Guideline Value for Irular Colony

Irular Colony guideline value

The current guideline value of Irular Colony is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Sriperumbudur A village, under the Sriperumpudur SRO. The land classification for this street is Residential Class IV Type - I.

How the guideline value of Irular Colony has changed

From the 2017 revision, the guideline value for Irular Colony has increased significantly. The 2017 revision set the value at Rs 268 per sq.ft, which remained unchanged at Rs 400 per sq.ft in the 2023 revision. The 2024 revision also maintains this figure of Rs 400 per sq.ft, resulting in a total increase of 49% from 2017 to 2024.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Therefore, the only revisions that reflect a guideline value are from 2017, 2023, and 2024, with the latter two showing no change in value.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,000 per sq.ft. The median value for these streets is Rs 700 per sq.ft, placing Irular Colony's 2024 figure below that median.

• Iswarya Nagar: Rs 1,200 per sq.ft (2024)
• Jagathguru Jeyandrar Nagar: Rs 700 per sq.ft (2024)
• Jashwin Nagar: Rs 1,000 per sq.ft (2024)
• Jayabutha Vinayakar Nagar: Rs 700 per sq.ft (2024)
• Jaya Nagar: Rs 1,000 per sq.ft (2024)
• jayasri Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Irular Colony

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. 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 detailed calculations.

Which Sub Registrar Office covers Irular Colony?

The Sub Registrar Office that covers Irular Colony is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during property registration in Sriperumbudur A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Irular Colony?

The current guideline value of Irular Colony is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in both 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

What are the stamp duty rates for property transactions in Irular Colony?

The stamp duty rate for property transactions in Irular Colony is 7% of the guideline value or sale price, whichever is higher.

Which office handles property registrations for Irular Colony?

The Sriperumpudur Sub Registrar Office handles property registrations for Irular Colony, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What is the median guideline value for streets in Sriperumbudur A?

The median guideline value for streets in Sriperumbudur A is Rs 700 per sq.ft, with Irular Colony's 2024 figure of Rs 400 per sq.ft being below this median.