Guideline Value for Indhira Nagar Main Road

Indhira Nagar Main Road guideline value

The current guideline value of Indhira Nagar Main Road is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Thirupanthiyoor village, under the Sunguvarchattram SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Indhira Nagar Main Road has changed

The guideline value for Indhira Nagar Main Road has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 134 per sq.ft. However, from 2017 to 2023, the value increased by 49% back to Rs 200 per sq.ft, and the 2024 revision has kept it at Rs 200 per sq.ft, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, when comparing the 2012 revision to the current 2024 value, there has been a 0% change.

Guideline values in Thirupanthiyoor

In Thirupanthiyoor, there are 53 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 200 to Rs 900 per sq.ft, where the median is Rs 350 per sq.ft. The guideline value for Indhira Nagar Main Road is below this median.

• Indhira Nagar: Rs 200 per sq.ft (2024)
• Ideal Form And Resorts: Rs 200 per sq.ft (2024)
• Hemanth Nagar: Rs 200 per sq.ft (2024)
• Jpv Forms: Rs 200 per sq.ft (2024)
• Gandhi Nagar: Rs 400 per sq.ft (2024)
• Fathima Street: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Indhira Nagar Main Road

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Indhira Nagar Main Road?

The Sub Registrar Office covering Indhira Nagar Main Road is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Thirupanthiyoor, as it determines the minimum value at which properties can be registered. Buyers and sellers use this value to ensure that the transaction is compliant with local regulations.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Indhira Nagar Main Road?

The current guideline value of Indhira Nagar Main Road is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2012 to 2024, with a decrease to Rs 134 per sq.ft in 2017, followed by an increase back to Rs 200 per sq.ft in 2023.

What is the classification of land on Indhira Nagar Main Road?

The land classification for Indhira Nagar Main Road is Residential Class IV Type - I.

Where can I find the Sub Registrar Office for Indhira Nagar Main Road?

The Sub Registrar Office for Indhira Nagar Main Road is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Thirupanthiyoor?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property with a guideline value of Rs 2,00,000 would incur a stamp duty of Rs 14,000 at 7%.