Guideline Value for Indhira Gandhi Nagar

Indhira Gandhi Nagar guideline value

The current guideline value of Indhira Gandhi Nagar is Rs 600 per sq.ft, effective from the 2024 revision. This area is located in Kavanur village, under the Gooduvancheri SRO, and is classified as Residential Class I Type - I.

How the guideline value of Indhira Gandhi Nagar has changed

Over the years, the guideline value for Indhira Gandhi Nagar has seen several revisions. The 2007 revision set the value at Rs 150 per sq.ft, which rose significantly to Rs 600 per sq.ft in the 2012 revision. However, this value was adjusted downwards to Rs 402 per sq.ft in 2017. The most recent revisions in 2023 and 2024 have maintained the guideline value at Rs 600 per sq.ft, showing no change from the previous year.

From 2017 to 2023, there was a notable increase of 49%, while the 2012 to 2017 period saw a decrease of 33%. The increase from the 2007 to 2012 revision was substantial, at 300%. Overall, from 2007 to 2024, the guideline value has increased by 300%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Kavanur

Kavanur has a total of 109 streets under the Gooduvancheri SRO, with the 2024 guideline values ranging from Rs 500 to Rs 2,239 per sq.ft. The median value for these streets is Rs 800 per sq.ft, placing Indhira Gandhi Nagar's 2024 figure below that median.

• Guru Ramesh Nagar: Rs 700 per sq.ft (2024)
• Gunguni Amman Kovil Theru: Rs 600 per sq.ft (2024)
• Jayam Nagar: Rs 700 per sq.ft (2024)
• Green Garden-I,II,III,IV: Rs 800 per sq.ft (2024)
• Green Garden: Rs 800 per sq.ft (2024)
• G.P Avenue: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Indhira Gandhi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, while the registration fee at 2% would be Rs 12,000. Together, the total cost for these fees would be Rs 54,000. It is essential to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Indhira Gandhi Nagar?

The Sub Registrar Office that covers Indhira Gandhi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kavanur. It is the basis on which stamp duty and registration fees are calculated, ensuring that both the buyer and seller are aware of the official property value recognized by the government.

When a property transaction occurs, the guideline value is compared to the sale price. The higher of the two values is used to determine the applicable stamp duty and registration fees, ensuring compliance with legal requirements. This process helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Indhira Gandhi Nagar?

The current guideline value of Indhira Gandhi Nagar is Rs 600 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most significant increase occurring from Rs 150 per sq.ft in 2007 to Rs 600 per sq.ft in 2012. From 2017 to 2023, it increased by 49%, but has remained stable at Rs 600 per sq.ft since then.

What is the median guideline value in Kavanur?

The median guideline value for the 109 streets in Kavanur under the Gooduvancheri SRO is Rs 800 per sq.ft. Indhira Gandhi Nagar's current value is below this median.

What are the stamp duty and registration fees for property in Indhira Gandhi Nagar?

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Indhira Gandhi Nagar?

The Gooduvancheri Sub Registrar Office handles registrations for Indhira Gandhi Nagar. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.