of Inidirajan (N)?

The current guideline value of Inidirajan (N) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with the 2024 figure being Rs 660 per sq.ft, up from Rs 600 per sq.ft in 2023, and Rs 402 per sq.ft in 2017. The value has seen a +10% increase from 2023 to 2024 and a +49% increase from 2017 to 2023.

What is the median guideline value for streets in Kattankollatur?

The median guideline value for streets in Kattankollatur is Rs 1,100 per sq.ft. The guideline value for Inidirajan (N) is below this median.

What are the stamp duty and registration fees for a property in Inidirajan (N)?

For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 and the registration fee would be Rs 13,200, totaling Rs 59,400. These fees are calculated based on the guideline value.

Where can I find the Sub Registrar Office for Inidirajan (N)?

The Chengleput Joint II Sub Registrar Office covers Inidirajan (N) and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details online.