Guideline Value for Irular Kudi iruppu

Irular Kudi iruppu guideline value

The current guideline value of Irular Kudi iruppu is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Molachoor village, under the Sunguvarchattram SRO, and is classified as Residential Special Type - II.

How the guideline value of Irular Kudi iruppu has changed

The guideline value for Irular Kudi iruppu has undergone several revisions over the years. In 2012, the value was set at Rs 700 per sq.ft, which remained unchanged until the next revision in 2017, where it dropped to Rs 469 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 700 per sq.ft in 2023, and it has remained the same in the 2024 revision, resulting in no change from the previous year.

From 2017 to 2023, there was a notable increase of 49% in the guideline value. Overall, comparing the 2012 and 2024 revisions, the guideline value has remained constant at Rs 700 per sq.ft, indicating stability in this period.

Guideline values in Molachoor

In Molachoor, there are 112 streets under the Sunguvarchattram SRO that have a 2024 guideline value ranging from Rs 300 to Rs 2,000 per sq.ft. The median value among these streets is Rs 600 per sq.ft, positioning Irular Kudi iruppu above this median at Rs 700 per sq.ft.

• Indhira Nagar: Rs 300 per sq.ft (2024)
• J.J. Nagar: Rs 300 per sq.ft (2024)
• Kaideymilleth Street: Rs 600 per sq.ft (2024)
• Golden Nagar: Rs 605 per sq.ft (2024)
• Gnanaprakasam Street: Rs 600 per sq.ft (2024)
• Kalliamman Kovil Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Irular Kudi iruppu

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total amount to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Irular Kudi iruppu?

The Sub Registrar Office covering Irular Kudi iruppu is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for further assistance.

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

The guideline value is a critical factor during the registration of property transactions in Molachoor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps in setting a fair price for both parties involved. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Irular Kudi iruppu?

The current guideline value of Irular Kudi iruppu is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft in the 2023 and 2024 revisions, increased from Rs 469 per sq.ft in 2017, and was Rs 700 per sq.ft in 2012.

What is the land classification for Irular Kudi iruppu?

Irular Kudi iruppu is classified as Residential Special Type - II, indicating its intended use for residential purposes.

Where can I find the Sub Registrar Office for Irular Kudi iruppu?

The Sub Registrar Office for Irular Kudi iruppu is located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for properties in Irular Kudi iruppu?

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 7,00,000 would incur a stamp duty of Rs 49,000 at 7%.