Guideline Value for Irular Colony

Irular Colony guideline value

The current guideline value of Irular Colony is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Mamallapuram village under the Thirukazhukundram SRO, classified as Residential Class V Type - I.

How the guideline value of Irular Colony has changed

The guideline value for Irular Colony has seen several revisions over the years. In 2012, the value was Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in 2017. Following this, the value increased to Rs 500 per sq.ft in 2023, and most recently, it has risen to Rs 550 per sq.ft in 2024, marking a 10% increase from the previous year. Notably, the register has no figures for the years 2002, 2003, and 2007.

When we look at the changes between the revisions, the value increased by 49% from 2017 to 2023. However, there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Mamallapuram

In Mamallapuram, there are 133 streets under the Thirukazhukundram SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 1,650 per sq.ft, with a median value of Rs 935 per sq.ft. Irular Colony's 2024 figure is below this median.

• Kamarajar Colony B.G.Road: Rs 550 per sq.ft (2024)
• Kamarajar Colony Road: Rs 935 per sq.ft (2024)
• Gangaikondan Mandapam Street: Rs 825 per sq.ft (2024)
• Gangaikondan Mandapam 1st Street: Rs 825 per sq.ft (2024)
• Gangaiamman Koil Street: Rs 935 per sq.ft (2024)
• Fiva radha road: Rs 1,330 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 550 per sq.ft, the guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, together totaling Rs 49,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Irular Colony?

The Sub Registrar Office covering Irular Colony is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Mamallapuram. It serves as a benchmark for determining the minimum sale price of a property, ensuring that the registration reflects a fair value for taxation purposes.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations associated with the transaction, based on the officially recognized value of the property.

Frequently asked questions

What is the current guideline value of Irular Colony?

The current guideline value of Irular Colony is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and is now Rs 550 per sq.ft in 2024.

What is the classification of land in Irular Colony?

Irular Colony is classified as Residential Class V Type - I.

Where can I find the Thirukazhukundram Sub Registrar Office?

The Thirukazhukundram Sub Registrar Office is located at Thiruchengode - 637 211, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2%. For example, on a 1,000 sq.ft plot at Rs 550 per sq.ft, the total fees would amount to Rs 49,500.