Guideline Value for Indira Nagar extention

Indira Nagar extention guideline value

The current guideline value of Indira Nagar extension in Puthagaram village, under the Ambattur SRO, is Rs 2,201 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - I.

How the guideline value of Indira Nagar extention has changed

Over the years, the guideline value of Indira Nagar extension has seen several revisions. The 2012 revision set the value at Rs 2,000 per sq.ft, which then decreased to Rs 1,340 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,000 per sq.ft in the 2023 revision, and further rose to Rs 2,201 per sq.ft in the 2024 revision.

The changes between these revisions are notable. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Puthagaram

Puthagaram village has a total of 140 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,200 to Rs 3,800 per sq.ft, with a median value of Rs 1,900 per sq.ft. The guideline value for Indira Nagar extension is above this median.

• Indira Nagar Extention 1st Street: Rs 3,800 per sq.ft (2024)
• Indira Nagar: Rs 2,201 per sq.ft (2024)
• Jagadees nagar: Rs 1,600 per sq.ft (2024)
• Janagiram Nagar: Rs 1,600 per sq.ft (2024)
• G.S.naidu Nagar: Rs 1,300 per sq.ft (2024)
• Grist Nagar: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Indira Nagar extention

For a 1,000 sq.ft plot at the current guideline value of Rs 2,201 per sq.ft, the total guideline value would be Rs 22,01,000. The stamp duty at 7% would amount to Rs 1,54,070, and the registration fee at 2% would be Rs 44,020, bringing the total cost to Rs 1,98,090. 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.

Which Sub Registrar Office covers Indira Nagar extention?

The Indira Nagar extension falls under the jurisdiction of the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Puthagaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. This means that buyers should be aware of the current guideline value to ensure they are prepared for the associated costs during the registration process.

Frequently asked questions

What is the current guideline value of Indira Nagar extension?

The current guideline value of Indira Nagar extension is Rs 2,201 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,201 per sq.ft in 2024.

What is the land classification for Indira Nagar extension?

The land classification for Indira Nagar extension is Mixed Type - I.

Where can I find the Sub Registrar Office for Indira Nagar extension?

The Ambattur Sub Registrar Office covers Indira Nagar extension, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Indira Nagar extension?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the guideline value is Rs 22,01,000, leading to a stamp duty of Rs 1,54,070.