Guideline Value for ICIPL ESTATES

Icipl Estates guideline value

The current guideline value of Icipl Estates in Avoor village, under the Ponneri SRO, is Rs 100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Icipl Estates has changed

In the 2017 revision, the guideline value was Rs 67 per sq.ft. This figure increased to Rs 100 per sq.ft in the 2023 revision, marking a 49% rise. The 2024 revision also maintains the guideline value at Rs 100 per sq.ft, showing no change from the previous year.

The register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the overall change from the 2017 revision to the 2024 revision is an increase of 49%.

Guideline values in Avoor

Avoor village has 10 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 100 per sq.ft, with the median also being Rs 100 per sq.ft. Icipl Estates' 2024 figure aligns with this median.

• Immanuvel Garden: Rs 100 per sq.ft (2024)
• Green City Extension: Rs 100 per sq.ft (2024)
• Jesus Avenue: Rs 100 per sq.ft (2024)
• A R Garden: Rs 100 per sq.ft (2024)
• AlanKar Garden: Rs 100 per sq.ft (2024)
• Raja Rajeshwari Avenue: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Icipl Estates

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total fees to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Icipl Estates?

The Sub Registrar Office covering Icipl Estates is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Avoor. It is the benchmark used to calculate the stamp duty and registration fees, ensuring that all transactions are fairly assessed.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable fees. This process helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Icipl Estates?

The current guideline value of Icipl Estates is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From the 2017 revision to the 2023 revision, the guideline value increased from Rs 67 per sq.ft to Rs 100 per sq.ft, a rise of 49%. The value remained unchanged from 2023 to 2024.

What is the land classification of Icipl Estates?

Icipl Estates is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where is the Ponneri Sub Registrar Office located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is stamp duty calculated for property in Icipl Estates?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 1,00,000, the stamp duty at 7% would be Rs 7,000, along with a registration fee of Rs 2,000.