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_C village under the Sunguvarchattram SRO, 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 undergone several revisions over the years. The most recent revision in 2024 maintains the value at Rs 200 per sq.ft, which is the same as the 2023 revision. Prior to this, the 2017 revision recorded a guideline value of Rs 134 per sq.ft, marking a 49% increase from 2017 to 2023.

It is important to note that the register has no figures for the years 2012, 2007, 2003, and 2002 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Santhavellur_C

In Santhavellur_C, there are 52 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft. The median value for these streets is Rs 350 per sq.ft, placing Indira Gandhi Street's 2024 figure below this 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 amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value and 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 Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor when registering property transactions in Santhavellur_C. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value helps ensure that the transaction is recorded at a fair value, which is crucial for legal and taxation purposes. Buyers and sellers should be aware of the guideline value to understand their financial obligations 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 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, while it increased from Rs 134 per sq.ft in 2017 to 2023, marking a 49% rise.

What is the classification of Indira Gandhi Street?

Indira Gandhi Street is classified as Residential Class IV Type - I.

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

For a 1,000 sq.ft property at the current guideline value, the total fees would be Rs 18,000, which includes Rs 14,000 for stamp duty and Rs 4,000 for registration fees.

Which office handles registrations for Indira Gandhi Street?

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