Guideline Value for Iniyan Nagar

Iniyan Nagar guideline value

The current guideline value of Iniyan Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Athur B Block village, under the Chengleput Joint II SRO, and is classified as Mixed Type - I land.

How the guideline value of Iniyan Nagar has changed

Iniyan Nagar has seen several revisions in its guideline value over the years. The earliest available figure is from 2007, when the guideline value was Rs 130 per sq.ft. This increased to Rs 600 per sq.ft in 2012, representing a growth of 362%. However, between 2012 and 2017, the value decreased to Rs 402 per sq.ft, a decline of 33%. The value then rose significantly to Rs 1,000 per sq.ft in 2023, marking a 149% increase. The current guideline value remains unchanged at Rs 1,000 per sq.ft since the 2023 revision.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 669%.

Guideline values in Athur B Block

Athur B Block has a total of 79 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 268 to Rs 1,525 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, placing Iniyan Nagar's current value above this median.

• Hill View Enclave: Rs 800 per sq.ft (2024)
• Harikaran Nagar: Rs 800 per sq.ft (2024)
• Harijan Nagar: Rs 500 per sq.ft (2024)
• Green Spot: Rs 1,000 per sq.ft (2024)
• Green Peace Mountain Stream Enclave: Rs 350 per sq.ft (2024)
• Kamaraj Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Iniyan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, leading to a total of Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Iniyan Nagar?

The Sub Registrar Office that covers Iniyan Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Athur B Block

The guideline value plays a crucial role in the registration process of property transactions in Athur B Block. When buying or selling a property, the guideline value is used to determine the stamp duty and registration fees that need to be paid, ensuring that all transactions are conducted fairly and transparently.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the costs associated with property registration. Understanding these values can help in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Iniyan Nagar?

The current guideline value of Iniyan Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 130 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2024, which is an overall increase of 669%.

What are the stamp duty rates for property in Iniyan Nagar?

The stamp duty for property in Iniyan Nagar is charged at 7% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Iniyan Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the median guideline value for streets in Athur B Block?

The median guideline value for the 79 streets in Athur B Block is Rs 700 per sq.ft, with Iniyan Nagar's value being above this median at Rs 1,000 per sq.ft.