Guideline Value for Inidhra Priyadharshini Nagar

Inidhra Priyadharshini Nagar guideline value

The current guideline value of Inidhra Priyadharshini Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Perumbakkam village under the Selaiyur SRO, classified as Residential Special Type - II.

How the guideline value of Inidhra Priyadharshini Nagar has changed

Inidhra Priyadharshini Nagar has seen several revisions in its guideline value over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which was a decrease of 33% from Rs 2,010 per sq.ft in the 2017 revision. Following this, the 2023 revision raised the value to Rs 3,000 per sq.ft, and the latest revision in 2024 increased it further to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft, with a median value of Rs 2,725 per sq.ft. The guideline value of Inidhra Priyadharshini Nagar is above this median.

• Ira Nagar Pallava Mannan Street: Rs 1,600 per sq.ft (2024)
• Indra Nagar: Rs 1,600 per sq.ft (2024)
• Indira Ngar Kamarajar Street: Rs 1,600 per sq.ft (2024)
• Isha Ishtabhumi: Rs 3,500 per sq.ft (2024)
• Indira Nagar Vivekanandar Street: Rs 1,600 per sq.ft (2024)
• Indira Nagar Vivekanandar 1st-5th Cross Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Inidhra Priyadharshini Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Inidhra Priyadharshini Nagar?

The Sub Registrar Office that covers Inidhra Priyadharshini Nagar is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opposite to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value serves as a benchmark for property transactions in Perumbakkam. When buying or selling property, the guideline value is crucial as it determines the amount of stamp duty and registration fees payable at the time of registration.

It is important to note that the guideline value is used to ensure transparency and standardization in property transactions. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Inidhra Priyadharshini Nagar?

The current guideline value of Inidhra Priyadharshini Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, marking a 10% increase. Additionally, it increased from Rs 2,010 per sq.ft in 2017 to Rs 3,000 per sq.ft in 2023, a total increase of 49%.

What is the classification of Inidhra Priyadharshini Nagar?

Inidhra Priyadharshini Nagar is classified as Residential Special Type - II, which indicates its intended use for residential purposes.

What is the stamp duty rate for property transactions?

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

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opposite to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.