Guideline Value for Indhira Nagar

Indhira Nagar guideline value

The current guideline value of Indhira Nagar, located in Thirupanthiyoor village under the Sunguvarchattram SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class IV Type - I land classification.

How the guideline value of Indhira Nagar has changed

Looking at the historical revisions, the guideline value for Indhira Nagar was Rs 200 per sq.ft in 2012, which then dropped to Rs 134 per sq.ft in 2017. Following this, the value increased significantly to Rs 200 per sq.ft in both 2023 and 2024, showing an overall change of +0% from 2012 to 2024. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2017 to 2023, there was a notable increase of +49%, while the change from 2012 to 2017 was a decrease of -33%. The current guideline value reflects stability in recent years, maintaining the same figure since 2023.

Guideline values in Thirupanthiyoor

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

• Indhira Nagar Main Road: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty is calculated at 7%, which comes to Rs 14,000, and the registration fee at 2% totals Rs 4,000. Therefore, the total cost for stamp duty and registration fee would be Rs 18,000. It is important to 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 precise calculations.

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

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

The guideline value plays a critical role in property transactions in Thirupanthiyoor. It is used as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value as per government regulations.

During the registration process, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that all property transactions are documented accurately and transparently, adhering to legal requirements.

Frequently asked questions

What is the current guideline value of Indhira Nagar?

The current guideline value of Indhira Nagar is Rs 200 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 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, and then back to Rs 200 per sq.ft in 2023 and 2024, reflecting a +49% increase from 2017 to 2023.

What is the median guideline value in Thirupanthiyoor?

The median guideline value in Thirupanthiyoor is Rs 350 per sq.ft, while Indhira Nagar's guideline value is below this median.

What are the stamp duty rates applicable in Indhira Nagar?

The stamp duty rate applicable in Indhira Nagar is 7%, while the registration fee is 2% of the guideline value or the sale price, whichever is higher.

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.