Guideline Value for Indra Nagar (All Streets)

Indra Nagar (All Streets) guideline value

The current guideline value of Indra Nagar (All Streets) is Rs 1,760 per sq.ft, effective from 1 July 2024. This area is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class II Type - I.

How the guideline value of Indra Nagar (All Streets) has changed

The guideline value for Indra Nagar has seen significant changes over the years. In 2003, the guideline value was Rs 190 per sq.ft, which increased to Rs 300 per sq.ft in 2007. Following this, the value surged to Rs 1,072 per sq.ft in 2017, marking a 257% increase from the previous revision. The 2023 revision set the value at Rs 1,600 per sq.ft, a 49% rise from 2017. The current 2024 revision reflects a further increase to Rs 1,760 per sq.ft, representing a 10% change from the previous year.

It is important to note that there are no figures available for the years 2002 and 2012 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 826%.

Guideline values in Anakaputhur

In Anakaputhur village, there are 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value for these streets is Rs 1,980 per sq.ft, placing Indra Nagar's 2024 figure below this median.

• Indira Nagar Vivekanandar Street: Rs 1,760 per sq.ft (2024)
• Indira Nagar Lal Bagadur Sasthiri Street: Rs 1,760 per sq.ft (2024)
• Indira Nagar Kattabomman Street: Rs 1,760 per sq.ft (2024)
• Jaswanth Nagar: Rs 1,870 per sq.ft (2024)
• Jawahar lal Nehru Salai: Rs 2,860 per sq.ft (2024)
• Jaya Nagar: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Indra Nagar (All Streets)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total cost for these fees to Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Indra Nagar (All Streets)?

The Sub Registrar Office that covers Indra Nagar (All Streets) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction.

When a property is registered, the guideline value helps ensure that the fees are calculated based on a standardized valuation, which aids in maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of Indra Nagar (All Streets)?

The current guideline value of Indra Nagar (All Streets) is Rs 1,760 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 190 per sq.ft in 2003 to Rs 1,760 per sq.ft in 2024, marking an overall increase of 826% over this period.

What is the land classification of Indra Nagar (All Streets)?

Indra Nagar (All Streets) is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Indra Nagar?

The Sub Registrar Office for Indra Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 17,60,000, the total fees would amount to Rs 1,58,400.