Guideline Value for Indira Nagar

Indira Nagar guideline value

The current guideline value of Indira Nagar is Rs 1,500 per sq.ft, as per the 2023 revision. This area is located in Urapakkam village and falls under the Gooduvancheri Sub Registrar Office (SRO). The land classification for this locality is Residential Special Type - II.

How the guideline value of Indira Nagar has changed

The guideline value for Indira Nagar has seen several revisions over the years. The 2012 revision set the guideline value at Rs 1,500 per sq.ft. However, in the 2017 revision, this value dropped to Rs 1,005 per sq.ft, representing a decrease of 33%. The most recent revision in 2023 restored the value to Rs 1,500 per sq.ft, marking an increase of 49% from the 2017 figure.

Overall, from 2012 to 2023, the guideline value has remained unchanged at Rs 1,500 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Urapakkam

Indira Nagar is part of the Urapakkam locality, which is covered under the Gooduvancheri SRO. However, there are no specific village figures available for this area. The following are the other streets in Urapakkam:

Stamp duty and registration fee for property in Indira Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, 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 Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Urapakkam. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, which are mandatory for legal documentation.

It is important for buyers and sellers to be aware of the current guideline value, as it directly influences the financial aspects of property transactions. Ensuring that the transaction adheres to the guideline value helps in maintaining compliance with local regulations.

Frequently asked questions

What is the current guideline value of Indira Nagar?

The current guideline value of Indira Nagar is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, and then back to Rs 1,500 per sq.ft in 2023. Overall, from 2012 to 2023, the value has remained unchanged.

What is the land classification for Indira Nagar?

The land classification for Indira Nagar is Residential Special Type - II, indicating its designated use for residential purposes.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is stamp duty calculated in Indira Nagar?

Stamp duty in Indira Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 1,35,000.