MAHANKAIndore · FY 2026–27
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Home/Indore/Tehsil Bhicholi Hapsi/WARD NO. 50 (BRAJESHVARI)/Chittra State
OFFICIAL VALUATION BENCHMARK · FY 2026–27

The official Collector Guideline circle rate for Chittra State in Tehsil Bhicholi Hapsi, Indore, Madhya Pradesh is ₹19,400/sqm (approx. ₹1,802/sqft) for residential plots as notified by MPIGR. Applicable stamp duty and registration fees vary by municipal classification and purchaser category — confirm with the local Sub-Registrar before registration.

MAHANKA DECISION SYNTHESISIndore, MP

Chittra State Intelligence Summary

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RERA Projects
0
0 ongoing · 0 completed
Guideline Benchmark
₹19,400
≈ ₹1,802/sqft
Development Zone
MATURE
0 active promoters
Valuation Tier
Above median
District benchmark
Strategic Decision SynthesisAUDITED 2026
Collector Benchmark: ₹19,400/sqm

Chittra State is an established residential/commercial zone with statutory guideline rates governed by the FY 2026–27 Indore Gazette.

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Chittra State

OFFICIAL GAZETTE RECORD📍 CURATED CENTROID
📍 Indore District🏛 Tehsil: Bhicholi Hapsi🏙 Ward 50 · WARD NO. 50 (BRAJESHVARI)📄 1 record attached
Residential PlotAbove median
₹ 19,400/ sqm
≈ ₹ 1,802 / sq ft
Standard Baseline Rate
Commercial RateCommercial
₹ 29,000/ sqm
≈ ₹ 2,694 / sq ft
Plots, Retail Shops & Offices
District PositionIndore
Standard
Above median pricing tier in Indore
Compared across Indore localities
Coverage & QAAUTO_COMPUTED
—
Auto-computed from rate and category coverage
Geo 75% · Page 111 · Serial 1145
Audit Explanation· Statutory Rate Context

Why this rate applies to Chittra State

This valuation is governed by the official Collector Guideline Schedule (FY 2026–27) for Indore District, under WARD NO. 50 (BRAJESHVARI) (Tehsil Bhicholi Hapsi). The statutory record is registered on Page 111 at Serial No. 1145.

Source Document: 2026-2027_C_Indore_EN.pdf·Status: Verified Gazette

City Master Plan & Statutory Zoning

Official TNCP / IDA

Statutory Development Plan, Land Use & Right-of-Way (RoW)

Plan ScheduleIndore Development Plan 2021 (Notified & Extended to 2035)
Designated Land Use Zone

Pipliyahana & Scheme 140 Residential & Semi-Public Zone

R2 • RESIDENTIAL
Base FAR1.5x
Max Sanctionable FAR2x
Statutorily Permitted Activities:
Residential ApartmentsPlotted TownshipsSports Complexes (Regional Park vicinity)Institutional Offices
Master Plan Road Alignment940m away
Indore Eastern Bypass Expressway (Rau Junction to Manglia / Dewas)
RoW: 75 Metersexpressway
Authority: Directorate of Town & Country Planning (TNCP MP)
Statutory planning data compiled from official Master Plan Gazette notifications & BDA/IDA Schemes. Site-specific building permissions subject to municipal clearance under MP Bhumi Vikas Niyam.
Tehsil Directory

Other Localities in Bhicholi Hapsi Tehsil

View all localities in this tehsil →
Aaditya Cosmopalitan, Nemawar Road Par Sthit * (1.2)Abrish Valley * (1.2)Airen WoodlandsAmpayar Victoriya Park, Bichholi MardanaAmpire StateAmrald Anant (devguradiya) * (1.2)Amrat Estate BhicholihapsiAnand Dham – II * (1.2)Anand Dham * (1.2)
Statutory Matrix

Government Guideline Rate Schedule (FY 2026–27)

