Guideline Value for Inka cabel Road

Inka cabel Road guideline value

The current guideline value of Inka cabel Road is Rs 950 per sq.ft, effective from 1 July 2024. This road is located in Chembakkam village, under the Selaiyur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Inka cabel Road has changed

Inka cabel Road has seen several revisions in its guideline value over the years. The earliest recorded revision in 2007 set the value at Rs 250 per sq.ft. This increased significantly to Rs 900 per sq.ft in 2012, marking a 260% rise. However, between 2012 and 2017, the value decreased to Rs 603 per sq.ft, a drop of 33%. The value then increased to Rs 900 per sq.ft in 2023, followed by a further increase to Rs 950 per sq.ft in 2024, which reflects a 6% rise.

In summary, the guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 950 per sq.ft in 2024, resulting in an overall increase of 280%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Chembakkam

In Chembakkam, there are a total of 472 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,700 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing Inka cabel Road's 2024 figure below this median.

• Iniya illam: Rs 2,200 per sq.ft (2024)
• Iyyappa Nagar: Rs 2,200 per sq.ft (2024)
• Iyyappa Nagar 10th Cross Street: Rs 2,200 per sq.ft (2024)
• Iyyappa Nagar 10th Street: Rs 2,200 per sq.ft (2024)
• Iyyappa Nagar 11th Cross Street: Rs 2,200 per sq.ft (2024)
• Iyyappa Nagar 12th Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Inka cabel Road

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value amounts to Rs 9,50,000. The stamp duty, calculated at 7%, would be Rs 66,500, while the registration fee at 2% would be Rs 19,000, bringing the total to Rs 85,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Inka cabel Road?

The Sub Registrar Office that covers Inka cabel Road 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 information.

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

The guideline value plays a crucial role in the registration process of property transactions in Chembakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring compliance with local regulations.

When buying or selling a property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Inka cabel Road?

The current guideline value of Inka cabel Road is Rs 950 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 950 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Inka cabel Road?

Inka cabel Road is classified as Residential Class IV Type - I, as per the guidelines.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is the stamp duty calculated for properties in Inka cabel Road?

Stamp duty for properties in Inka cabel Road is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% applies.