Guideline Value for Irular Side Devanesan nagar 2nd Main Road

Irular Side Devanesan nagar 2nd Main Road guideline value

The current guideline value for Irular Side Devanesan nagar 2nd Main Road 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, and is classified as Residential Class II Type - I.

How the guideline value of Irular Side Devanesan nagar 2nd Main Road has changed

The guideline value for this street has undergone several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in 2017. The 2023 revision saw an increase to Rs 1,000 per sq.ft, and the most recent 2024 revision has set the value at Rs 1,100 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%. However, the value increased significantly by 49% from 2017 to 2023. The overall change from 2012 to 2024 shows a modest increase of 10%.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, making the 2024 figure for Irular Side Devanesan nagar 2nd Main Road below this median.

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

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, bringing the total fees 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Irular Side Devanesan nagar 2nd Main Road?

The Sub Registrar Office that covers Irular Side Devanesan nagar 2nd Main Road 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 of property transactions in Peerklankaranai. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property in the area. These fees are calculated based on the guideline value or the sale price, whichever is higher.

When selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value for Irular Side Devanesan nagar 2nd Main Road?

The current guideline value for Irular Side Devanesan nagar 2nd Main Road 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 back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the stamp duty for property in this area?

The stamp duty for property in Irular Side Devanesan nagar 2nd Main Road is calculated at 7% of the guideline value or the sale price, whichever is higher.

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

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

What are the guideline values for other streets in Peerklankaranai?

Other streets in Peerklankaranai have guideline values ranging from Rs 1,100 to Rs 2,200 per sq.ft, with the median value being Rs 1,650 per sq.ft.