Guideline Value for IMMANUEL NAGAR

Immanuel Nagar guideline value

The current guideline value of Immanuel Nagar is Rs 220 per sq.ft, effective from 1 July 2024. This area is located in Melpakkam village and falls under the Avadi SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Immanuel Nagar has changed

Looking at the revisions, the guideline value for Immanuel Nagar has seen changes over the years. The most recent revision in 2024 set the guideline value at Rs 220 per sq.ft, which is an increase from Rs 200 per sq.ft in the 2023 revision, marking a change of +10%. The register does not provide figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, the guideline values for Immanuel Nagar were not specified in the register for the earlier years mentioned. Therefore, the only revisions available are from 2023 and 2024.

Guideline values in Melpakkam

Currently, there are no specific village figures provided for Melpakkam. Immanuel Nagar is one of the streets under the Avadi SRO, and there are no other streets in Melpakkam listed.

Stamp duty and registration fee for property in Immanuel Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value amounts to Rs 2,20,000. The stamp duty, charged at 7%, would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, bringing the total fees together to Rs 19,800. It is important to note that duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Immanuel Nagar?

The Sub Registrar Office that covers Immanuel Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Melpakkam, as it determines the minimum value at which properties can be registered. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process. This value serves as a benchmark for the transaction and helps in determining the costs involved in the sale or purchase.

Frequently asked questions

What is the current guideline value of Immanuel Nagar?

The current guideline value of Immanuel Nagar is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Immanuel Nagar changed from Rs 200 per sq.ft in 2023 to Rs 220 per sq.ft in 2024, representing a +10% increase. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

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

For a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 15,400, and the registration fee would be Rs 4,400, totaling Rs 19,800. The duty is charged on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers Immanuel Nagar?

The Avadi Sub Registrar Office covers Immanuel Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What land classification is Immanuel Nagar under?

Immanuel Nagar is classified as Residential Class I Type - I. This classification is important for understanding the zoning and permissible uses of the land in this area.