Guideline Value for Indirani Nagar

Indirani Nagar guideline value

The current guideline value of Indirani Nagar, located in Kattupakkam village under the Kunrathur SRO, is Rs 2,090 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Indirani Nagar has changed

Since 2003, the guideline value for Indirani Nagar has seen significant changes. In 2003, the guideline value was Rs 186 per sq.ft, which increased to Rs 350 per sq.ft in 2007. The value then rose dramatically to Rs 1,900 per sq.ft in 2012, followed by a decrease to Rs 1,273 per sq.ft in 2017. The 2023 revision saw a notable increase to Rs 1,900 per sq.ft, and the latest 2024 revision has set the value at Rs 2,090 per sq.ft. The register has no figure for this street for the year 2002.

Looking at the changes, the guideline value increased by 88% from 2003 to 2007, followed by a massive 443% rise from 2007 to 2012. However, there was a decrease of 33% from 2012 to 2017. The value then surged by 49% from 2017 to 2023 and has increased by 10% from 2023 to 2024. Overall, from 2003 to 2024, the guideline value has increased by 1024%.

Guideline values in Kattupakkam

In Kattupakkam, 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 guideline value for these streets is Rs 2,090 per sq.ft, which is equal to the guideline value of Indirani Nagar.

• Indira Nagar: Rs 3,520 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 Indirani Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,090 per sq.ft, the total guideline value would be Rs 20,90,000. The stamp duty, charged at 7%, would amount to Rs 1,46,300, while the registration fee at 2% would be Rs 41,800. Together, these fees would total Rs 1,88,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Indirani Nagar?

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

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

When buying or selling property in Kattupakkam, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is assessed by the registration department and serves as a benchmark for property transactions in the area.

During the registration process, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and that the appropriate fees are collected by the government.

Frequently asked questions

What is the current guideline value of Indirani Nagar?

The current guideline value of Indirani Nagar is Rs 2,090 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 186 per sq.ft in 2003 to Rs 2,090 per sq.ft in 2024, reflecting an overall increase of 1024% over this period.

What are the stamp duty rates for properties in Indirani Nagar?

The stamp duty for properties in Indirani Nagar is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Indirani Nagar?

Indirani Nagar falls under the Residential Class I Type - I land classification, indicating its suitability for residential development.