Guideline Value for Irular Part 2nd Street

Irular Part 2nd Street guideline value

The current guideline value of Irular Part 2nd Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village under the Tambaram Joint 1 SRO, classified as Residential Class II Type - I.

How the guideline value of Irular Part 2nd Street has changed

The guideline value for Irular Part 2nd Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,100 per sq.ft, an increase from Rs 1,000 per sq.ft in 2023, marking a change of 10%. Prior to that, in 2017, the value was Rs 670 per sq.ft, which means there was a significant increase of 49% to reach the 2023 figure. The 2012 revision had the value at Rs 1,000 per sq.ft, which was a decrease of 33% from the 2017 figure.

It is important to note that the register does not have figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a net increase of 10%.

Guideline values in Peerklankaranai

In Peerklankaranai, there are a total of 322 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 4,400 per sq.ft. The median value is Rs 1,650 per sq.ft, indicating that the guideline value of Irular Part 2nd Street is below this median.

• Irular Part 1st Street: Rs 1,100 per sq.ft (2024)
• Irular Part 3rd Street: Rs 1,100 per sq.ft (2024)
• Irular Side Devanesan Nagar 2nd Cross Street: Rs 1,100 per sq.ft (2024)
• Irular Side Devanesan Nagar 2nd Main Road: Rs 1,100 per sq.ft (2024)
• Irular Side Devanesan Nagar 3rd Cross Street: Rs 1,100 per sq.ft (2024)
• Indhira Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Irular Part 2nd 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, making the total fees together Rs 99,000. 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 Part 2nd Street?

The Sub Registrar Office covering Irular Part 2nd Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Peerklankaranai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is assessed to ensure that the transaction is accurately recorded and that the appropriate fees are collected. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Irular Part 2nd Street?

The current guideline value of Irular Part 2nd 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 changed from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, with various increments and decrements in between, including a 10% increase from 2023 to 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles property registrations in Peerklankaranai?

The Tambaram Joint 1 Sub Registrar Office is responsible for property registrations in Peerklankaranai, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the median guideline value in Peerklankaranai?

The median guideline value in Peerklankaranai is Rs 1,650 per sq.ft, with Irular Part 2nd Street's value being below this median.