Guideline Value for Indira Nagar Extn Part-I

Indira Nagar Extn Part-I guideline value

The current guideline value for Indira Nagar Extn Part-I is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Orathur village under the Gooduvancheri SRO, and the land classification is Mixed Type - I.

How the guideline value of Indira Nagar Extn Part-I has changed

In the 2012 revision, the guideline value was set at Rs 700 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 469 per sq.ft, marking a decrease of 33%. However, by the 2023 revision, the value increased to Rs 700 per sq.ft, reflecting a significant rise of 49% from the 2017 figure. The 2024 revision has also maintained this value at Rs 700 per sq.ft, indicating no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained at Rs 700 per sq.ft, showing no change over this period.

Guideline values in Orathur

In Orathur, there are 80 streets under the Gooduvancheri SRO that have a 2024 guideline value ranging from Rs 335 to Rs 1,700 per sq.ft, with a median of Rs 500 per sq.ft. The guideline value for Indira Nagar Extn Part-I is above this median.

• Indhira Nagar Part-II & III: Rs 700 per sq.ft (2024)
• Indhira Nagar (Extn): Rs 700 per sq.ft (2024)
• Jemi J.P Green Garden: Rs 500 per sq.ft (2024)
• Grace Nagar Extn: Rs 500 per sq.ft (2024)
• Grace Nagar: Rs 400 per sq.ft (2024)
• G K Nagar: Rs 335 per sq.ft (2024)

Stamp duty and registration fee for property in Indira Nagar Extn Part-I

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total cost for these fees to Rs 63,000. 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 Extn Part-I?

The Indira Nagar Extn Part-I falls under the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Orathur. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It is essential to be aware of the current guideline value to make informed decisions regarding property transactions in the area.

Frequently asked questions

What is the current guideline value for Indira Nagar Extn Part-I?

The current guideline value for Indira Nagar Extn Part-I is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Indira Nagar Extn Part-I has seen various changes, including a drop to Rs 469 per sq.ft in 2017 and a return to Rs 700 per sq.ft in 2023 and 2024.

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

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000.

Which office handles registrations for Indira Nagar Extn Part-I?

The Gooduvancheri Sub Registrar Office handles registrations for Indira Nagar Extn Part-I, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

What is the land classification for Indira Nagar Extn Part-I?

The land classification for Indira Nagar Extn Part-I is Mixed Type - I, which indicates the type of development and usage permitted in the area.