Guideline Value for IMANUVEL NAGAR

Imanuvel Nagar guideline value

The current guideline value of Imanuvel Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Kurumpirai village under the Salavakkam SRO, classified as Residential Class I Type - I.

How the guideline value of Imanuvel Nagar has changed

In the 2012 revision, the guideline value was set at Rs 100 per sq.ft. This figure remained unchanged in the 2017 revision, where it was Rs 67 per sq.ft. The 2023 revision also maintained the value at Rs 100 per sq.ft. The register has no figure for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 100 per sq.ft.

Guideline values in Kurumpirai

In Kurumpirai village, there are 9 streets under the Salavakkam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 134 per sq.ft, with the median being Rs 100 per sq.ft. Imanuvel Nagar's 2024 figure aligns with this median value.

• Iswaryam Nagar: Rs 100 per sq.ft (2024)
• Bright Garden: Rs 100 per sq.ft (2024)
• Nehru Nagar: Rs 100 per sq.ft (2024)
• Om Sakthi Sai Nagar: Rs 100 per sq.ft (2024)
• Rainbow Nagar: Rs 102 per sq.ft (2024)
• Rainbow Nagar Phase-1: Rs 102 per sq.ft (2024)

Stamp duty and registration fee for property in Imanuvel Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value is 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, making the total Rs 9,000. 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 Imanuvel Nagar?

The Sub Registrar Office covering Imanuvel Nagar is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Kurumpirai. It is used to determine the stamp duty and registration fees that must be paid at the time of registration. This ensures that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value is compared to the sale price. The higher of the two figures is used to calculate the applicable duties and fees, ensuring compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Imanuvel Nagar?

The current guideline value of Imanuvel Nagar is Rs 100 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 100 per sq.ft. The value increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2023.

What is the classification of land in Imanuvel Nagar?

Imanuvel Nagar is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for properties in Imanuvel Nagar?

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000, and the registration fee would be Rs 2,000, totaling Rs 9,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Imanuvel Nagar?

The Salavakkam Sub Registrar Office covers Imanuvel Nagar and is located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.