Guideline Value for Indhira Nagar 1st Street

Indhira Nagar 1st Street guideline value

The current guideline value of Indhira Nagar 1st Street is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Perinjampakkam village, under the Sriperumpudur SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Indhira Nagar 1st Street has changed

Over the years, the guideline value of Indhira Nagar 1st Street has seen several revisions. The earliest recorded figure is from 2012, which was Rs 100 per sq.ft. In 2017, this value dropped to Rs 67 per sq.ft, marking a decrease of 33%. However, by the 2023 revision, the value returned to Rs 100 per sq.ft, maintaining this rate through the 2024 revision, which also stands at Rs 100 per sq.ft, reflecting no change from the previous year. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2017 to 2023, there was a significant increase of 49%, bringing the guideline value back to its earlier rate. Overall, comparing the figures from 2012 to 2024, the guideline value has remained unchanged at Rs 100 per sq.ft.

Guideline values in Perinjampakkam

In Perinjampakkam, there are 18 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft. The median value for these streets is Rs 150 per sq.ft, placing Indhira Nagar 1st Street's guideline value below this median.

• Indhira Nagar 2nd Street: Rs 100 per sq.ft (2024)
• Jothibasu Nagar: Rs 500 per sq.ft (2024)
• Krishna Nagar: Rs 200 per sq.ft (2024)
• M.G.R.Cross Street: Rs 100 per sq.ft (2024)
• M.G.R.Nagar: Rs 100 per sq.ft (2024)
• Ashok Avenue: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Indhira Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, while the registration fee at 2% would be Rs 2,000, bringing the total fees to Rs 9,000. 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 1st Street?

The Sub Registrar Office that covers Indhira Nagar 1st Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Perinjampakkam, as it determines the minimum price at which a property can be registered. This value is used by the registration authorities to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the sale price or the guideline value, whichever is higher, will be considered for calculating the applicable duties and fees. This ensures that all transactions are fairly assessed based on the established guideline values.

Frequently asked questions

What is the current guideline value of Indhira Nagar 1st Street?

The current guideline value of Indhira Nagar 1st Street is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft from 2012 to 2024, with a notable decrease to Rs 67 per sq.ft in 2017, followed by an increase back to Rs 100 per sq.ft in 2023.

What is the land classification of Indhira Nagar 1st Street?

Indhira Nagar 1st Street is classified as Residential Class IV Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000 in fees.

Which office handles registrations for Indhira Nagar 1st Street?

The Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone, handles registrations for Indhira Nagar 1st Street.