Guideline Value for Indira Nagar Vivekanandar Street

Indira Nagar Vivekanandar Street guideline value

The current guideline value of Indira Nagar Vivekanandar 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 Vivekanandar Street has changed

The guideline value for Indira Nagar Vivekanandar 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 further raised the guideline value to Rs 1,760 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 49%, reflecting significant changes in the guideline value during that period.

Guideline values in Anakaputhur

Anakaputhur has a total of 501 streets under the Pammal SRO, with the 2024 guideline values 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, placing Indira Nagar Vivekanandar Street's current value below this median.

• Indira Nagar Lal Bagadur Sasthiri Street: Rs 1,760 per sq.ft (2024)
• Indira Nagar Kattabomman 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 Vivekanandar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to 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 higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Indira Nagar Vivekanandar Street?

The Sub Registrar Office that covers Indira Nagar Vivekanandar Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Anakaputhur

The guideline value is a crucial factor during the registration 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 the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property being exchanged. It is essential for buyers and sellers to be aware of these values to facilitate a smooth transaction process.

Frequently asked questions

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

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

How has the guideline value changed over the years?

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

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 Vivekanandar Street.

What are the stamp duty and registration fees for property 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.

Where is the Sub Registrar Office for Indira Nagar Vivekanandar Street located?

The Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.