Guideline Value for Indira Gandhi Street

Indira Gandhi Street guideline value

The current guideline value of Indira Gandhi Street is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Irunkattukottai village under the Sriperumpudur SRO, classified as Residential Class III 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. The most recent revision in 2024 maintains the value at Rs 400 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 268 per sq.ft, marking a significant increase of 49% from 2017 to 2023. The 2012 revision also set the value at Rs 400 per sq.ft, but this was a decrease of 33% from the 2012 figure to the 2017 figure.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value remains unchanged at Rs 400 per sq.ft.

Guideline values in Irunkattukottai

In Irunkattukottai village, there are 56 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 1,250 per sq.ft. The median value is Rs 400 per sq.ft, which is equal to the guideline value of Indira Gandhi Street.

• Jayendrar Avenue Part-II: Rs 750 per sq.ft (2024)
• Grama Bajanai Koil Street: Rs 600 per sq.ft (2024)
• Jeyanthirer Avenue: Rs 750 per sq.ft (2024)
• J.S.R. Nagar: Rs 250 per sq.ft (2024)
• Kajalakshmi Nagar: Rs 400 per sq.ft (2024)
• Kalaignar Street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Indira Gandhi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty is charged at 7%, which totals Rs 28,000, and the registration fee is charged at 2%, amounting to Rs 8,000. Together, the total fees would be Rs 36,000. 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?

The Sub Registrar Office that covers Indira Gandhi Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Irunkattukottai. It serves as a basis for calculating the stamp duty and registration fees when buying or selling property. Buyers must be aware that the guideline value is used to determine the official value of the property for registration purposes.

When a property is sold, the guideline value ensures that the transaction is recorded accurately and fairly. It helps maintain transparency in property dealings and is essential for legal documentation during the registration process.

Frequently asked questions

What is the current guideline value of Indira Gandhi Street?

The current guideline value of Indira Gandhi Street is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft from 2012 to 2024, with a significant increase of 49% from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023.

What is the land classification for Indira Gandhi Street?

Indira Gandhi Street is classified as Residential Class III Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property on this street?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a property valued at Rs 4,00,000, the total fees would amount to Rs 36,000.

Which office handles registrations for Indira Gandhi Street?

The Sriperumpudur Sub Registrar Office handles registrations for Indira Gandhi Street, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.