Guideline Value for INIDIRAJAN (N)

Inidirajan (N) guideline value

The current guideline value for Inidirajan (N) in Sattamangalam village is Rs 660 per sq.ft, effective from 1 July 2024. This property 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 undergone several revisions over the years. The earliest available figure is from the 2012 revision, which was Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in the 2017 revision. The 2023 revision saw an increase to Rs 600 per sq.ft, and the most recent revision in 2024 has set the guideline value at Rs 660 per sq.ft, marking a 10% increase from the previous year.

In summary, the changes between revisions show a significant increase of 49% from 2017 to 2023, while there was a decline of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO with a 2024 guideline value range from Rs 440 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, indicating that the guideline value for Inidirajan (N) is below this median.

• 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 660 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, resulting in a total of Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

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, Chengalpattu registration zone. You can find your SRO for additional details.

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

The guideline value plays a crucial role in property transactions in Sattamangalam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This value is set by the government and reflects the minimum value at which properties can be registered.

When selling property, the guideline value can influence the sale price, as it serves as a benchmark for both buyers and sellers. It is essential for buyers to be aware of the guideline value to ensure they are making informed decisions during the property transaction process.

Frequently asked questions

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

The current guideline value for 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 from Rs 600 in 2012 to Rs 402 in 2017, then back to Rs 600 in 2023, and finally to Rs 660 in 2024. The most significant change was a 49% increase from 2017 to 2023.

What is the land classification for Inidirajan (N)?

Inidirajan (N) is classified as Residential Class I Type - III according to the guideline value register.

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.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 6,60,000, the stamp duty at 7% would be Rs 46,200.