Guideline Value for Indira Nagar 2nd Street 6th Cross Street

Indira Nagar 2nd Street 6th Cross Street guideline value

The current guideline value of Indira Nagar 2nd Street 6th Cross Street is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village and falls under the Ambattur SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Indira Nagar 2nd Street 6th Cross Street has changed

The guideline value for Indira Nagar 2nd Street 6th Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,400 per sq.ft, which remained unchanged in the 2023 revision. However, the 2024 revision increased the value to Rs 1,500 per sq.ft, marking a 7% increase from the previous year.

Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 7%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 2,400 per sq.ft. The guideline value for Indira Nagar 2nd Street 6th Cross Street is below this median.

• Indira Nagar 2nd Street 5th 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 3rd 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 1st 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 6th 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 would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total cost for these fees 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 6th Cross Street?

The Sub Registrar Office that covers Indira Nagar 2nd Street 6th Cross Street is 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 is a critical factor during the registration of property transactions in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is legally recognized and recorded. 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 for Indira Nagar 2nd Street 6th Cross Street?

The current guideline value for Indira Nagar 2nd Street 6th 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 total increase of 7% over this period.

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

For a 1,000 sq.ft plot, the total guideline value is 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.

Which office handles property registration in this area?

The Ambattur Sub Registrar Office handles property registration for Indira Nagar 2nd Street 6th Cross Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification for this street?

The land classification for Indira Nagar 2nd Street 6th Cross Street is Residential Class III Type - II, indicating its use for residential purposes.