Guideline Value for Indra Street

Indra Street guideline value

The current guideline value of Indra Street in Padoor village is Rs 200 per sq.ft, effective from the 2024 revision. This street falls under the Sunguvarchattram SRO and is classified as Residential Class I Type - I.

How the guideline value of Indra Street has changed

Over the years, the guideline value for Indra Street has seen several revisions. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2023 revision, where it was still Rs 200 per sq.ft. The 2017 revision recorded a lower value of Rs 134 per sq.ft, marking a decrease of 33% from the 2012 figure. The most recent revision in 2024 maintained the value at Rs 200 per sq.ft, showing no change from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, there was a significant increase of 49%, while the overall change from 2012 to 2024 reflects a 0% change. This indicates that despite fluctuations in earlier years, the guideline value has stabilized at Rs 200 per sq.ft in recent revisions.

Guideline values in Padoor

Padoor village has a total of 22 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,700 per sq.ft. The median value among these streets is Rs 705 per sq.ft, positioning Indra Street's 2024 figure below that median.

• Madha Koil Street: Rs 150 per sq.ft (2024)
• Bypass Road: Rs 200 per sq.ft (2024)
• Breeze county: Rs 600 per sq.ft (2024)
• Bhajanai koil street: Rs 200 per sq.ft (2024)
• MGR Street: Rs 150 per sq.ft (2024)
• Amman Koil Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Indra Street

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Indra Street?

The Sub Registrar Office that covers Indra Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Padoor. It serves as a benchmark for determining the stamp duty and registration fees applicable to the sale of property.

When you buy or sell property, the guideline value is used to calculate the total costs associated with the transaction. It ensures that the fees are based on a standardized valuation, providing transparency in the property registration process.

Frequently asked questions

What is the current guideline value of Indra Street?

The current guideline value of Indra Street is Rs 200 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since 2012, with a decrease to Rs 134 per sq.ft in 2017, followed by a return to Rs 200 per sq.ft in subsequent revisions.

What is the land classification for Indra Street?

Indra Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

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

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

Which office handles registrations for Indra Street?

The Sunguvarchattram Sub Registrar Office handles registrations for Indra Street, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.