Guideline Value

Corporate

Guideline Value for Indira Nagar

₹2201/sq.ft.

The guideline value for Indira Nagar in Puthagaram village (Ambattur SRO, Chennai zone) is Rs 2201 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Puthagaram

Village

Ambattur

SRO

Mixed Type - I
History
Period Guideline Value
From 1-7-2024 ₹2201 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Indira Nagar

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Indira Nagar guideline value

The current guideline value of Indira Nagar, located in Puthagaram village under the Ambattur SRO, is Rs 2,201 per sq.ft, effective from 1 July 2024. This area is classified as Mixed Type - I.

How the guideline value of Indira Nagar has changed

The guideline value for Indira Nagar has seen several revisions over the years. In 2012, the value was set 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 2023, and further to Rs 2,201 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. The register has no figure for this street for the years 2002, 2003, and 2007.

From 2017 to 2023, there was a notable increase of 49%. Overall, comparing the values from 2012 to 2024, there has been a 10% increase, reflecting the changes in the guideline value per sq.ft over the years.

Guideline values in Puthagaram

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

Stamp duty and registration fee for property in Indira Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,201 per sq.ft, the total guideline value amounts to Rs 22,01,000. The stamp duty at 7% would be Rs 1,54,070, and the registration fee at 2% would be Rs 44,020, bringing the total fees to Rs 1,98,090. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Indira Nagar?

The Sub Registrar Office that covers Indira Nagar is 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 is a crucial factor in the registration of property transactions in Puthagaram. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Indira Nagar?

The current guideline value of Indira Nagar 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 increased 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 of Indira Nagar?

Indira Nagar is classified as Mixed Type - I, indicating its diverse land use and development potential.

What are the other streets in Puthagaram with their guideline values?

Other streets in Puthagaram include Indira Nagar extention at Rs 2,201 per sq.ft, Indira Nagar Extention 1st Street at Rs 3,800 per sq.ft, Jagadees nagar and Janagiram Nagar at Rs 1,600 per sq.ft, G.S.naidu Nagar at Rs 1,300 per sq.ft, and Grist Nagar at Rs 1,900 per sq.ft.

How is stamp duty calculated for properties in Indira Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a plot valued at Rs 22,01,000, the stamp duty would be Rs 1,54,070 at a rate of 7%.