Guideline Value for INIYA NAGAR

Iniya Nagar guideline value

The current guideline value of Iniya Nagar is Rs 800 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village under the Chengleput Joint II SRO and is classified as Residential Class II Type - I.

How the guideline value of Iniya Nagar has changed

The guideline value for Iniya Nagar has remained stable at Rs 800 per sq.ft from the 2023 revision to the 2024 revision, reflecting a change of +0%. Prior to this, there are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street.

In the 2023 revision, the guideline value was also Rs 800 per sq.ft. This consistency indicates no fluctuation in the guideline value for Iniya Nagar over the past two years.

Guideline values in Kolathur

In Kolathur, there are a total of 58 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 500 to Rs 1,600 per sq.ft. The median value for these streets is Rs 600 per sq.ft, placing Iniya Nagar's 2024 figure above that median.

• Jawhars Emerald Garden: Rs 600 per sq.ft (2024)
• Jayam Nagar: Rs 600 per sq.ft (2024)
• Jerusalam Nagar: Rs 600 per sq.ft (2024)
• Green Hill Avenue: Rs 850 per sq.ft (2024)
• J.P.Jai Residency: Rs 700 per sq.ft (2024)
• Gomathi Amman Nagar Annex- I: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Iniya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, making a total of Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating your fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Iniya Nagar?

The Sub Registrar Office that covers Iniya Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process for property transactions in Kolathur. It determines the minimum value at which properties must be registered, influencing the stamp duty and registration fees payable by buyers.

When selling a property, the guideline value serves as a benchmark for assessing the transaction's legitimacy, ensuring that properties are not undervalued during registration. This helps maintain transparency in real estate transactions within the region.

Frequently asked questions

What is the current guideline value of Iniya Nagar?

The current guideline value of Iniya Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Iniya Nagar has remained at Rs 800 per sq.ft from the 2023 revision to the 2024 revision, with no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Iniya Nagar?

Iniya Nagar is classified as Residential Class II Type - I, indicating its use for residential purposes.

What are the other streets in Kolathur with their guideline values?

Other streets in Kolathur include Jawhars Emerald Garden, Jayam Nagar, Jerusalam Nagar, Green Hill Avenue, J.P.Jai Residency, and Gomathi Amman Nagar Annex- I, with guideline values ranging from Rs 600 to Rs 850 per sq.ft in 2024.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles registrations for properties in Iniya Nagar and the surrounding areas.