Guideline Value for Ingarsal Street

Ingarsal Street guideline value

The current guideline value of Ingarsal Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Periyakuppam village under the Tiruvallur Joint 1 SRO, classified as Residential Class I Type - III.

How the guideline value of Ingarsal Street has changed

Ingarsal Street has seen significant changes in its guideline value over the years. The 2007 revision set the value at Rs 200 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012, marking a remarkable rise of 400%. However, the value dropped to Rs 670 per sq.ft in 2017, representing a decrease of 33%. Following this, the guideline value surged to Rs 1,000 per sq.ft in 2023, and further increased to Rs 1,100 per sq.ft in 2024, reflecting a growth of 10%.

There are no figures available for Ingarsal Street in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO with a 2024 guideline value ranging from Rs 550 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which matches the guideline value for Ingarsal Street.

• Jagageevan Ram Street: Rs 2,200 per sq.ft (2024)
• Indira Nagar: Rs 879 per sq.ft (2024)
• Indira Gandhi Salai: Rs 1,100 per sq.ft (2024)
• Jagan Nathan Nagar: Rs 879 per sq.ft (2024)
• Jain Nagar: Rs 1,650 per sq.ft (2024)
• Jansie Rani Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Ingarsal Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that 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 Ingarsal Street?

Ingarsal Street falls under the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Periyakuppam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When buyers and sellers agree on a sale price, the registration office will charge duty based on the higher of the guideline value or the sale price. This ensures that the transaction is compliant with the regulatory framework set by the state.

Frequently asked questions

What is the current guideline value of Ingarsal Street?

The current guideline value of Ingarsal Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has increased significantly from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 450%.

What is the registration fee for property in Ingarsal Street?

The registration fee is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 11,00,000, the registration fee would be Rs 22,000 at a rate of 2%.

Which Sub Registrar Office covers the registration for Ingarsal Street?

The Tiruvallur Joint 1 Sub Registrar Office covers the registration for Ingarsal Street, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What are the guideline values for other streets in Periyakuppam?

Other streets in Periyakuppam have varying guideline values. For example, Jagageevan Ram Street is valued at Rs 2,200 per sq.ft, while Indira Nagar is at Rs 879 per sq.ft.