Guideline Value for Indira Nagar 1st Cross Street

Indira Nagar 1st Cross Street guideline value

The current guideline value of Indira Nagar 1st Cross Street is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class III Type - II.

How the guideline value of Indira Nagar 1st Cross Street has changed

In the 2012 revision, the guideline value was set at Rs 1,400 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 1,400 per sq.ft. However, in the 2024 revision, the guideline value increased by 7% to Rs 1,500 per sq.ft.

There are no recorded figures for the years 2002, 2003, 2007, and 2017 for this street. Overall, from 2012 to 2024, the guideline value has increased by 7%.

Guideline values in Thirumullaivoyal

Thirumullaivoyal has a total of 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, which means that the 2024 figure for Indira Nagar 1st Cross Street is below this median.

• Indira Nagar 1st Street: Rs 1,500 per sq.ft (2024)
• Indira Nagar 2nd Street: Rs 1,500 per sq.ft (2024)
• Indira Nagar: Rs 1,500 per sq.ft (2024)
• Indira Nagar 2nd Street 1st Cross Street: Rs 1,500 per sq.ft (2024)
• Indira Nagar 2nd Street 2nd Cross Street: Rs 1,500 per sq.ft (2024)
• Indira Nagar 2nd Street 3rd Cross Street: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Indira Nagar 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value is Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total cost to Rs 1,35,000. Note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Indira Nagar 1st Cross Street?

The Indira Nagar 1st Cross Street falls under the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process for property transactions in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value must be considered, as it influences the overall costs involved in the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price, which can significantly impact the total expenses incurred during the purchase.

Frequently asked questions

What is the current guideline value of Indira Nagar 1st Cross Street?

The current guideline value of Indira Nagar 1st Cross Street is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2012 to Rs 1,500 per sq.ft in 2024, marking a 7% increase. There were no recorded figures for the years 2002, 2003, 2007, and 2017 for this street.

What is the land classification of Indira Nagar 1st Cross Street?

Indira Nagar 1st Cross Street is classified as Residential Class III Type - II.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000, totaling Rs 1,35,000. The duty is charged on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Indira Nagar 1st Cross Street located?

The Sub Registrar Office covering Indira Nagar 1st Cross Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone.