Guideline Value for Indhira Nagar (Extn)

Indhira Nagar (Extn) guideline value

The current guideline value of Indhira Nagar (Extn) is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Orathur village, under the Gooduvancheri SRO, and is classified as Mixed Type - I land.

How the guideline value of Indhira Nagar (Extn) has changed

The guideline value of Indhira Nagar (Extn) has undergone several revisions over the years. The 2007 revision set the value at Rs 250 per sq.ft, which increased to Rs 400 per sq.ft in 2012, marking a 60% rise. The value remained at Rs 400 per sq.ft until the 2023 revision, where it was updated to Rs 700 per sq.ft, reflecting a 75% increase. The current 2024 revision has kept the value unchanged at Rs 700 per sq.ft, indicating no change from the previous year.

Between the 2007 and 2024 revisions, the guideline value has increased by a total of 180%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2017 for this street.

Guideline values in Orathur

In Orathur village, there are 80 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 335 to Rs 1,700 per sq.ft. The median guideline value for these streets is Rs 500 per sq.ft, placing Indhira Nagar (Extn) above this median at Rs 700 per sq.ft.

• Indhira Nagar Part-II & III: Rs 700 per sq.ft (2024)
• Indira Nagar Extn Part-I: Rs 700 per sq.ft (2024)
• Grace Nagar Extn: Rs 500 per sq.ft (2024)
• Grace Nagar: Rs 400 per sq.ft (2024)
• Jemi J.P Green Garden: Rs 500 per sq.ft (2024)
• G K Nagar: Rs 335 per sq.ft (2024)

Stamp duty and registration fee for property in Indhira Nagar (Extn)

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty is charged at 7%, totaling Rs 49,000, while the registration fee is 2%, amounting to Rs 14,000. Therefore, the total cost for stamp duty and registration fees would be Rs 63,000. 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 Indhira Nagar (Extn)?

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

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

The guideline value plays a crucial role during the registration process when buying or selling property in Orathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is officially recognized by the authorities.

When a property is sold, the guideline value is compared against the sale price, and the higher of the two is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Indhira Nagar (Extn)?

The current guideline value of Indhira Nagar (Extn) is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 250 per sq.ft in 2007 to Rs 700 per sq.ft in 2024, marking an overall increase of 180% over the years.

What are the stamp duty and registration fees for property in Indhira Nagar (Extn)?

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000, and the registration fee would be Rs 14,000, totaling Rs 63,000. These fees are calculated based on the higher of the guideline value or the sale price.

Which office handles registrations for Indhira Nagar (Extn)?

The Gooduvancheri Sub Registrar Office handles registrations for Indhira Nagar (Extn), located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Are there other streets with similar guideline values in Orathur?

Yes, there are several other streets in Orathur with guideline values similar to Indhira Nagar (Extn). Some of these streets include Indhira Nagar Part-II & III and Indira Nagar Extn Part-I, both valued at Rs 700 per sq.ft in 2024.