Guideline Value for Indra Nagar (All Streets)

Indra Nagar (All Streets) guideline value

The current guideline value for Indra Nagar (All Streets) is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Pammal 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 undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 124 per sq.ft. It increased to Rs 141 per sq.ft in 2003, marking a 14% rise. The value then rose to Rs 260 per sq.ft in 2007, which was an 84% increase from the previous figure. Following that, the 2017 revision set the value at Rs 1,340 per sq.ft, reflecting a significant 415% increase. In 2023, the value further increased to Rs 2,000 per sq.ft, a 49% rise from the 2017 figure. The latest revision in 2024 has set the guideline value at Rs 2,200 per sq.ft, which is a 10% increase from 2023.

It is important to note that there is no figure for Indra Nagar in the 2012 revision. Overall, from 2002 to 2024, the guideline value has increased by 1,674%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as of 2024. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Indra Nagar's 2024 figure above this median.

• Indra Nagar , 2nd Street: Rs 2,200 per sq.ft (2024)
• Indra Nagar ,1st Street,: Rs 2,200 per sq.ft (2024)
• Indra Gandhi Salai (Anna Nagar): Rs 2,750 per sq.ft (2024)
• Irattai Pillaiyar Koil 1st Street, Pammal: Rs 2,200 per sq.ft (2024)
• Irattai Pillaiyar Koil 2nd Street, Pammal: Rs 2,200 per sq.ft (2024)
• Irattai Pillaiyar Koil Street, Pammal: Rs 2,200 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 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

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 details.

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

The guideline value is a crucial factor when buying or selling property in Pammal. It serves as a reference point for determining the minimum value of a property for registration purposes. Buyers and sellers should be aware that the guideline value will influence the stamp duty and registration fees applicable during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and fairly. It is essential for both parties to consider the guideline value to avoid any legal complications during the registration process.

Frequently asked questions

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

The current guideline value for Indra Nagar (All Streets) is Rs 2,200 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 124 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 1,674%.

What is the stamp duty rate for property in Indra Nagar?

The stamp duty rate for property transactions in Indra Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Pammal Sub Registrar Office located?

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

How is the guideline value determined for properties in Pammal?

The guideline value for properties in Pammal is determined by the Registration Department's guideline value register, which is updated periodically to reflect changes in the real estate market.