Guideline Value for Indhira Nagar 2nd Street

Indhira Nagar 2nd Street guideline value

The current guideline value of Indhira Nagar 2nd Street is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Perinjampakkam village under the Sriperumpudur SRO, classified as Residential Class IV Type - I.

How the guideline value of Indhira Nagar 2nd Street has changed

Looking at the revisions, the guideline value for Indhira Nagar 2nd Street was Rs 100 per sq.ft in both the 2023 and 2024 revisions. Prior to that, in the 2017 revision, it was Rs 67 per sq.ft, indicating a 49% increase from 2017 to 2023. The 2012 revision also recorded a rate of Rs 100 per sq.ft, showing a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 100 per sq.ft.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

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 2nd Street's 2024 figure below that median.

• Indhira Nagar 1st 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 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Indhira Nagar 2nd Street?

The Sub Registrar Office covering Indhira Nagar 2nd Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Perinjampakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This ensures that the government receives the appropriate revenue from property sales.

During the registration process, the guideline value is compared with the sale price of the property. The higher of the two values is used to calculate the applicable duties and fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Indhira Nagar 2nd Street?

The current guideline value of Indhira Nagar 2nd 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 seen changes from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2023 and 2024. There was a decrease from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017.

What is the median guideline value of streets in Perinjampakkam?

The median guideline value of streets in Perinjampakkam is Rs 150 per sq.ft, with Indhira Nagar 2nd Street's value being below this median.

What are the registration fees for property transactions?

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. These fees are calculated based on the higher of the guideline value and the sale price.

Where can I find the Sub Registrar Office for Indhira Nagar 2nd Street?

The Sub Registrar Office for Indhira Nagar 2nd Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.