Guideline Value for IMAYAM NAGAR

Imayam Nagar guideline value

The current guideline value of Imayam Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This locality is situated in Kalpakkam village, under the Ponneri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Imayam Nagar has changed

The guideline value for Imayam Nagar has undergone several revisions over the years. In the 2017 revision, the guideline value was set at Rs 67 per sq.ft. This increased significantly to Rs 100 per sq.ft in the 2023 revision, marking a 49% rise. The 2024 revision maintained this value at Rs 100 per sq.ft, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, there has been a 49% increase in the guideline value.

Guideline values in Kalpakkam

In Kalpakkam, there are 21 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 at Rs 100 per sq.ft. Imayam Nagar's 2024 figure aligns with this median.

• Iswariam Nagar: Rs 100 per sq.ft (2024)
• Jay Nagar Ext: Rs 100 per sq.ft (2024)
• Kalpakkam Garden: Rs 100 per sq.ft (2024)
• Lakshmi Nagar: Rs 100 per sq.ft (2024)
• Leelavathy Nagar: Rs 100 per sq.ft (2024)
• A.R.S.Ramachandra 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 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty is charged at 7%, which totals Rs 7,000, and the registration fee at 2% amounts to Rs 2,000, bringing the total charges 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 use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Imayam Nagar?

The Sub Registrar Office that covers Imayam Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Kalpakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the guideline value is used to ensure that the transaction is registered at a value that reflects the official rates set by the government. This helps maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Imayam Nagar?

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

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 67 per sq.ft to Rs 100 per sq.ft in the 2023 and 2024 revisions, representing a 49% increase overall.

What is the land classification for Imayam Nagar?

Imayam Nagar is classified as Residential Class II Type - I, indicating its designation for residential purposes.

Where can I find the Ponneri Sub Registrar Office?

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

How is stamp duty calculated in Imayam Nagar?

Stamp duty in Imayam Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value incurs a stamp duty of Rs 7,000.