Guideline Value for Immanuvel Street

Immanuvel Street guideline value

The current guideline value of Immanuvel Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Chembakkam village, under the Selaiyur SRO, classified as Residential Class II Type - I.

How the guideline value of Immanuvel Street has changed

The guideline value for Immanuvel Street has seen several revisions over the years. In 2007, the value was Rs 250 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a 500% increase. However, this value dropped to Rs 1,005 per sq.ft in 2017, a decrease of 33%. The value then rose to Rs 1,500 per sq.ft in 2023, followed by another increase to Rs 1,600 per sq.ft in 2024, representing a 7% change from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 540%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,700 per sq.ft as of 2024. The median value for these streets is Rs 2,200 per sq.ft, placing Immanuvel Street's 2024 figure below this median.

• Heritage Jeyandrar Nagar Extn: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 9th Street: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 9th Cross Street: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 8th Street: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 8th Cross Street: Rs 2,700 per sq.ft (2024)
• Heritage Jeyandrar Nagar 7th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Immanuvel Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Immanuvel Street?

The Sub Registrar Office that covers Immanuvel Street is the Selaiyur Sub Registrar Office, located at No.36, bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during property registration in Chembakkam. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property. Buyers and sellers should be aware that the guideline value is set by the government and can vary from street to street.

When a property is sold, the sale price or the guideline value, whichever is higher, will be the basis for calculating the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Immanuvel Street?

The current guideline value of Immanuvel Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, showing an overall increase of 540% over the years.

What is the land classification for Immanuvel Street?

Immanuvel Street is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Immanuvel Street?

The Sub Registrar Office for Immanuvel Street is the Selaiyur Sub Registrar Office, located at No.36, bharathmatha Salai, East Tambaram, Chennai - 600 073.

How is stamp duty calculated for properties on Immanuvel Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 at a rate of 7%.