Guideline Value for Imanuel IInd Street…

Imanuel IInd Street… guideline value

The current guideline value for Imanuel IInd Street… is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village, under the Tambaram Joint 1 SRO, and is classified as Residential Class II Type - I.

How the guideline value of Imanuel IInd Street… has changed

The guideline value for Imanuel IInd Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 670 per sq.ft. The 2023 revision then increased the value to Rs 1,000 per sq.ft, and the most recent revision in 2024 raised it further to Rs 1,100 per sq.ft.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value saw a significant increase of 49%. The change from 2023 to 2024 reflects a 10% increase. Overall, when comparing the figures from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO, with guideline values for 2024 ranging from Rs 880 to Rs 4,400 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, indicating that Imanuel IInd Street’s 2024 figure is below this median.

• Imanuel IIIrd Street: Rs 1,100 per sq.ft (2024)
• Imanuel Ist Street: Rs 1,100 per sq.ft (2024)
• Indhira Nagar: Rs 2,200 per sq.ft (2024)
• Irular Part 1st Street: Rs 1,100 per sq.ft (2024)
• Irular Part 2nd Street: Rs 1,100 per sq.ft (2024)
• Irular Part 3rd Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Imanuel IInd Street…

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Imanuel IInd Street…?

The Sub Registrar Office that covers Imanuel IInd Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Peerklankaranai. It is used to determine the stamp duty and registration fees that must be paid during the transfer of property ownership.

When a buyer or seller engages in a property transaction, the guideline value serves as a benchmark for calculating these fees. It ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value for Imanuel IInd Street?

The current guideline value for Imanuel IInd Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Imanuel IInd Street?

Imanuel IInd Street is classified as Residential Class II Type - I.

Where can I find the Tambaram Joint 1 SRO?

The Tambaram Joint 1 SRO is located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in Imanuel IInd Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would have a guideline value of Rs 11,00,000, leading to a stamp duty of Rs 77,000.