Guideline Value for Indira Nagar

Indira Nagar guideline value

The current guideline value of Indira Nagar, located in Kattupakkam village under the Kunrathur SRO, is Rs 3,520 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Special Type - I land classification.

How the guideline value of Indira Nagar has changed

Since the introduction of the guideline value register, the figures for Indira Nagar have seen significant changes. The earliest recorded figure is from 2003, at Rs 137 per sq.ft. This value increased to Rs 475 per sq.ft in 2007, marking a rise of 247%. In 2012, the value jumped to Rs 3,200 per sq.ft, reflecting a substantial increase of 574%. However, it then decreased to Rs 2,144 per sq.ft in 2017, which was a reduction of 33%. The 2023 revision set the value at Rs 3,200 per sq.ft, followed by the current figure of Rs 3,520 per sq.ft in 2024, indicating a 10% increase.

Overall, from 2003 to 2024, the guideline value has increased by 2469%. The register has no figure for the year 2002 for this street.

Guideline values in Kattupakkam

In Kattupakkam village, there are 75 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,980 to Rs 4,290 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, placing Indira Nagar's current value above this median.

• Indirani Nagar: Rs 2,090 per sq.ft (2024)
• Janagiammal Nagar: Rs 1,980 per sq.ft (2024)
• Janagiammal Nagar Annex: Rs 1,980 per sq.ft (2024)
• Jayalakshmi Nagar: Rs 4,290 per sq.ft (2024)
• Ganapathy Nagar: Rs 3,520 per sq.ft (2024)
• Ettiamman Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Indira Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, totaling Rs 3,16,800. 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?

The Sub Registrar Office covering Indira Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kattupakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in assessing the financial obligations associated with the transaction. Buyers and sellers must be aware of the current guideline value to accurately estimate their costs during the registration process.

Frequently asked questions

What is the current guideline value of Indira Nagar?

The current guideline value of Indira Nagar is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 137 per sq.ft in 2003 to Rs 3,520 per sq.ft in 2024, reflecting an overall increase of 2469% over this period.

What is the land classification of Indira Nagar?

Indira Nagar falls under the Residential Special Type - I land classification.

What are the stamp duty and registration fees for property in Indira Nagar?

For a property valued at Rs 35,20,000, the stamp duty would be Rs 2,46,400 and the registration fee would be Rs 70,400, totaling Rs 3,16,800.

Which office handles property registrations in Indira Nagar?

The Kunrathur Sub Registrar Office handles property registrations in Indira Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.