Guideline Value for IYYAPPA NAGAR

Iyyappa Nagar guideline value

The current guideline value of Iyyappa Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Moorai-1 village under the Avadi Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Iyyappa Nagar has changed

In the 2023 revision, the guideline value for Iyyappa Nagar was Rs 500 per sq.ft. The recent 2024 revision has increased this value to Rs 550 per sq.ft, marking a change of +10%. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, the only available revisions are from 2023 and 2024, with the previous years lacking any recorded figures. The increase from 2023 to 2024 reflects the current valuation standards set by the Registration Department.

Guideline values in Moorai-1

Moorai-1 village has a total of 13 streets under the Avadi SRO carrying a 2024 guideline value, ranging from Rs 220 to Rs 550 per sq.ft. The median value for these streets is Rs 550 per sq.ft, which is also the guideline value for Iyyappa Nagar.

• Ganga Avenue I: Rs 220 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 550 per sq.ft (2024)
• Devi Nagar: Rs 360 per sq.ft (2024)
• Lakshmi Garden: Rs 550 per sq.ft (2024)
• Sathya Nagar: Rs 360 per sq.ft (2024)
• Shanmugam Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Iyyappa Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. Duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Iyyappa Nagar?

The Sub Registrar Office that covers Iyyappa Nagar is 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 Moorai-1

The guideline value is an important factor during the registration of property transactions in Moorai-1. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately, reflecting the value of the property as per the official records. This process is crucial for maintaining transparency and legality in real estate transactions.

Frequently asked questions

What is the current guideline value of Iyyappa Nagar?

The current guideline value of Iyyappa Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed recently?

The guideline value increased from Rs 500 per sq.ft in 2023 to Rs 550 per sq.ft in 2024, reflecting a change of +10%.

What are the other streets in Moorai-1 with their guideline values?

Other streets in Moorai-1 include Ganga Avenue I at Rs 220 per sq.ft, Dhanalakshmi Nagar and Lakshmi Garden at Rs 550 per sq.ft, Devi Nagar and Sathya Nagar at Rs 360 per sq.ft, and Shanmugam Nagar at Rs 550 per sq.ft.

What fees are associated with buying property in Iyyappa Nagar?

When buying property in Iyyappa Nagar, the stamp duty is 7% of the guideline value, and the registration fee is 2%. For a plot valued at Rs 5,50,000, the total fees would amount to Rs 49,500.

Where can I find the Sub Registrar Office for Iyyappa Nagar?

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