Guideline Value for Indira Gandhi Street

Indira Gandhi Street guideline value

The current guideline value of Indira Gandhi Street is Rs 1,500 per sq.ft. This street is located in Vandalur village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Indira Gandhi Street has changed

The guideline value for Indira Gandhi Street has seen several revisions over the years. In 2007, the guideline value was Rs 550 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in the 2012 revision. However, in 2017, the value dropped to Rs 1,005 per sq.ft. The most recent revision in 2023 set the guideline value back to Rs 1,500 per sq.ft.

Between the revisions, there have been notable changes. From 2007 to 2012, the guideline value increased by 173%. However, from 2012 to 2017, there was a decrease of 33%. The jump from 2017 to 2023 saw an increase of 49%. Overall, from 2007 to 2023, the guideline value has increased by 173%.

Guideline values in Vandalur

Currently, there are no specific guideline values provided for other streets in Vandalur under the Gooduvancheri SRO. Indira Gandhi Street's guideline value stands at Rs 1,500 per sq.ft, reflecting the latest revision.

Stamp duty and registration fee for property in Indira Gandhi Street

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Indira Gandhi Street?

The Sub Registrar Office covering Indira Gandhi Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, 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 Vandalur

When buying or selling property in Vandalur, the guideline value serves as a benchmark for determining the registration fees and stamp duty. It is essential to consider the guideline value as it is used to calculate the costs involved in property transactions.

The registration process requires that the property be registered at the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate fees based on the property's value as determined by the guideline register.

Frequently asked questions

What is the current guideline value of Indira Gandhi Street?

The current guideline value of Indira Gandhi Street is Rs 1,500 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and finally returned to Rs 1,500 per sq.ft in 2023.

What is the land classification for Indira Gandhi Street?

The land classification for Indira Gandhi Street is Residential Special Type - I, indicating its suitability for residential purposes.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Indira Gandhi Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,35,000.