Guideline Value for Indira Nagar Kattabomman Street

Indira Nagar Kattabomman Street guideline value

The current guideline value of Indira Nagar Kattabomman Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class II Type - I.

How the guideline value of Indira Nagar Kattabomman Street has changed

The guideline value for Indira Nagar Kattabomman Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,760 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 1,600 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 1,072 per sq.ft, marking a significant increase of 49% from 2017 to 2023.

It is important to note that there are no recorded figures for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value across these streets is Rs 1,980 per sq.ft, indicating that the guideline value of Indira Nagar Kattabomman Street is below this median.

• Indira Nagar Lal Bagadur Sasthiri Street: Rs 1,760 per sq.ft (2024)
• Indira Nagar Vivekanandar Street: Rs 1,760 per sq.ft (2024)
• Indra Nagar (All Streets): Rs 1,760 per sq.ft (2024)
• Jaswanth Nagar: Rs 1,870 per sq.ft (2024)
• Jawahar lal Nehru Salai: Rs 2,860 per sq.ft (2024)
• G.V.S.V Nagar: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Indira Nagar Kattabomman Street

For a 1,000 sq.ft plot at the current rate of Rs 1,760 per sq.ft, the guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, while the registration fee at 2% would be Rs 35,200, totaling Rs 1,58,400. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Indira Nagar Kattabomman Street?

The Sub Registrar Office that covers Indira Nagar Kattabomman Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process of property transactions in Anakaputhur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value as it impacts the overall cost of the transaction. Buyers should ensure that the sale price is not significantly lower than the guideline value to avoid complications during registration.

Frequently asked questions

What is the current guideline value of Indira Nagar Kattabomman Street?

The current guideline value of Indira Nagar Kattabomman Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,072 per sq.ft to Rs 1,760 per sq.ft in 2024, marking a total increase of 64% over this period.

What is the registration office for Indira Nagar Kattabomman Street?

The registration office for Indira Nagar Kattabomman Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

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

For a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200 and the registration fee would be Rs 35,200, totaling Rs 1,58,400.

Where can I find more information about the guideline values in Anakaputhur?

More information about the guideline values in Anakaputhur can be found in the Registration Department's guideline value register (TNReginet).