Guideline Value for Irai kutty Street

Irai kutty Street guideline value

The current guideline value of Irai kutty Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village under the Padappai SRO, classified as Residential Class III Type - I.

How the guideline value of Irai kutty Street has changed

The guideline value for Irai kutty Street has seen significant changes over the years. In the 2007 revision, the value was Rs 250 per sq.ft, which increased dramatically to Rs 1,800 per sq.ft in the 2012 revision, marking a rise of 620%. However, in the 2017 revision, the value decreased to Rs 1,206 per sq.ft, a decline of 33%. The subsequent revision in 2023 saw another increase to Rs 1,800 per sq.ft, followed by the current value of Rs 1,980 per sq.ft in the 2024 revision, reflecting a rise of 10% from the previous year. The register has no figures for the years 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 692%. The values for the revisions are as follows: 2007 - Rs 250 per sq.ft, 2012 - Rs 1,800 per sq.ft, 2017 - Rs 1,206 per sq.ft, 2023 - Rs 1,800 per sq.ft, and 2024 - Rs 1,980 per sq.ft.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,310 per sq.ft, placing Irai kutty Street's 2024 figure below that median.

• Ishwarya Garden: Rs 3,960 per sq.ft (2024)
• Indra Nagar: Rs 1,320 per sq.ft (2024)
• Indra Gandhi Street: Rs 2,640 per sq.ft (2024)
• Ilango Street: Rs 2,310 per sq.ft (2024)
• Janaki Raman Street: Rs 2,310 per sq.ft (2024)
• Haritha Enclave (M.S.): Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Irai kutty Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, making the total charges Rs 1,78,200. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Irai kutty Street?

The Sub Registrar Office that covers Irai kutty Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the property registration process in Perungalathur. When you buy or sell property, the guideline value is used to determine the stamp duty and registration fees, which are mandatory for legal ownership transfer.

It is essential to be aware of the guideline value as it can impact the overall cost of the transaction. Buyers should ensure they are informed about the current guideline value for the property they are interested in to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Irai kutty Street?

The current guideline value of Irai kutty Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 250 per sq.ft in 2007 to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of 692% over the years.

What are the stamp duty and registration fees for a property in Irai kutty Street?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which Sub Registrar Office is responsible for Irai kutty Street?

The Padappai Sub Registrar Office is responsible for Irai kutty Street, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the land classification for Irai kutty Street?

Irai kutty Street is classified as Residential Class III Type - I, which is important for understanding its usage and potential development.