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_B village, under the Sriperumpudur SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Indira Gandhi Street has changed

The guideline value for Indira Gandhi Street has undergone several revisions over the years. The 2017 revision set the value at Rs 268 per sq.ft, which remained unchanged in the 2023 revision at Rs 400 per sq.ft. The latest revision in 2024 also maintains this value at Rs 400 per sq.ft, reflecting a 49% increase from the 2017 figure. Notably, there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012.

From the 2017 to 2023 revision, the guideline value increased by 49%. However, there has been no change in the value from 2023 to 2024, resulting in a 0% change during that period. Overall, from 2017 to 2024, the guideline value increased by 49%.

Guideline values in Irunkattukottai_B

In Irunkattukottai_B village, there are 54 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 1,200 per sq.ft. The median value for these streets 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, charged at 7%, would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, resulting in a total of Rs 36,000 for both fees. 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_B

When buying or selling property in Irunkattukottai_B, the guideline value is a crucial factor during the registration process. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

The guideline value is used to ensure that the property is assessed at a fair value for taxation purposes. Buyers and sellers must be aware of this value to understand the financial implications of their property transactions.

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 2023 to 2024, while it increased by 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.

What are the stamp duty rates applicable?

The stamp duty applicable on property transactions in Indira Gandhi Street is 7% of the guideline value or sale price, whichever is higher.

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

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