Guideline Value for IYAMPETTAI STREET

Iyampettai Street guideline value

The current guideline value of Iyampettai Street in Thiruporur village, under the Thiruporur SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is classified as Commercial Class I Type - I.

How the guideline value of Iyampettai Street has changed

The guideline value for Iyampettai Street has seen several revisions over the years. The 2007 revision set the value at Rs 400 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 150% rise. However, in the 2017 revision, the value decreased to Rs 670 per sq.ft, a drop of 33%. The value then rose again to Rs 1,000 per sq.ft in 2023, before reaching the current rate of Rs 1,100 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the current 2024 figure, there has been a substantial increase of 175%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thiruporur

In Thiruporur village, there are 31 streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 495 to Rs 4,500 per sq.ft. The median value is Rs 880 per sq.ft, making Iyampettai Street's 2024 figure of Rs 1,100 per sq.ft above this median.

• Isha Avni: Rs 1,650 per sq.ft (2024)
• Illalore Road: Rs 880 per sq.ft (2024)
• Harijan Colony: Rs 495 per sq.ft (2024)
• Kacheri Santhu Street: Rs 770 per sq.ft (2024)
• Gokul Avenue: Rs 1,320 per sq.ft (2024)
• Gandhi Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Iyampettai Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Iyampettai Street?

The Iyampettai Street falls under the Thiruporur Sub Registrar Office located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Thiruporur. It serves as a reference point for determining the stamp duty and registration fees that need to be paid when buying or selling a property.

When a property is registered, the guideline value is used to calculate the applicable duties and fees, ensuring that both the buyer and seller are aware of the financial implications of the transaction. This helps maintain transparency in property dealings.

Frequently asked questions

What is the current guideline value of Iyampettai Street?

The current guideline value of Iyampettai Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 175% over the years.

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

Other streets in Thiruporur include Isha Avni at Rs 1,650 per sq.ft, Illalore Road at Rs 880 per sq.ft, and Harijan Colony at Rs 495 per sq.ft, among others.

How is stamp duty calculated for properties in Iyampettai Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 11,00,000 would incur a stamp duty of Rs 77,000.

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

The Sub Registrar Office for Iyampettai Street is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.