Guideline Value for IYAPPA NAGAR

Iyappa Nagar guideline value

The current guideline value of Iyappa Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Kattavakkam village, under the Walajabad SRO, and is classified as Residential Class I Type - III.

How the guideline value of Iyappa Nagar has changed

The guideline value for Iyappa Nagar has remained consistent at Rs 300 per sq.ft since the 2023 revision, which also recorded the same figure. Prior to that, there have been no figures available for this street in the revisions of 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline value has not changed between the 2023 and 2024 revisions, reflecting a change of +0%. The 2024 revision marks the first recorded figure for this street since 2023.

Guideline values in Kattavakkam

In Kattavakkam, there are 19 streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 800 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, positioning Iyappa Nagar's 2024 figure below this median.

• Jemi Golden City: Rs 350 per sq.ft (2024)
• Millenium Square Phase-I,II,III: Rs 400 per sq.ft (2024)
• Millennium Square Sector-IV: Rs 800 per sq.ft (2024)
• Atchaya Avenue Phase-I: Rs 400 per sq.ft (2024)
• Annai Kanyakumari Nagar & Annai Kanyakumari Nagar Extension: Rs 300 per sq.ft (2024)
• Akshaya Avenue: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Iyappa Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, leading to a total cost of Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Iyappa Nagar?

The Sub Registrar Office that covers Iyappa Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during property transactions in Kattavakkam, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

At the time of registration, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the state revenue is accurately collected during property transactions.

Frequently asked questions

What is the current guideline value of Iyappa Nagar?

The current guideline value of Iyappa Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft since the 2023 revision, with no figures available for the revisions prior to that since 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Iyappa Nagar?

Iyappa Nagar is classified as Residential Class I Type - III, which indicates its designation for residential purposes.

What are the stamp duty and registration fees for property in Iyappa Nagar?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, a 1,000 sq.ft plot at Rs 300 per sq.ft incurs a total cost of Rs 27,000 for these fees.

Which office registers properties in Iyappa Nagar?

The Walajabad Sub Registrar Office is responsible for registering properties in Iyappa Nagar, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.