Guideline Value for Indira Gandhi Street

Indira Gandhi Street guideline value

The current guideline value of Indira Gandhi Street is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Karasangal village, under the Sriperumpudur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Indira Gandhi Street has changed

The guideline value for Indira Gandhi Street has remained stable at Rs 250 per sq.ft from the 2023 revision through to the 2024 revision, showing no change. In the previous revisions, the value was Rs 250 per sq.ft in 2012, which was a decrease of 33% from Rs 167 per sq.ft in 2017. Overall, from 2012 to 2024, the guideline value has not changed.

Prior to 2012, the register has no figure for this street in the revisions of 2002, 2003, and 2007. The significant increase of 50% from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023 marked a notable change in the guideline value.

Guideline values in Karasangal

In Karasangal, there are 59 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 100 to Rs 3,550 per sq.ft. The median guideline value in this area is Rs 402 per sq.ft, placing Indira Gandhi Street's 2024 figure below that median.

• GSN Nagar: Rs 600 per sq.ft (2024)
• Jjs Shrivari Nilayam: Rs 2,200 per sq.ft (2024)
• Kakkanji street: Rs 100 per sq.ft (2024)
• Kalanijar Street: Rs 250 per sq.ft (2024)
• Elumalai Nayagar Street: Rs 250 per sq.ft (2024)
• Dr. Ramdoss 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 rate of Rs 250 per sq.ft, the guideline value would be Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, making a total of Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, 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 information.

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

The guideline value is a crucial factor in the registration process of property transactions in Karasangal. It determines the base value on which stamp duty and registration fees are calculated, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, both parties must consider the guideline value to understand the financial implications of the transaction. This value serves as a benchmark for the official documentation required 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 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Indira Gandhi Street has remained at Rs 250 per sq.ft from 2023 to 2024. It was Rs 250 in 2012 and increased from Rs 167 in 2017 to Rs 250 in 2023, showing a 50% increase during that period.

What is the land classification of Indira Gandhi Street?

Indira Gandhi Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes within the area.

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

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

How is the stamp duty calculated for properties in Karasangal?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 at a rate of 7%.