Guideline Value for IMMANUEL ST

Immanuel St guideline value

The current guideline value of Immanuel St in Vilingiyambakkam village is Rs 935 per sq.ft, effective from 1 July 2024. This street falls under the Avadi Sub Registrar Office (SRO) and is classified as Residential Class II Type - II.

How the guideline value of Immanuel St has changed

The guideline value for Immanuel St has seen several revisions over the years. The 2012 revision set the value at Rs 850 per sq.ft, which then decreased to Rs 569 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value significantly increased by 49% to reach Rs 850 per sq.ft. The latest revision in 2024 has further increased the guideline value to Rs 935 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft. The median value for these streets is Rs 935 per sq.ft, which is the same as the current guideline value for Immanuel St.

• Guru Kiruba Garden: Rs 935 per sq.ft (2024)
• Govindaraji St: Rs 935 per sq.ft (2024)
• G.N.Samy St: Rs 1,310 per sq.ft (2024)
• Jeyaprakash Narayanan St: Rs 935 per sq.ft (2024)
• Jothi Ramalingam St: Rs 1,310 per sq.ft (2024)
• Ganesh Nagar: Rs 1,310 per sq.ft (2024)

Stamp duty and registration fee for property in Immanuel St

For a 1,000 sq.ft plot at the current guideline value of Rs 935 per sq.ft, the total guideline value would be Rs 9,35,000. The stamp duty at 7% would amount to Rs 65,450, and the registration fee at 2% would be Rs 18,700, totaling Rs 84,150. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Immanuel St?

The Sub Registrar Office that covers Immanuel St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Vilingiyambakkam. It is used as a benchmark for calculating stamp duty and registration fees, ensuring that both buyers and sellers are aware of the official value of the property being transacted.

When registering a property, the guideline value is considered to determine the applicable duties. Buyers should ensure that the sale price is not lower than the guideline value, as the higher value will be used for calculating the stamp duty.

Frequently asked questions

What is the current guideline value of Immanuel St?

The current guideline value of Immanuel St is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2012 to Rs 569 per sq.ft in 2017, then increased to Rs 850 per sq.ft in 2023, and finally to Rs 935 per sq.ft in 2024.

What is the land classification for Immanuel St?

Immanuel St is classified as Residential Class II Type - II, indicating its designation for residential purposes.

Where can I find the Sub Registrar Office for Immanuel St?

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

How is the stamp duty calculated for properties in Immanuel St?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 9,35,000 would incur a stamp duty of Rs 65,450 at 7%.