Guideline Value for IYAPPAN KOIL ST

Iyappan Koil St guideline value

The current guideline value of Iyappan Koil St in Paruthipattu village is Rs 1,625 per sq.ft, effective from 1 July 2024. This street falls under the Avadi Sub Registrar Office (SRO) and is classified as Residential Special Type - I.

How the guideline value of Iyappan Koil St has changed

The guideline value of Iyappan Koil St has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was set at Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in 2017. The subsequent revision in 2023 raised the value to Rs 1,500 per sq.ft, and the most recent revision in 2024 has increased it further to Rs 1,625 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the guideline value increased significantly by 87%. The change from 2023 to 2024 reflects an increase of 8%. Overall, from 2012 to 2024, the guideline value has risen by 35%.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft. The median guideline value for these streets is Rs 1,625 per sq.ft, which is the same as the current value for Iyappan Koil St.

• Indira St: Rs 950 per sq.ft (2024)
• Indiran Gandhi St Konambedu: Rs 950 per sq.ft (2024)
• Indira Nagar 2nd St: Rs 1,625 per sq.ft (2024)
• Indira Nagar 1st St: Rs 1,625 per sq.ft (2024)
• Indira Gandhi Nagar: Rs 1,625 per sq.ft (2024)
• Ideal Home In M.R.Garden: Rs 1,625 per sq.ft (2024)

Stamp duty and registration fee for property in Iyappan Koil St

For a 1,000 sq.ft plot at the current guideline value of Rs 1,625 per sq.ft, the total guideline value amounts to Rs 16,25,000. The stamp duty at 7% would be Rs 1,13,750, and the registration fee at 2% would be Rs 32,500, bringing the total to Rs 1,46,250. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Iyappan Koil St?

The Iyappan Koil St is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Paruthipattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in assessing the fair value of a property. Buyers and sellers should be aware of the current guideline value to ensure that they are making informed decisions during the transaction process.

Frequently asked questions

What is the current guideline value of Iyappan Koil St?

The current guideline value of Iyappan Koil St is Rs 1,625 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,625 per sq.ft in 2024.

What are the other streets in Paruthipattu with similar guideline values?

Other streets in Paruthipattu with similar guideline values include Indira Nagar 2nd St, Indira Nagar 1st St, Indira Gandhi Nagar, and Ideal Home In M.R.Garden, all valued at Rs 1,625 per sq.ft in 2024.

What is the registration fee for property in Iyappan Koil St?

The registration fee for property in Iyappan Koil St is 2% of the guideline value, which amounts to Rs 32,500 for a 1,000 sq.ft plot at the current rate.

Where can I find the Sub Registrar Office for Iyappan Koil St?

The Sub Registrar Office covering Iyappan Koil St is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.