Guideline Value for Indira Nagar Lal Bagadur Sasthiri Street

Indira Nagar Lal Bagadur Sasthiri Street guideline value

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

How the guideline value of Indira Nagar Lal Bagadur Sasthiri Street has changed

The guideline value for Indira Nagar Lal Bagadur Sasthiri Street has undergone several revisions over the years. The 2017 revision set the value at Rs 1,072 per sq.ft, which increased to Rs 1,600 per sq.ft in the 2023 revision. The latest revision in 2024 has seen a further increase to Rs 1,760 per sq.ft, marking a 10% rise from the previous year.

From 2017 to 2023, there was a significant increase of 49%, and overall, the guideline value has risen by 64% from 2017 to 2024. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

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 guideline value for these streets is Rs 1,980 per sq.ft, indicating that the guideline value of Indira Nagar Lal Bagadur Sasthiri Street is below this median.

• Indira Nagar Kattabomman 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 Lal Bagadur Sasthiri Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value is Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total cost for these fees to Rs 1,58,400. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Indira Nagar Lal Bagadur Sasthiri Street?

The Indira Nagar Lal Bagadur Sasthiri Street falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property transaction.

When a property is sold, the guideline value is used to calculate the necessary fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction. This process helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Indira Nagar Lal Bagadur Sasthiri Street?

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

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 1,072 per sq.ft in 2017 to Rs 1,760 per sq.ft in 2024, marking an overall rise of 64% over this period.

What are the stamp duty and registration fees for properties in this area?

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.

Which office handles registrations for Indira Nagar Lal Bagadur Sasthiri Street?

The Pammal Sub Registrar Office handles registrations for Indira Nagar Lal Bagadur Sasthiri Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the median guideline value for streets in Anakaputhur?

The median guideline value for the 501 streets in Anakaputhur under the Pammal SRO is Rs 1,980 per sq.ft, which is higher than the current value of Indira Nagar Lal Bagadur Sasthiri Street.