Guideline Value for IYYAPPA AVENUE EXTN

Iyyappa Avenue Extn guideline value

The current guideline value of Iyyappa Avenue Extn is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Nadukuthagai village and falls under the Avadi Sub Registrar Office (SRO). The land classification for this street is Residential Class II Type - II.

How the guideline value of Iyyappa Avenue Extn has changed

The guideline value for Iyyappa Avenue Extn has seen several revisions over the years. The 2012 revision set the value at Rs 550 per sq.ft, which then decreased to Rs 368 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 550 per sq.ft, and the latest 2024 revision has raised it further to Rs 600 per sq.ft, marking a 9% increase from the previous year.

From 2012 to 2017, there was a significant decrease of 33%. However, from 2017 to 2023, the value increased by 49%, leading to an overall increase of 9% from the 2012 revision to the 2024 revision. The register has no figures for the years 2002, 2003, or 2007 for this street.

Guideline values in Nadukuthagai

Nadukuthagai village has a total of 35 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 1,980 per sq.ft. The median guideline value for these streets is Rs 880 per sq.ft, placing Iyyappa Avenue Extn's 2024 figure below that median.

• Iyyappa Nagar: Rs 600 per sq.ft (2024)
• Indira Gandhi Nagar: Rs 600 per sq.ft (2024)
• Kailash Nagar: Rs 1,590 per sq.ft (2024)
• Kailash Nagar Extn: Rs 1,590 per sq.ft (2024)
• Gokulam Street / Nagar: Rs 660 per sq.ft (2024)
• Gayathri Nagar And Cross Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Iyyappa Avenue Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Iyyappa Avenue Extn?

The Iyyappa Avenue Extn falls under 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 Nadukuthagai

The guideline value is a crucial factor in the registration process when buying or selling property in Nadukuthagai. It serves as a benchmark for determining the stamp duty and registration fees payable during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is registered at a value that reflects the official assessment of the area's worth. This process helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Iyyappa Avenue Extn?

The current guideline value of Iyyappa Avenue Extn is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2012 to Rs 368 per sq.ft in 2017, then back to Rs 550 per sq.ft in 2023, and finally to Rs 600 per sq.ft in 2024.

What is the median guideline value in Nadukuthagai?

The median guideline value for the 35 streets in Nadukuthagai is Rs 880 per sq.ft, with Iyyappa Avenue Extn's 2024 figure being below this median.

What are the stamp duty rates for properties in Iyyappa Avenue Extn?

The stamp duty for properties in Iyyappa Avenue Extn is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Avadi Sub Registrar Office located?

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