Guideline Value for IMAYAVARAMBAN STREET (WARD -4)

Imayavaramban Street (Ward -4) guideline value

The current guideline value of Imayavaramban Street (Ward -4) is Rs 1,321 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village, under the Chengleput Joint II SRO, classified as Residential Special Type - V.

How the guideline value of Imayavaramban Street (Ward -4) has changed

The guideline value for Imayavaramban Street has seen several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in the 2017 revision, marking a decline of 33%. In 2023, the value increased to Rs 1,200 per sq.ft, and in the latest 2024 revision, it rose again to Rs 1,321 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 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, positioning Imayavaramban Street's 2024 figure above that median.

• Ilawalahar Street (Ward -7): Rs 1,321 per sq.ft (2024)
• Ilavazhaganar Street (Ward -7): Rs 1,760 per sq.ft (2024)
• Ilanthiraian Street (Ward -6): Rs 1,760 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 Imayavaramban Street (Ward -4)

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, bringing the total fees to 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 details.

Which Sub Registrar Office covers Imayavaramban Street (Ward -4)?

The Sub Registrar Office that covers Imayavaramban Street (Ward -4) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Ninna Karai. It determines the minimum value at which properties 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 reference point for both buyers and sellers. It helps in assessing the fair value of the property and ensures transparency in the transaction process.

Frequently asked questions

What is the current guideline value of Imayavaramban Street (Ward -4)?

The current guideline value of Imayavaramban Street (Ward -4) 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 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,321 per sq.ft in 2024.

What is the land classification for Imayavaramban Street?

Imayavaramban Street is classified as Residential Special Type - V.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 13,21,000, the stamp duty would be Rs 92,470, and the registration fee would be Rs 26,420, totaling Rs 1,18,890.

Which office handles registrations for Imayavaramban Street?

The Chengleput Joint II Sub Registrar Office handles registrations for Imayavaramban Street (Ward -4), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.