Guideline Value for Indhira Nagar

Indhira Nagar guideline value

The current guideline value of Indhira Nagar, located in Peerklankaranai village, is Rs 2,200 per sq.ft. This value is effective from the 2024 revision and falls under the Residential Special Type - I land classification, managed by the Tambaram Joint 1 SRO.

How the guideline value of Indhira Nagar has changed

The guideline value for Indhira Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,000 per sq.ft, and the most recent 2024 revision raised it further to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value ranging from Rs 880 to Rs 4,400 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value for Indhira Nagar is above this median.

• Imanuel Ist Street: Rs 1,100 per sq.ft (2024)
• Imanuel IInd Street…: Rs 1,100 per sq.ft (2024)
• Imanuel IIIrd Street: Rs 1,100 per sq.ft (2024)
• Irular Part 1st Street: Rs 1,100 per sq.ft (2024)
• Irular Part 2nd Street: Rs 1,100 per sq.ft (2024)
• Irular Part 3rd Street: Rs 1,100 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 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty charged at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Indhira Nagar?

The Indhira Nagar area is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Peerklankaranai. It determines the amount of stamp duty and registration fees that must be paid, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value helps establish a baseline for the transaction value. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Indhira Nagar?

The current guideline value of Indhira Nagar is Rs 2,200 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

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

For a 1,000 sq.ft property at the guideline value of Rs 2,200 per sq.ft, the total guideline value is Rs 22,00,000. The stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

What is the land classification of Indhira Nagar?

Indhira Nagar falls under the Residential Special Type - I land classification, which is important for determining its guideline value.

Where can I find my Sub Registrar Office?

The Tambaram Joint 1 Sub Registrar Office covers Indhira Nagar and is located at No.26, Mes Road, East Tambaram, Chennai-600059. You can find more information by visiting the provided link.