Guideline Value for IMMATH NAGAR

Immath Nagar guideline value

The current guideline value of Immath Nagar, located in Thiruninravur-B village under the Avadi SRO, is Rs 770 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - III land classification.

How the guideline value of Immath Nagar has changed

The guideline value for Immath Nagar has seen several revisions over the years. In 2017, the guideline value was Rs 469 per sq.ft. This increased significantly to Rs 700 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 set the value at Rs 770 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 1,760 per sq.ft. The median value for these streets is Rs 770 per sq.ft, which is equal to the guideline value of Immath Nagar.

• Indian Steel Roll Mill: Rs 870 per sq.ft (2024)
• Indira Gandhi St: Rs 440 per sq.ft (2024)
• Hebron Avenue: Rs 1,320 per sq.ft (2024)
• Indira Nagar Annexe: Rs 1,190 per sq.ft (2024)
• Harijan Palla St: Rs 440 per sq.ft (2024)
• Harijan Mettu St: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Immath Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty, charged at 7%, would be Rs 53,900, while the registration fee at 2% would be Rs 15,400. Together, the total cost for these fees would be Rs 69,300. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Immath Nagar?

The Sub Registrar Office that covers Immath 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. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-B

The guideline value is a crucial factor during the registration of property transactions in Thiruninravur-B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions based on established values.

Frequently asked questions

What is the current guideline value of Immath Nagar?

The current guideline value of Immath Nagar is Rs 770 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 469 per sq.ft to Rs 770 per sq.ft in 2024, marking an overall increase of 64%.

What are the other streets in Thiruninravur-B with their guideline values?

Other streets in Thiruninravur-B include Indian Steel Roll Mill at Rs 870 per sq.ft, Indira Gandhi St at Rs 440 per sq.ft, and Hebron Avenue at Rs 1,320 per sq.ft, among others.

What fees are associated with buying property in Immath Nagar?

The fees associated with buying property in Immath Nagar include stamp duty at 7% and registration fees at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Immath Nagar?

The Sub Registrar Office for Immath 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.