Guideline Value for IAYYAPPA GARDAN

Iayyappa Gardan guideline value

The current guideline value of Iayyappa Gardan is Rs 700 per sq.ft. This street is located in Kayirambedu village under the Chengleput Joint II SRO, classified as Residential Special Type - II.

How the guideline value of Iayyappa Gardan has changed

The guideline value for Iayyappa Gardan has undergone several revisions over the years. The earliest recorded figure is from 2012, where it was set at Rs 700 per sq.ft. In 2017, the value dropped to Rs 469 per sq.ft, marking a decrease of 33%. However, by 2023, the value increased to Rs 700 per sq.ft again. The most recent revision in 2024 maintains this figure at Rs 700 per sq.ft, indicating no change from the previous year.

There are also revisions from years where the register has no figure for this street, specifically in 2002, 2003, and 2007. From 2017 to 2023, the value increased by 49%, but overall, from 2012 to 2024, there has been no change in the guideline value.

Guideline values in Kayirambedu

In Kayirambedu village, there are 120 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,550 per sq.ft, with the median being Rs 700 per sq.ft. The guideline value of Iayyappa Gardan is equal to this median.

• Inba Avenue: Rs 2,389 per sq.ft (2024)
• Indra Gandhi Nagar: Rs 700 per sq.ft (2024)
• Guru Ganesh Nagar: Rs 800 per sq.ft (2024)
• Guru Avenue: Rs 700 per sq.ft (2024)
• Green Park Avenue: Rs 700 per sq.ft (2024)
• Jawarharlal Nehru Nagar Extention: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Iayyappa Gardan

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total fees together to Rs 63,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Iayyappa Gardan?

The Sub Registrar Office that covers Iayyappa Gardan is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Kayirambedu

The guideline value plays a crucial role in the registration process when buying or selling property in Kayirambedu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in real estate transactions.

When property is sold, the guideline value is considered to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Iayyappa Gardan?

The current guideline value of Iayyappa Gardan is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining it at Rs 700 per sq.ft. The value dropped to Rs 469 per sq.ft in 2017 but returned to Rs 700 per sq.ft in 2023.

What is the land classification for Iayyappa Gardan?

Iayyappa Gardan is classified as Residential Special Type - II, which indicates its intended use for residential purposes.

What are the stamp duty and registration fees for a property in Iayyappa Gardan?

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Iayyappa Gardan located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles registrations for properties in Iayyappa Gardan.