Guideline Value for Indira Street

Indira Street guideline value

The current guideline value of Indira Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Menambedu village under the Ambattur SRO and is classified as Residential Special Type - I.

How the guideline value of Indira Street has changed

The guideline value for Indira Street has seen several revisions over the years. In 2012, the value was Rs 1,600 per sq.ft, which decreased to Rs 1,072 per sq.ft in 2017, marking a decline of 33%. Following this, the value increased significantly to Rs 1,600 per sq.ft in 2023, and then to Rs 1,700 per sq.ft in 2024, reflecting a 6% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 6%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Menambedu

In Menambedu village, there are 171 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 6,680 per sq.ft. The median value is Rs 1,003 per sq.ft, placing Indira Street's 2024 figure above that median.

• Indira Nagar: Rs 1,001 per sq.ft (2024)
• Indian Bank Colony: Rs 1,700 per sq.ft (2024)
• HariKrishna Naidu Street: Rs 1,001 per sq.ft (2024)
• Gurusamy Street: Rs 1,700 per sq.ft (2024)
• Guru Nel Street: Rs 1,001 per sq.ft (2024)
• Govindharajan Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Indira Street

For a 1,000 sq.ft plot at the current rate of Rs 1,700 per sq.ft, the guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, totaling Rs 1,53,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Indira Street?

The Sub Registrar Office that covers Indira Street 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 Menambedu

The guideline value is a crucial factor when registering property transactions in Menambedu. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers must be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Indira Street?

The current guideline value of Indira Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, then to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What is the land classification of Indira Street?

Indira Street is classified as Residential Special Type - I under the Ambattur SRO.

What are the guideline values of other streets in Menambedu?

Other streets in Menambedu have varying guideline values, with rates ranging from Rs 1,001 to Rs 1,700 per sq.ft in 2024.

Where can I find the Sub Registrar Office for Indira Street?

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