Guideline Value for IRUDHAYAPURAM (DOOMING KUPPAM)

Irudhayapuram (Dooming Kuppam) guideline value

The current guideline value of Irudhayapuram (Dooming Kuppam) is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Mylapore village, under the jurisdiction of the Mylapore SRO, and is classified as Residential Class V Type - III.

How the guideline value of Irudhayapuram (Dooming Kuppam) has changed

In the 2012 revision, the guideline value was set at Rs 3,000 per sq.ft. This figure remained unchanged through the 2023 revision, which also recorded Rs 3,000 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 3,300 per sq.ft, marking a 10% rise from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 10%.

The register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Mylapore

Mylapore village has a total of 883 streets under the Mylapore SRO, with 2024 guideline values ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value for these streets is Rs 8,800 per sq.ft, placing the 2024 figure for Irudhayapuram (Dooming Kuppam) below this median.

• Irusappa Kiramani Street: Rs 8,800 per sq.ft (2024)
• Iyemperumal Street: Rs 8,800 per sq.ft (2024)
• Indirani Ammal Street: Rs 8,800 per sq.ft (2024)
• Jagadambal Colony 1st Street: Rs 8,800 per sq.ft (2024)
• Jagadambal Colony 2nd Street: Rs 8,800 per sq.ft (2024)
• Iluppai Thoppu: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Irudhayapuram (Dooming Kuppam)

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Irudhayapuram (Dooming Kuppam)?

The Sub Registrar Office that covers Irudhayapuram (Dooming Kuppam) is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, crescent Street, Alwarpet, Chennai -600018. You can find your SRO for more information.

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

The guideline value is a crucial factor in the property registration process in Mylapore. It serves as a benchmark for determining the minimum value of a property for the purposes of stamp duty and registration fees.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are paid based on the established rates. This process helps maintain transparency and fairness in real estate transactions.

Frequently asked questions

What is the current guideline value of Irudhayapuram (Dooming Kuppam)?

The current guideline value of Irudhayapuram (Dooming Kuppam) is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 3,300 per sq.ft in 2024, marking a 10% increase. The figure remained unchanged from 2012 to 2023.

What is the land classification of Irudhayapuram (Dooming Kuppam)?

Irudhayapuram (Dooming Kuppam) is classified as Residential Class V Type - III. This classification indicates the type of development permissible in the area.

What is the registration office for properties in Irudhayapuram (Dooming Kuppam)?

The registration office for properties in Irudhayapuram (Dooming Kuppam) is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, crescent Street, Alwarpet, Chennai -600018.

How is stamp duty calculated for properties in Irudhayapuram (Dooming Kuppam)?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at 7%.