Guideline Value for Indrani Street

Indrani Street guideline value

The current guideline value of Indrani Street in Kovilpathagai village under the Ambattur SRO is Rs 806 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - I land classification.

How the guideline value of Indrani Street has changed

Over the years, the guideline value for Indrani Street has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which decreased to Rs 402 per sq.ft in 2017. However, from 2017 to 2023, the value significantly increased by 100% to Rs 806 per sq.ft, a figure that remained unchanged in the 2023 revision and continues into the 2024 revision.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 34%.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO, with 2024 guideline values ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value in this area is Rs 870 per sq.ft, which means Indrani Street's 2024 value is below the median.

• Indra Street: Rs 806 per sq.ft (2024)
• Indra Nagar 2nd Street: Rs 807 per sq.ft (2024)
• Indiraji Street: Rs 806 per sq.ft (2024)
• Jagan Mohan Nagar: Rs 806 per sq.ft (2024)
• I.A.F. Road: Rs 805 per sq.ft (2024)
• Hemalakshmi Street (Ashok Nagar): Rs 806 per sq.ft (2024)

Stamp duty and registration fee for property in Indrani Street

For a 1,000 sq.ft plot at the current guideline value of Rs 806 per sq.ft, the total guideline value amounts to Rs 8,06,000. The stamp duty at 7% would be Rs 56,420, and the registration fee at 2% would be Rs 16,120, bringing the total to Rs 72,540. 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 details.

Which Sub Registrar Office covers Indrani Street?

The Sub Registrar Office that covers Indrani Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kovilpathagai. It determines the minimum value at which properties can be registered, ensuring a standard valuation across the area.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, which are mandatory for legal ownership transfer. This ensures that all transactions are conducted transparently and fairly.

Frequently asked questions

What is the current guideline value of Indrani Street?

The current guideline value of Indrani Street is Rs 806 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 806 per sq.ft in 2023 and 2024, showing a significant increase after 2017.

What is the land classification of Indrani Street?

Indrani Street falls under the Residential Class III Type - I land classification.

Where is the Ambattur Sub Registrar Office located?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Indrani Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 806 per sq.ft would incur a total stamp duty of Rs 56,420.