Guideline Value for INAMTHAR STREET

Inamthar Street guideline value

The current guideline value of Inamthar Street is Rs 126 per sq.ft, effective from 1 July 2024. This street is located in Salavakkam village, under the Salavakkam SRO, classified as Residential Class II Type - I.

How the guideline value of Inamthar Street has changed

Inamthar Street has seen several revisions in its guideline value over the years. The most recent revision in 2024 maintains the value at Rs 126 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 84 per sq.ft, marking a 50% increase from 2017 to 2023. The 2012 revision recorded a value of Rs 125 per sq.ft, showing a decrease of 33% when compared to the 2017 figure. Overall, from 2012 to 2024, there has been a slight increase of 1% in the guideline value.

The register does not have figures for the years 2002, 2003, and 2007 for Inamthar Street. The 2012, 2017, 2023, and 2024 revisions provide the most recent insights into the guideline value.

Guideline values in Salavakkam

In Salavakkam, there are 38 streets under the Salavakkam SRO that have a 2024 guideline value ranging from Rs 100 to Rs 250 per sq.ft, with a median value of Rs 150 per sq.ft. Inamthar Street's current guideline value of Rs 126 per sq.ft is below this median.

• Indira Nagar: Rs 175 per sq.ft (2024)
• Jai Nagar: Rs 126 per sq.ft (2024)
• Kammala Street: Rs 150 per sq.ft (2024)
• Karuneegar Street: Rs 150 per sq.ft (2024)
• Dhanalakshmi Nagar Extension -I: Rs 200 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 126 per sq.ft (2024)

Stamp duty and registration fee for property in Inamthar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 126 per sq.ft, the total guideline value amounts to Rs 1,26,000. The stamp duty at 7% would be Rs 8,820, and the registration fee at 2% would be Rs 2,520, leading to a total of Rs 11,340. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Inamthar Street?

The Sub Registrar Office that covers Inamthar Street is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Salavakkam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This ensures that the government receives appropriate revenue from property transactions based on the established guideline values.

When selling property, the guideline value serves as a benchmark for the minimum price at which a property can be registered. This helps maintain transparency in property transactions and ensures that both buyers and sellers are aware of the official values set by the government.

Frequently asked questions

What is the current guideline value of Inamthar Street?

The current guideline value of Inamthar Street is Rs 126 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained the same at Rs 126 per sq.ft from 2023 to 2024. It increased from Rs 84 per sq.ft in 2017 to Rs 126 per sq.ft in 2023, marking a 50% increase.

What is the land classification for Inamthar Street?

Inamthar Street is classified as Residential Class II Type - I according to the guidelines set by the Salavakkam SRO.

Where can I find the Sub Registrar Office for Inamthar Street?

The Sub Registrar Office for Inamthar Street is located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Inamthar Street?

Stamp duty for properties in Inamthar Street is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,26,000, the stamp duty would be Rs 8,820 at 7%.