Guideline Value for Indira Nagar 2nd Street 2nd Cross Street

Indira Nagar 2nd Street 2nd Cross Street guideline value

The current guideline value for Indira Nagar 2nd Street 2nd 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, and is classified as Residential Class III Type - II.

How the guideline value of Indira Nagar 2nd Street 2nd Cross Street has changed

In the 2012 revision, the guideline value was Rs 1,400 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 1,500 per sq.ft, marking a 7% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 7%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2017 in the register for this street.

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 for these streets is Rs 2,400 per sq.ft, placing the guideline value of Indira Nagar 2nd Street 2nd Cross Street below this median.

• Indira Nagar 2nd Street 1st Cross Street: Rs 1,500 per sq.ft (2024)
• Indira Nagar 2nd Street 3rd Cross Street: Rs 1,500 per sq.ft (2024)
• Indira Nagar 2nd Street 4th Cross Street: Rs 1,500 per sq.ft (2024)
• Indira Nagar 2nd Street 5th Cross Street: Rs 1,500 per sq.ft (2024)
• Indira Nagar 2nd Street 6th Cross Street: Rs 1,500 per sq.ft (2024)
• Indira Nagar 2nd Street: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Indira Nagar 2nd Street 2nd 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 amounts to 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 to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Indira Nagar 2nd Street 2nd Cross Street?

The Indira Nagar 2nd Street 2nd 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. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Thirumullaivoyal. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is considered alongside the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the transaction adheres to the legal requirements set by the authorities.

Frequently asked questions

What is the current guideline value for Indira Nagar 2nd Street 2nd Cross Street?

The current guideline value for Indira Nagar 2nd Street 2nd 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 increased from Rs 1,400 per sq.ft in 2012 to Rs 1,500 per sq.ft in 2024, marking a 7% increase. There was no change in the value from 2012 to 2023.

What is the land classification for this street?

Indira Nagar 2nd Street 2nd Cross Street is classified as Residential Class III Type - II.

What are the stamp duty and registration fees for properties here?

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

Which office handles registrations for Indira Nagar 2nd Street 2nd Cross Street?

The Ambattur Sub Registrar Office handles registrations for Indira Nagar 2nd Street 2nd Cross Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone.