Guideline Value for Indira Nagar Annexe

Indira Nagar Annexe guideline value

The current guideline value of Indira Nagar Annexe is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-A village, under the Avadi SRO, and is classified as Residential Class II Type - I.

How the guideline value of Indira Nagar Annexe has changed

In the 2017 revision, the guideline value was set at Rs 603 per sq.ft. This figure saw a significant increase to Rs 1,100 per sq.ft in the 2023 revision, marking an 82% rise. The most recent revision in 2024 increased the value further to Rs 1,200 per sq.ft, resulting in a 9% increase from the previous year. The register has no figure for this street for the years 2002, 2003, 2007, and 2012.

Overall, from 2017 to 2024, the guideline value has increased by 99%, reflecting the changes in the property market over these years.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO carrying a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft, with a median value of Rs 750 per sq.ft. The guideline value for Indira Nagar Annexe is above this median.

• Indira Gandhi St: Rs 440 per sq.ft (2024)
• Indian Steel Roll Mill: Rs 840 per sq.ft (2024)
• I.V.Y Nagar Streets: Rs 1,210 per sq.ft (2024)
• Jaavar Nagar 1st Cross St: Rs 750 per sq.ft (2024)
• Jaavar Nagar 1st Main St: Rs 750 per sq.ft (2024)
• Immath Nagar: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Indira Nagar Annexe

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Indira Nagar Annexe?

The Sub Registrar Office that covers Indira Nagar Annexe is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value is a crucial factor in property transactions in Thiruninravur-A, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with registration regulations.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Indira Nagar Annexe?

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

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 603 per sq.ft to Rs 1,200 per sq.ft in 2024, marking an overall increase of 99%.

What are the stamp duty and registration fees for a property in Indira Nagar Annexe?

The stamp duty for a property valued at Rs 12,00,000 is Rs 84,000, and the registration fee is Rs 24,000, totaling Rs 1,08,000.

Which Sub Registrar Office handles registrations for Indira Nagar Annexe?

The Avadi Sub Registrar Office handles registrations for Indira Nagar Annexe, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the land classification for Indira Nagar Annexe?

Indira Nagar Annexe is classified as Residential Class II Type - I, which indicates its suitability for residential development.