Guideline Value for Indhira Nagar

Indhira Nagar guideline value

The current guideline value of Indhira Nagar, located in Mudhukoor 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 I Type - I.

How the guideline value of Indhira Nagar has changed

The guideline value for Indhira Nagar has seen several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 150 per sq.ft, which increased to Rs 250 per sq.ft in the 2024 revision, marking a significant change of +67%.

This increase reflects the growing recognition of the area, as the 2024 figure is above the median of Rs 200 per sq.ft for the 29 streets in Mudhukoor under the Sunguvarchattram SRO.

Guideline values in Mudhukoor

In the village of Mudhukoor, the guideline values for various streets range from Rs 200 to Rs 448 per sq.ft, with the median being Rs 200 per sq.ft. Indhira Nagar's 2024 figure of Rs 250 per sq.ft is above this median.

• Green Areena: Rs 200 per sq.ft (2024)
• Kamaraj Nagar: Rs 250 per sq.ft (2024)
• Kizhandai Vedhi: Rs 200 per sq.ft (2024)
• Kulakkarai Street: Rs 250 per sq.ft (2024)
• Lake Side: Rs 250 per sq.ft (2024)
• Lake side Phase-III: Rs 250 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 would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total to Rs 22,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Indhira Nagar?

The Sub Registrar Office covering Indhira Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor during the registration of property transactions in Mudhukoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid to the government.

When buying or selling property, the guideline value ensures that the transaction is registered at a fair value, which helps in maintaining transparency in property dealings. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

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 for Indhira Nagar was Rs 150 per sq.ft in 2023, which increased to Rs 250 per sq.ft in 2024. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Indhira Nagar?

Indhira Nagar is classified as Residential Class I Type - I, indicating its suitability for residential developments.

What are the guideline values for other streets in Mudhukoor?

The guideline values for other streets in Mudhukoor range from Rs 200 to Rs 448 per sq.ft, with the median being Rs 200 per sq.ft. Streets such as Kamaraj Nagar and Kulakkarai Street also have a guideline value of Rs 250 per sq.ft in 2024.

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

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