Guideline Value for INTHIRA GANDHI NAGAR

Inthira Gandhi Nagar guideline value

The current guideline value of Inthira Gandhi Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Chettipunniyam village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - II.

How the guideline value of Inthira Gandhi Nagar has changed

Inthira Gandhi Nagar has undergone several revisions in its guideline value over the years. The 2012 revision set the value at Rs 700 per sq.ft, which remained unchanged in the 2023 revision. However, the 2017 revision saw a decrease to Rs 469 per sq.ft. This means that from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 700 per sq.ft in 2023.

Looking at the overall changes from 2012 to 2024, the guideline value has remained at Rs 700 per sq.ft. It is important to note that there are no figures available in the register for the years 2002, 2003, and 2007 for this street.

Guideline values in Chettipunniyam

In Chettipunniyam, there are 47 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 4,750 per sq.ft, with a median value of Rs 900 per sq.ft. The guideline value of Inthira Gandhi Nagar is below this median.

• Hygrevar Gardens: Rs 900 per sq.ft (2024)
• Hayagreevar Nagar Phase III - Extension: Rs 900 per sq.ft (2024)
• Hallmark Emerald: Rs 4,750 per sq.ft (2024)
• Jothi Nagar: Rs 700 per sq.ft (2024)
• Jp Hill View Enclave: Rs 1,200 per sq.ft (2024)
• Golden Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Inthira Gandhi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Inthira Gandhi Nagar?

The Sub Registrar Office that covers Inthira Gandhi Nagar 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 Chettipunniyam

The guideline value plays a crucial role in the property registration process in Chettipunniyam. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized value.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as determined by the guideline values set by the Registration Department.

Frequently asked questions

What is the current guideline value of Inthira Gandhi Nagar?

The current guideline value of Inthira Gandhi Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen revisions in 2012, 2017, 2023, and 2024. It was Rs 700 per sq.ft in 2012, decreased to Rs 469 per sq.ft in 2017, returned to Rs 700 per sq.ft in 2023, and remains at Rs 700 per sq.ft in 2024.

What are the other streets in Chettipunniyam with guideline values?

Other streets in Chettipunniyam include Hygrevar Gardens at Rs 900 per sq.ft, Hayagreevar Nagar Phase III - Extension at Rs 900 per sq.ft, Hallmark Emerald at Rs 4,750 per sq.ft, Jothi Nagar at Rs 700 per sq.ft, Jp Hill View Enclave at Rs 1,200 per sq.ft, and Golden Nagar at Rs 1,000 per sq.ft.

What is the stamp duty for property in Inthira Gandhi Nagar?

The stamp duty for property in Inthira Gandhi Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For a plot valued at Rs 7,00,000, the stamp duty would be Rs 49,000.

Which Sub Registrar Office covers Inthira Gandhi Nagar?

The Chengleput Joint II Sub Registrar Office covers Inthira Gandhi Nagar. It is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.