Guideline Value for ILAWALAHAR STREET (WARD -7)

Ilawalahar Street (Ward -7) guideline value

The current guideline value of Ilawalahar Street (Ward -7) is Rs 1,321 per sq.ft. This street is located in Ninna Karai village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - V.

How the guideline value of Ilawalahar Street (Ward -7) has changed

Looking at the revisions, the guideline value for Ilawalahar Street (Ward -7) was Rs 1,200 per sq.ft in 2023, which increased by 10% to Rs 1,321 per sq.ft in the 2024 revision. Prior to that, the value was Rs 804 per sq.ft in 2017, reflecting a significant increase of 49% over six years.

In 2012, the guideline value was Rs 1,200 per sq.ft, which marked a decrease of 33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has seen an increase of 10%. The register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, placing Ilawalahar Street's 2024 figure above that median.

• Ilavazhaganar Street (Ward -7): Rs 1,760 per sq.ft (2024)
• Ilanthiraian Street (Ward -6): Rs 1,760 per sq.ft (2024)
• Imayavaramban Street (Ward -4): Rs 1,321 per sq.ft (2024)
• Indhu Garden (Sa): Rs 440 per sq.ft (2024)
• India Piston (Pa): Rs 550 per sq.ft (2024)
• Indira Ganthi Nagar (N): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Ilawalahar Street (Ward -7)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,321 per sq.ft, the total guideline value would be Rs 13,21,000. The stamp duty at 7% would amount to Rs 92,470, and the registration fee at 2% would be Rs 26,420, leading to a total of Rs 1,18,890. 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 information.

Which Sub Registrar Office covers Ilawalahar Street (Ward -7)?

The Sub Registrar Office that covers Ilawalahar Street (Ward -7) 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 details.

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

The guideline value is an essential factor during the registration of property transactions in Ninna Karai. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in real estate dealings.

When buying or selling property, the guideline value is used to calculate applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial obligations associated with the transaction.

Frequently asked questions

What is the current guideline value of Ilawalahar Street (Ward -7)?

The current guideline value of Ilawalahar Street (Ward -7) is Rs 1,321 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 804 per sq.ft in 2017 to Rs 1,321 per sq.ft in 2024, reflecting an overall increase of 10% from 2012 to 2024.

What is the land classification for Ilawalahar Street?

Ilawalahar Street is classified as Residential Special Type - V, indicating its suitability for residential purposes.

What are the stamp duty rates for properties in Ninna Karai?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, along with a registration fee of 2% on the guideline value.

Where is the Sub Registrar Office for Ilawalahar Street located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.