Guideline Value for IYRA AARANYA

Iyra Aaranya guideline value

The current guideline value of Iyra Aaranya in Hastinapuram village is Rs 2,970 per sq.ft, effective from 1 July 2024. This property falls under the Pallavaram Sub Registrar Office and is classified as Residential Class I Type - I.

How the guideline value of Iyra Aaranya has changed

In the 2023 revision, the guideline value for Iyra Aaranya was Rs 2,700 per sq.ft. The most recent revision in 2024 has increased this value to Rs 2,970 per sq.ft, reflecting a change of +10%. The register has no figure for this street in the revisions from 2017, 2012, 2007, 2003, and 2002.

To summarize the changes, the guideline value increased from Rs 2,700 per sq.ft in 2023 to Rs 2,970 per sq.ft in 2024. The absence of figures for previous revisions indicates that there were no recorded changes for this street during those years.

Guideline values in Hastinapuram

Hastinapuram has a total of 277 streets under the Pallavaram SRO, with the 2024 guideline values ranging from Rs 1,650 to Rs 4,400 per sq.ft. The median guideline value for the village is Rs 2,970 per sq.ft, placing Iyra Aaranya at this median rate.

• Iyyasamy School Street: Rs 2,970 per sq.ft (2024)
• Iyyasamy Street: Rs 4,400 per sq.ft (2024)
• Jain Nagar: Rs 2,970 per sq.ft (2024)
• Jain Nagar 1st Main Road: Rs 2,970 per sq.ft (2024)
• Jain Nagar 2nd Main Road: Rs 2,970 per sq.ft (2024)
• Jain Nagar 3rd Main Road: Rs 2,970 per sq.ft (2024)

Stamp duty and registration fee for property in Iyra Aaranya

For a 1,000 sq.ft plot at the current guideline value of Rs 2,970 per sq.ft, the total guideline value amounts to Rs 29,70,000. The stamp duty at 7% would be Rs 2,07,900, and the registration fee at 2% would be Rs 59,400, making the total cost Rs 2,67,300. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Iyra Aaranya?

The Iyra Aaranya property is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. To find your specific SRO, visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Hastinapuram. It is used to determine the stamp duty and registration fees that buyers must pay when registering a property. This ensures that the transaction is recorded accurately and complies with local regulations.

When buying or selling property, the guideline value serves as a benchmark for the minimum value at which the property can be registered. This helps maintain transparency in property transactions and prevents undervaluation of properties.

Frequently asked questions

What is the current guideline value of Iyra Aaranya?

The current guideline value of Iyra Aaranya is Rs 2,970 per sq.ft, effective from 1 July 2024.

How has the guideline value changed recently?

In the 2023 revision, the guideline value was Rs 2,700 per sq.ft, which increased to Rs 2,970 per sq.ft in the 2024 revision, marking a +10% change.

What is the land classification for Iyra Aaranya?

Iyra Aaranya is classified as Residential Class I Type - I, indicating its primary use for residential purposes.

Where can I find the registration office for Iyra Aaranya?

The registration office for Iyra Aaranya is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is the stamp duty calculated for properties in Iyra Aaranya?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 29,70,000 would incur a stamp duty of Rs 2,07,900 at 7%.