Guideline Value for Indira Nagar Extention 1st Street

Indira Nagar Extention 1st Street guideline value

The current guideline value of Indira Nagar Extention 1st Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Puthagaram village under the Ambattur SRO, classified as Residential Class II Type - II.

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

The guideline value for Indira Nagar Extention 1st Street has undergone several revisions. The most recent revision in 2024 set the value at Rs 3,800 per sq.ft, an increase from Rs 3,500 per sq.ft in 2023, marking a change of +9%. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002.

Prior to the 2023 revision, the guideline value was Rs 3,500 per sq.ft, which was the only figure available since the register has no figures for the aforementioned years. The consistent increase in guideline values reflects the latest adjustments made by the Registration Department.

Guideline values in Puthagaram

Puthagaram village has a total of 140 streets under the Ambattur SRO, with guideline values ranging from Rs 1,200 to Rs 3,800 per sq.ft. The median guideline value in this area is Rs 1,900 per sq.ft, placing Indira Nagar Extention 1st Street's 2024 figure above this median.

• Indira Nagar extention: Rs 2,201 per sq.ft (2024)
• Indira Nagar: Rs 2,201 per sq.ft (2024)
• Jagadees nagar: Rs 1,600 per sq.ft (2024)
• Janagiram Nagar: Rs 1,600 per sq.ft (2024)
• G.S.naidu Nagar: Rs 1,300 per sq.ft (2024)
• Grist Nagar: Rs 1,900 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total charges to Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details on fees applicable to your property transaction.

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

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

For more information, you can find your SRO.

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

The guideline value is a crucial reference point when registering property transactions in Puthagaram. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, it is essential to be aware of the current guideline value, as it may influence the sale price and the fees involved. Buyers should ensure they are informed about these values to avoid any surprises during the registration process.

Frequently asked questions

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

The current guideline value of Indira Nagar Extention 1st Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 3,500 per sq.ft in 2023 to Rs 3,800 per sq.ft in 2024, which is a change of +9%.

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

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

Where can I find the Sub Registrar Office for this area?

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

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000 at 7% of the guideline value.