Guideline Value for Indhira Nagar Part-II & III

Indhira Nagar Part-II & III guideline value

The current guideline value of Indhira Nagar Part-II & III 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 Part-II & III has changed

The guideline value for Indhira Nagar Part-II & III has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased to Rs 400 per sq.ft in 2012, marking a 100% increase. The value remained at Rs 400 per sq.ft until the 2023 revision, which also set it at Rs 700 per sq.ft, indicating a 75% increase from the previous revision. The current value of Rs 700 per sq.ft, effective from 1 July 2024, shows no change from the 2023 revision.

There are no figures available in the register for the years 2002, 2003, and 2017 for this street. Overall, from 2007 to 2024, the guideline value has increased by 250%.

Guideline values in Orathur

In Orathur village, there are a total of 80 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 335 to Rs 1,700 per sq.ft, with a median value of Rs 500 per sq.ft. Indhira Nagar Part-II & III's guideline value of Rs 700 per sq.ft is above this median.

• Indhira Nagar (Extn): 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 Part-II & III

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 at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Indhira Nagar Part-II & III?

The Sub Registrar Office that covers Indhira Nagar Part-II & III 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 information.

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

The guideline value plays a crucial role during the registration of property transactions in Orathur. When a property is sold or purchased, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as per government regulations.

It is important for buyers and sellers to be aware of the guideline value as it directly impacts the overall costs associated with property transactions. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Indhira Nagar Part-II & III?

The current guideline value of Indhira Nagar Part-II & III 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 200 per sq.ft in 2007 to Rs 700 per sq.ft in 2024, marking an overall increase of 250% over the years.

What is the land classification for Indhira Nagar Part-II & III?

Indhira Nagar Part-II & III is classified as Mixed Type - I land.

Where can I find the registration office for Indhira Nagar Part-II & III?

The registration office for Indhira Nagar Part-II & III is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Indhira Nagar Part-II & III?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 at 7%.