18 Statutory Categories
Valuation CategoryClassification TypeOfficial Rate (₹ / sq m)Equivalent Rate (₹ / sq ft)
Residential PlotOpen Land / Plot₹ 19,400 / sqm₹ 1,802 / sq ft
Commercial PlotCommercial Open Land₹ 29,000 / sqm₹ 2,694 / sq ft
Industrial PlotIndustrial Zone Land₹ 19,400 / sqm₹ 1,802 / sq ft
RCC ConstructionPucca Concrete Structure₹ 33,400 / sqm₹ 3,103 / sq ft
Commercial ShopRetail Store Space₹ 44,600 / sqm₹ 4,143 / sq ft
Multi-Storey ResidentialApartment / Flat₹ 17,600 / sqm₹ 1,635 / sq ft
Agricultural Land (Irrigated)Cultivable Farmland₹ 19,40,00,000 / hectare₹ 1,802 / sq ft
Interactive Valuation Engine

Guideline Value Calculator

≈ 92.90 sq m
Indicative EstimateFY 2026–27
₹ 18,02,319

Estimated government guideline valuation for Chittra State

Calculation Audit Breakdown
Land Area Conversion92.90 sqm
1000 sqft × 0.092903 = 92.90 sqm
Land Component Guideline Value₹ 18,02,319
92.90 sqm × ₹19,400/sqm
Total Indicative Guideline Value₹ 18,02,319
Land Value (₹ 18,02,319) + Structure Value (₹ 0)
Disclaimer: Indicative estimate based on the official Madhya Pradesh Collector Guideline Rate Schedule (FY 2026–27). This calculation does not constitute an official government valuation certificate or a market transaction quote.
Institutional Capital, Legal & Risk Suite

Acquisition Readiness & Asset Structuring for Chittra State

Live borrowing capacity, exact stamp dues, and institutional protection underwriting.

Loan-to-Value (LTV):
Tenure:
Benchmark Rate:8.5% p.a.
Max Loan Sanction (80% LTV)
₹ 14,41,855
Collateral Base: ₹ 18,02,319
Indicative EMI (20 Yrs @ 8.5%)
₹ 12,513 / mo
Principal + Interest Component
Total Upfront Cash Required
₹ 5,64,708
20% Margin (₹ 3,60,464) + Govt Dues (₹ 1,89,244) + Legal Vetting (₹ 15,000)
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Direct Institutional Mortgage Matching

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RERA Development Intelligence

Built only from EXACT and STRONG matches to this locality. Unmatched registry rows are excluded.

No evidence-backed RERA matches for this locality.

Integration Pipeline

Statutory & Planning Signal Layers

Upcoming Connectors
🏗 MP RERA ProjectsQ3 2026

Registered promoter developments, completion timelines, and nearby density.

📐 Master Plan 2035Q3 2026

Town & Country Planning (T&CP) land-use zoning and proposed infrastructure corridors.

📜 MP Bhulekh KhasraQ4 2026

Village survey numbers and agricultural diversion status verification.

⚖️ Public NoticesQ4 2026

Statutory land acquisition, municipal claims, and gazette notifications feed.

Indicative Government Guideline Estimate

Mahanka is an independent intelligence platform and is not affiliated with, endorsed by, or an official representative of any government department. Values computed by our calculators are indicative estimates for informational and analytical purposes only. For official registration, stamp duty determination, or legal title verification, consult the relevant Sub-Registrar Office (SRO) or certified revenue authority.

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MAHANKA·Official Gazette FY 2026-27
● VERIFIED
Collector Guideline Value · Indore, MP

Chittra State

🏛 WARD NO. 50 (BRAJESHVARI)Tehsil Bhicholi Hapsi
Residential₹19,400 /sqm≈ ₹1,802/sqft
Commercial₹29,000 /sqm
Stamp Duty9.5%8.5% Female
mahanka.com/indore/chittra-stateMPIGR Gazette · Dept of Registration & Stamps
AEO / STATUTORY DIRECT ANSWERS

Frequently Asked Questions: Chittra State Property Valuation & Tax

The official collector guideline circle rate for residential plots in Chittra State (Tehsil Bhicholi Hapsi, Indore) is ₹19,400 per square meter (approx. ₹1,802 per square foot) as notified in the MPIGR Gazette schedule for FY 2026–27.

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Data sourced from MPIGR, TNCP MP Master Plans, and MP RERA · FY 2026–27
Mahanka is an independent intelligence platform, not an official government service.
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