Guideline Value for Indira Gandhi Salai

Indira Gandhi Salai guideline value

The current guideline value of Indira Gandhi Salai is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Periyakuppam village under the Tiruvallur Joint 1 SRO, classified as Residential Class I Type - III.

How the guideline value of Indira Gandhi Salai has changed

The guideline value of Indira Gandhi Salai has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 250 per sq.ft. This increased to Rs 1,000 per sq.ft in 2012, but then decreased to Rs 670 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 1,000 per sq.ft, and the most recent revision in 2024 set the value at Rs 1,100 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%, and from 2012 to 2017, it decreased by 33%. The significant jump from 2007 to 2012 was a 300% increase, leading to an overall increase of 340% from 2007 to 2024.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO with a guideline value for 2024 ranging from Rs 550 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which matches the guideline value of Indira Gandhi Salai.

• Indira Nagar: Rs 879 per sq.ft (2024)
• Ingarsal Street: Rs 1,100 per sq.ft (2024)
• Heraram Street: Rs 1,100 per sq.ft (2024)
• Jagageevan Ram Street: Rs 2,200 per sq.ft (2024)
• Hare Ram Nagar: Rs 1,320 per sq.ft (2024)
• Jagan Nathan Nagar: Rs 879 per sq.ft (2024)

Stamp duty and registration fee for property in Indira Gandhi Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty, charged at 7%, amounts to Rs 77,000, while the registration fee at 2% is Rs 22,000, bringing the total fees to Rs 99,000. 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 information.

Which Sub Registrar Office covers Indira Gandhi Salai?

The Indira Gandhi Salai falls under the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more details.

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

The guideline value is an essential factor when registering property transactions in Periyakuppam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When a property is sold or bought, the guideline value is used to calculate the applicable duties and fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Indira Gandhi Salai?

The current guideline value of Indira Gandhi Salai is Rs 1,100 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 2007 to Rs 1,100 per sq.ft in 2024, showing an overall increase of 340% over this period.

What is the stamp duty rate for property in Indira Gandhi Salai?

The stamp duty rate for property transactions in Indira Gandhi Salai is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Indira Gandhi Salai?

The Sub Registrar Office covering Indira Gandhi Salai is the Tiruvallur Joint 1 SRO, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What are the guideline values of other streets in Periyakuppam?

Other streets in Periyakuppam have varying guideline values, with rates ranging from Rs 550 to Rs 3,300 per sq.ft, with the median being Rs 1,100 per sq.ft.