Guideline Value for IMAYAM NAGAR

Imayam Nagar guideline value

The current guideline value of Imayam Nagar, located in Devathanam village under the Ponneri SRO, is Rs 111 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - III land classification.

How the guideline value of Imayam Nagar has changed

In the 2017 revision, the guideline value was set at Rs 74 per sq.ft. This figure increased by 50% to Rs 111 per sq.ft in the 2023 revision. The register has no figure for the years 2002, 2003, 2007, and 2012 for this street.

With the 2024 revision, the guideline value remains at Rs 111 per sq.ft, showing no change from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 50%.

Guideline values in Devathanam

In Devathanam, there are 23 streets under the Ponneri SRO with a 2024 guideline value ranging from Rs 100 to Rs 111 per sq.ft. The median value for these streets is Rs 100 per sq.ft, placing Imayam Nagar's 2024 figure above that median.

• Green City: Rs 100 per sq.ft (2024)
• Jeremiah City: Rs 111 per sq.ft (2024)
• J S Nagar: Rs 100 per sq.ft (2024)
• Gandhi Nagar: Rs 100 per sq.ft (2024)
• Dr.M.G.R.NAGAR PHASE-III,IV: Rs 100 per sq.ft (2024)
• Dheepam Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Imayam Nagar

For a 1,000 sq.ft plot at the current rate of Rs 111 per sq.ft, the guideline value would be Rs 1,11,000. The stamp duty at 7% would amount to Rs 7,770, and the registration fee at 2% would be Rs 2,220, totaling Rs 9,990. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Imayam Nagar?

The Imayam Nagar area falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a critical factor during property registration in Devathanam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for the transaction. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Imayam Nagar?

The current guideline value of Imayam Nagar is Rs 111 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 74 per sq.ft in 2017 to Rs 111 per sq.ft in 2023, and it remains at Rs 111 per sq.ft in 2024, showing an overall increase of 50% from 2017 to 2024.

What is the land classification of Imayam Nagar?

Imayam Nagar falls under the Residential Class I Type - III land classification.

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

For a property valued at Rs 1,11,000, the stamp duty would be Rs 7,770 and the registration fee would be Rs 2,220, totaling Rs 9,990.

Which office handles registrations for Imayam Nagar?

The Ponneri Sub Registrar Office handles registrations for Imayam Nagar, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.