Guideline Value for Indira Street

Indira Street guideline value

The current guideline value of Indira Street, located in 44.Ayanambakkam village under the Konnur SRO, is Rs 880 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class IV Type - I land classification.

How the guideline value of Indira Street has changed

The guideline value for Indira Street has seen several revisions over the years. The 2017 revision set the value at Rs 536 per sq.ft, which increased to Rs 800 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the guideline value to Rs 880 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, there has been a significant increase of 64% in the guideline value.

It is important to note that the register has no figures for Indira Street for the years 2002, 2003, 2007, and 2012. The absence of data for these years indicates that the guideline value for this street was not recorded during that time.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 9,702 per sq.ft. The median value for these streets is Rs 1,300 per sq.ft, which means that the guideline value for Indira Street is below the median.

• Indira Nagar: Rs 880 per sq.ft (2024)
• Indira gandhi street: Rs 880 per sq.ft (2024)
• Hi-Tech Nagar: Rs 9,702 per sq.ft (2024)
• Janasakthi Nagar: Rs 802 per sq.ft (2024)
• Glenmore Garden: Rs 7,100 per sq.ft (2024)
• Geesan Ayanampakam Housing Colony: Rs 3,100 per sq.ft (2024)

Stamp duty and registration fee for property in Indira Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. 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 Street?

The Sub Registrar Office that covers Indira Street is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is a crucial factor in property transactions in 44.Ayanambakkam, as it determines the minimum price at which a property can be registered. This value is used to calculate the stamp duty and registration fees that must be paid during the transaction process.

When buying or selling property, it is important to be aware of the guideline value as it ensures compliance with legal requirements and helps in the accurate assessment of taxes. Buyers and sellers should always refer to the latest guideline values to avoid discrepancies during registration.

Frequently asked questions

What is the current guideline value of Indira Street?

The current guideline value of Indira Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 536 per sq.ft to Rs 880 per sq.ft in 2024, marking a total increase of 64% over this period.

What is the land classification for Indira Street?

Indira Street is classified as Residential Class IV Type - I, which indicates its designation for residential purposes.

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

The Konnur Sub Registrar Office covers Indira Street, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a plot of 1,000 sq.ft at Rs 880 per sq.ft would incur a total fee of Rs 79,200.