Guideline Value for Indira Gandhi Street

Indira Gandhi Street guideline value

The current guideline value of Indira Gandhi Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Santhavellur_B village, under the Sunguvarchattram SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Indira Gandhi Street has changed

The guideline value for Indira Gandhi Street has remained unchanged at Rs 200 per sq.ft from the 2023 revision to the 2024 revision. Prior to this, the 2017 revision recorded a guideline value of Rs 134 per sq.ft, marking a 49% increase to the 2023 figure.

For the years 2002, 2003, 2007, and 2012, the register has no figure for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Santhavellur_B

In Santhavellur_B, there are 55 streets under the Sunguvarchattram SRO with 2024 guideline values ranging from Rs 200 to Rs 2,000 per sq.ft. The median guideline value in this area is Rs 400 per sq.ft, placing Indira Gandhi Street's 2024 figure below that median.

• JBM Independence nagar: Rs 500 per sq.ft (2024)
• Jothi Nagar: Rs 600 per sq.ft (2024)
• Ganga Garden C: Rs 300 per sq.ft (2024)
• Ganga Garden B: Rs 300 per sq.ft (2024)
• Ganga Garden A: Rs 300 per sq.ft (2024)
• Ganga Garden: Rs 200 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 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total amount Rs 18,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Indira Gandhi Street?

The Sub Registrar Office that covers Indira Gandhi Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Santhavellur_B, as it determines the amount of stamp duty and registration fees that need to be paid. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value serves as a benchmark for the transaction, ensuring that the sale price is in line with the assessed value of the property. This helps maintain transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Indira Gandhi Street?

The current guideline value of Indira Gandhi Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2023 to 2024. It increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023, marking a 49% increase over that period.

What is the classification of Indira Gandhi Street?

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

Where can I find the registration office for Indira Gandhi Street?

The registration office for Indira Gandhi Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for properties in Santhavellur_B?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft property at the current guideline value would incur a total stamp duty of Rs 14,000 at 7%.