Guideline Value for Irular Side Devanesan Nagar 2nd Cross Street

Irular Side Devanesan Nagar 2nd Cross Street guideline value

The current guideline value of Irular Side Devanesan Nagar 2nd Cross Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Irular Side Devanesan Nagar 2nd Cross Street has changed

The guideline value for Irular Side Devanesan Nagar 2nd Cross Street has seen several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in 2017. In 2023, the value increased to Rs 1,000 per sq.ft, and the most recent revision in 2024 has set the value at Rs 1,100 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, there was a significant increase of 49%. The value then rose by 10% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 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 for these streets is Rs 1,650 per sq.ft, making the current guideline value of Irular Side Devanesan Nagar 2nd Cross Street below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost to Rs 99,000. 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 Side Devanesan Nagar 2nd Cross Street?

The Sub Registrar Office that covers Irular Side Devanesan Nagar 2nd Cross 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 is a crucial factor when registering property transactions in Peerklankaranai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation and ensuring compliance with local regulations. It is essential for buyers and sellers to be aware of the current guideline value to accurately calculate their costs.

Frequently asked questions

What is the current guideline value of Irular Side Devanesan Nagar 2nd Cross Street?

The current guideline value of Irular Side Devanesan Nagar 2nd Cross 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 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for this area?

The land classification for Irular Side Devanesan Nagar 2nd Cross Street is Residential Class II Type - I.

What is the median guideline value for streets in Peerklankaranai?

The median guideline value for streets in Peerklankaranai is Rs 1,650 per sq.ft, which is above the current guideline value of Irular Side Devanesan Nagar 2nd Cross Street.

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

The Sub Registrar Office for Irular Side Devanesan Nagar 2nd Cross Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.