Guideline Value for Indira Nagar

Indira Nagar guideline value

The current guideline value of Indira Nagar, located in Nallur village under the Sriperumpudur SRO, is Rs 250 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Indira Nagar has changed

Over the years, the guideline value for Indira Nagar has seen several revisions. The 2007 revision set the value at Rs 100 per sq.ft, which increased to Rs 250 per sq.ft in the 2012 revision. However, it then dropped to Rs 167 per sq.ft in 2017. The 2023 revision maintained the value at Rs 250 per sq.ft, which remains unchanged in the 2024 revision.

The changes between these revisions show a 150% increase from the 2007 revision to the 2024 revision. The value remained stable from 2023 to 2024, with a 50% increase from 2017 to 2023. The 2012 to 2017 period saw a decrease of 33%, while the 2007 to 2012 period experienced a significant increase of 150%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Nallur

Nallur village has 33 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 126 to Rs 700 per sq.ft. The median value is Rs 250 per sq.ft, which aligns with the guideline value of Indira Nagar.

• Indra Nagar part - II: Rs 250 per sq.ft (2024)
• HiTech City: Rs 175 per sq.ft (2024)
• Kariman Nagar: Rs 150 per sq.ft (2024)
• KJR nagar: Rs 350 per sq.ft (2024)
• Dharmasastha Nagar: Rs 350 per sq.ft (2024)
• Krishna nagar: Rs 350 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 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, making the total cost for these fees Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Indira Nagar?

The Sub Registrar Office that covers Indira Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Nallur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

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

Frequently asked questions

What is the current guideline value of Indira Nagar?

The current guideline value of Indira Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen changes from Rs 100 per sq.ft in 2007 to Rs 250 per sq.ft in 2012, then dropping to Rs 167 per sq.ft in 2017, and returning to Rs 250 per sq.ft in 2023 and 2024.

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

Other streets in Nallur include Indra Nagar part - II at Rs 250 per sq.ft, HiTech City at Rs 175 per sq.ft, Kariman Nagar at Rs 150 per sq.ft, KJR nagar at Rs 350 per sq.ft, Dharmasastha Nagar at Rs 350 per sq.ft, and Krishna nagar at Rs 350 per sq.ft in 2024.

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

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500, and the registration fee would be Rs 5,000, totaling Rs 22,500. These fees are based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Indira Nagar located?

The Sub Registrar Office for Indira Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. This office handles all property registrations in the area.