Guideline Value for Irandankattalai Reddi Street

Irandankattalai Reddi Street guideline value

The current guideline value of Irandankattalai Reddi Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Erandankattalai village under the Pammal SRO, classified as Residential Class I Type - I.

How the guideline value of Irandankattalai Reddi Street has changed

The guideline value for Irandankattalai Reddi Street has seen several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 brought the value to Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year. It is important to note that the register has no figures for this street for the years 2002, 2003, 2007, and 2012.

Overall, from 2017 to 2024, the guideline value has increased by 64%, demonstrating a consistent upward trend in the valuation of this street.

Guideline values in Erandankattalai

In Erandankattalai village, there are 60 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 770 to Rs 4,270 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which aligns with the current guideline value of Irandankattalai Reddi Street.

• Irular Street: Rs 770 per sq.ft (2024)
• J.A.Avenue: Rs 1,975 per sq.ft (2024)
• Kalaignar Street: Rs 1,100 per sq.ft (2024)
• Golden Avenue: Rs 1,100 per sq.ft (2024)
• Gokulam nagar phase - II: Rs 3,700 per sq.ft (2024)
• Gokulam Nagar: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Irandankattalai Reddi 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, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Irandankattalai Reddi Street?

The Sub Registrar Office that covers Irandankattalai Reddi Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Erandankattalai. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Irandankattalai Reddi Street?

The current guideline value of Irandankattalai Reddi 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 increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 64% over the seven years.

What is the land classification for Irandankattalai Reddi Street?

Irandankattalai Reddi Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Irandankattalai Reddi Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the stamp duty calculated for properties in Irandankattalai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 11,00,000 would incur a stamp duty of Rs 77,000 at 7%.