Guideline Value for Indira Gandhi Street (Senthil Nagar)

Indira Gandhi Street (Senthil Nagar) guideline value

The current guideline value of Indira Gandhi Street (Senthil Nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Special Type - II.

How the guideline value of Indira Gandhi Street (Senthil Nagar) has changed

Over the years, the guideline value of Indira Gandhi Street (Senthil Nagar) has seen several revisions. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,500 per sq.ft, and the current 2024 revision has further increased it to Rs 2,700 per sq.ft. The changes between these revisions include an 8% increase from 2023 to 2024, a significant 49% increase from 2017 to 2023, and a decrease of 33% from 2012 to 2017.

Overall, from the 2012 revision to the current 2024 revision, the guideline value has increased by 8%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, and Indira Gandhi Street (Senthil Nagar) is above this median.

• Indira Nagar: Rs 1,500 per sq.ft (2024)
• Indira Gandhi Nagar (MGR Street): Rs 1,500 per sq.ft (2024)
• Indira Gandhi Nagar (Bakkeri Street): Rs 1,500 per sq.ft (2024)
• Indira Gandhi Nagar (Anna Street): Rs 1,500 per sq.ft (2024)
• Indira Nagar 1st Cross Street: Rs 1,500 per sq.ft (2024)
• Indira Nagar 1st Street: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Indira Gandhi Street (Senthil Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, making the total fees Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Indira Gandhi Street (Senthil Nagar)?

The Sub Registrar Office that covers Indira Gandhi Street (Senthil Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration. Buyers and sellers must be aware of the current guideline value to ensure they comply with the legal requirements during property transactions.

When a property is registered, the guideline value is assessed, and the applicable stamp duty and registration fees are calculated based on this value. It is essential for both parties to understand that the guideline value may differ from the actual sale price, and the higher amount will be used for calculating the duties.

Frequently asked questions

What is the current guideline value of Indira Gandhi Street (Senthil Nagar)?

The current guideline value of Indira Gandhi Street (Senthil Nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What are the other streets in Thirumullaivoyal with their guideline values?

Other streets in Thirumullaivoyal have varying guideline values, with Indira Nagar, Indira Gandhi Nagar (MGR Street), Indira Gandhi Nagar (Bakkeri Street), Indira Gandhi Nagar (Anna Street), Indira Nagar 1st Cross Street, and Indira Nagar 1st Street all valued at Rs 1,500 per sq.ft in 2024.

What is the registration fee for properties in Indira Gandhi Street (Senthil Nagar)?

The registration fee is calculated based on the guideline value, which for a 1,000 sq.ft property at the current rate would be Rs 54,000 at 2% of the guideline value.

Where can I find the Sub Registrar Office for Indira Gandhi Street (Senthil Nagar)?

The Sub Registrar Office covering Indira Gandhi Street (Senthil Nagar) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.