Guideline Value for Indhira Nagar

Indhira Nagar guideline value

The current guideline value of Indhira Nagar in Maathoor village is Rs 250 per sq.ft, effective from 1 July 2024. This area falls under the Sunguvarchattram SRO and is classified as Residential Class III Type - I.

How the guideline value of Indhira Nagar has changed

The guideline value for Indhira Nagar has seen several revisions over the years. In 2012, the value was set at Rs 250 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 167 per sq.ft. The value then increased by 50% to Rs 250 per sq.ft in the 2023 revision. The 2024 revision maintains this figure at Rs 250 per sq.ft, reflecting a 0% change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 250 per sq.ft.

Guideline values in Maathoor

In Maathoor, there are 47 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 2,687 per sq.ft, with a median value of Rs 500 per sq.ft. The guideline value for Indhira Nagar is below this median.

• Green Acres Layout: Rs 1,000 per sq.ft (2024)
• Green Acres IV: Rs 2,687 per sq.ft (2024)
• Green Acres II Layout: Rs 2,687 per sq.ft (2024)
• Green Acers III: Rs 2,687 per sq.ft (2024)
• Kabilar Street: Rs 500 per sq.ft (2024)
• Kalaivani Street: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Indhira Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. The duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Indhira Nagar?

The Sub Registrar Office that covers Indhira Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial element in property transactions in Maathoor, as it determines the minimum value at which a property can be registered. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees that are applicable during the registration process.

It is essential for buyers and sellers to be aware of the guideline value, as it impacts the overall cost of the transaction. Ensuring compliance with the guideline value helps in smooth registration and legal proceedings related to property ownership.

Frequently asked questions

What is the current guideline value of Indhira Nagar?

The current guideline value of Indhira Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then back to Rs 250 per sq.ft in 2023 and 2024.

What is the land classification of Indhira Nagar?

Indhira Nagar is classified as Residential Class III Type - I.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 2,50,000, with stamp duty at Rs 17,500 and registration fee at Rs 5,000, totaling Rs 22,500.

Where is the Sub Registrar Office for Indhira Nagar located?

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