Guideline Value for I.A.F. Road

I.A.F. Road guideline value

The current guideline value of I.A.F. Road in Kovilpathagai village is Rs 805 per sq.ft, effective from 1 July 2024. This street falls under the Ambattur SRO and is classified as Residential Class II Type - II.

How the guideline value of I.A.F. Road has changed

The guideline value for I.A.F. Road has seen several revisions over the years. In the 2012 revision, the value was set at Rs 700 per sq.ft. This increased to Rs 469 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value rose significantly by 72% to reach Rs 805 per sq.ft. The 2023 revision maintained the same value of Rs 805 per sq.ft in the 2024 revision, indicating no change.

There are no figures available for the revisions in 2002, 2003, and 2007 for I.A.F. Road. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 15%.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO, with guideline values ranging from Rs 803 to Rs 2,900 per sq.ft as of 2024. The median guideline value for these streets is Rs 870 per sq.ft, placing the I.A.F. Road guideline value below this median.

• Hemalakshmi Street (Ashok Nagar): Rs 806 per sq.ft (2024)
• Hemalakshmi Nagar: Rs 803 per sq.ft (2024)
• Hari Krishna Nagar M.R.P. Avenue: Rs 806 per sq.ft (2024)
• Hari Krishna Nagar Balaji Avenue: Rs 806 per sq.ft (2024)
• Hari Krishna Nagar: Rs 806 per sq.ft (2024)
• Indiraji Street: Rs 806 per sq.ft (2024)

Stamp duty and registration fee for property in I.A.F. Road

For a 1,000 sq.ft plot at the current guideline value of Rs 805 per sq.ft, the total guideline value would be Rs 8,05,000. The stamp duty at 7% would amount to Rs 56,350, and the registration fee at 2% would be Rs 16,100, leading to a total cost of Rs 72,450. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers I.A.F. Road?

The I.A.F. Road is covered by 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 plays a crucial role in the registration process of property transactions in Kovilpathagai. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the guideline value, as it directly influences the costs involved in property registration. The guideline value ensures that the transaction is recorded at a fair value, reflecting the current market conditions.

Frequently asked questions

What is the current guideline value of I.A.F. Road?

The current guideline value of I.A.F. Road is Rs 805 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 805 per sq.ft in 2023 and remained the same in 2024.

What is the land classification for I.A.F. Road?

I.A.F. Road is classified as Residential Class II Type - II under the Ambattur SRO.

Where can I find the Sub Registrar Office for I.A.F. Road?

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

How is stamp duty calculated for properties in Kovilpathagai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,05,000, the stamp duty would be Rs 56,350 at a rate of 7%.