Guideline Value for INIDIRAJAN (N)

Inidirajan (N) guideline value

The current guideline value of Inidirajan (N), located in Peramanoor village under the Chengleput Joint II SRO, is Rs 661 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - III.

How the guideline value of Inidirajan (N) has changed

Over the years, the guideline value of Inidirajan (N) has undergone several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 402 per sq.ft, marking a decline of 33%. The value then increased to Rs 600 per sq.ft in the 2023 revision, followed by the most recent increase to Rs 661 per sq.ft in the 2024 revision, reflecting a rise of 10%.

From 2017 to 2023, the value rose by 49%, and the overall change from the 2012 revision to the 2024 revision shows a slight increase of 10%. It is important to note that the guideline register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Inidirajan (N) below that median.

• Indra Nagar Nehru Street (Ward -19): Rs 550 per sq.ft (2024)
• It Avenue (N): Rs 990 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)
• 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 661 per sq.ft, the total guideline value amounts to Rs 6,61,000. The stamp duty at 7% would be Rs 46,270, and the registration fee at 2% would be Rs 13,220, leading to a total cost of Rs 59,490. 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 Inidirajan (N)?

The Sub Registrar Office that covers Inidirajan (N) 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 the registration process of property transactions in Peramanoor. It is used to calculate the stamp duty and registration fees that must be paid when transferring property ownership.

When buying or selling property, the guideline value ensures that the transaction is documented at a standard value, which helps maintain transparency and accountability in real estate transactions. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

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

The current guideline value of Inidirajan (N) is Rs 661 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023, and finally to Rs 661 per sq.ft in 2024.

What is the land classification for Inidirajan (N)?

The land classification for Inidirajan (N) is Residential Class I Type - III.

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

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Inidirajan (N)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 661 per sq.ft incurs a total guideline value of Rs 6,61,000, leading to a stamp duty of Rs 46,270.