Guideline Value for IAWARYAM NAGAR

Iawaryam Nagar guideline value

The current guideline value of Iawaryam Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area falls under Kottaikadu village and is registered with the Cheyyur SRO. The land classification for this locality is Residential Class I Type - I.

How the guideline value of Iawaryam Nagar has changed

The guideline value for Iawaryam Nagar has remained stable over the years. In the 2023 revision, the guideline value was Rs 400 per sq.ft, and this figure has not changed in the 2024 revision, which also lists the guideline value at Rs 400 per sq.ft. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

As there has been no change from 2023 to 2024, the guideline value reflects a consistent rate of Rs 400 per sq.ft. This stability indicates that the valuation for this area has not fluctuated in recent years.

Guideline values in Kottaikadu

Currently, there are no specific guideline values available for other streets in Kottaikadu under the Cheyyur SRO. Iawaryam Nagar is the only street mentioned in the available data.

Stamp duty and registration fee for property in Iawaryam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, leading to a total cost of Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Iawaryam Nagar?

The Iawaryam Nagar area is covered by the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. For further assistance, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kottaikadu. It determines the minimum value at which a property can be registered, impacting the stamp duty and registration fees that need to be paid.

When a property transaction occurs, the guideline value serves as a benchmark for valuation. Buyers and sellers must be aware that the duty is charged based on the higher of the guideline value or the sale price, ensuring that the appropriate fees are calculated accurately during registration.

Frequently asked questions

What is the current guideline value of Iawaryam Nagar?

The current guideline value of Iawaryam Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Iawaryam Nagar has remained at Rs 400 per sq.ft since the 2023 revision, with no changes noted in the 2024 revision. There are no figures available for earlier revisions from 2017, 2012, 2007, 2003, and 2002 for this street.

What is the stamp duty rate for property in Iawaryam Nagar?

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

Where is the Cheyyur Sub Registrar Office located?

The Cheyyur Sub Registrar Office is located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used as a minimum benchmark for property registration, influencing the stamp duty and registration fees. It is essential for buyers and sellers to be aware that the duty is calculated based on the higher of the guideline value or the sale price.