Guideline Value for Indira Nagar P.K.P Sundaram Street

Indira Nagar P.K.P Sundaram Street guideline value

The current guideline value of Indira Nagar P.K.P Sundaram Street is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village, under the Selaiyur SRO, and is classified as Residential Class I Type - II.

How the guideline value of Indira Nagar P.K.P Sundaram Street has changed

The guideline value for Indira Nagar P.K.P Sundaram Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where the value was Rs 1,206 per sq.ft. The 2023 revision increased the value to Rs 1,800 per sq.ft, and the latest revision in 2024 raised it to Rs 1,900 per sq.ft, reflecting a 6% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Indira Nagar P.K.P Sundaram Street is below this median.

• Indira Nagar West: Rs 1,900 per sq.ft (2024)
• Indira Nagar East: Rs 1,900 per sq.ft (2024)
• Indira Nagar: Rs 1,900 per sq.ft (2024)
• IOB Colony: Rs 3,500 per sq.ft (2024)
• IOB Colony 1st Main Road: Rs 3,500 per sq.ft (2024)
• IOB Colony 2nd Main Road: Rs 3,500 per sq.ft (2024)

Stamp duty and registration fee for property in Indira Nagar P.K.P Sundaram Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total cost for these fees to Rs 1,71,000. It is important to note that 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 on the fees applicable to your property transaction.

Which Sub Registrar Office covers Indira Nagar P.K.P Sundaram Street?

The Sub Registrar Office that covers Indira Nagar P.K.P Sundaram Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Selaiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Indira Nagar P.K.P Sundaram Street?

The current guideline value of Indira Nagar P.K.P Sundaram Street is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,900 per sq.ft in 2024, with several revisions in between, including a notable increase of 49% from 2017 to 2023.

What is the classification of Indira Nagar P.K.P Sundaram Street?

Indira Nagar P.K.P Sundaram Street is classified as Residential Class I Type - II, indicating its designation for residential purposes.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

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 of the property. For example, a property valued at Rs 19,00,000 would incur a stamp duty of Rs 1,33,000 at a rate of 7%.