Guideline Value for Sindhu Indhuja Nagar

Sindhu Indhuja Nagar guideline value

The current guideline value of Sindhu Indhuja Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Puzhal village under the Redhills SRO and is classified as Residential Class II Type - I.

How the guideline value of Sindhu Indhuja Nagar has changed

Over the years, the guideline value of Sindhu Indhuja Nagar has seen several revisions. In 2007, the guideline value was Rs 300 per sq.ft, which increased to Rs 800 per sq.ft in 2012, marking a significant increase of 167%. However, this value decreased to Rs 536 per sq.ft in 2017, reflecting a decline of 33%. The value then rose sharply to Rs 1,000 per sq.ft in 2023, an increase of 87%, and currently stands at Rs 1,100 per sq.ft following the 2024 revision, representing a 10% increase from the previous year.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 267%.

Guideline values in Puzhal

In Puzhal, there are 270 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 1,102 per sq.ft. Sindhu Indhuja Nagar's 2024 figure is slightly below this median.

• Sivanthi Aadithan Nagar: Rs 1,102 per sq.ft (2024)
• Sivaraj 1st Street: Rs 1,650 per sq.ft (2024)
• Sivaraj 2nd Lane: Rs 1,650 per sq.ft (2024)
• Sivaraj 2nd Street: Rs 1,650 per sq.ft (2024)
• Sivaraj 3rd Lane: Rs 1,650 per sq.ft (2024)
• Sivaraj First Lane: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Sindhu Indhuja Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total 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, bringing the total to Rs 99,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sindhu Indhuja Nagar?

The Sub Registrar Office that covers Sindhu Indhuja Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Puzhal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property in question. It is essential for buyers to be aware of the guideline value to ensure they are paying a fair price and to calculate the associated costs accurately.

Frequently asked questions

What is the current guideline value of Sindhu Indhuja Nagar?

The current guideline value of Sindhu Indhuja Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 300 per sq.ft to Rs 1,100 per sq.ft in 2024, representing an overall increase of 267%.

What is the land classification of Sindhu Indhuja Nagar?

Sindhu Indhuja Nagar is classified as Residential Class II Type - I.

Where can I find the registration office for Sindhu Indhuja Nagar?

The registration office for Sindhu Indhuja Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in Sindhu Indhuja Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 77,000.