Guideline Value for Irular Street

Irular Street guideline value

The current guideline value of Irular Street in Kanthoor village is Rs 150 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Class III Type - I.

How the guideline value of Irular Street has changed

The guideline value for Irular Street has seen various revisions over the years. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged in the subsequent 2017 revision. However, in 2017, the value increased to Rs 100 per sq.ft, marking a 33% decrease from the previous figure. The 2023 revision brought the value back to Rs 150 per sq.ft, maintaining this rate into the 2024 revision, which also holds the guideline value at Rs 150 per sq.ft, resulting in no percentage change between 2023 and 2024.

The revisions from earlier years, specifically 2002, 2003, and 2007, do not have figures recorded for Irular Street in the register. Overall, from 2012 to 2024, the guideline value has remained constant, showing a 0% change over this period.

Guideline values in Kanthoor

In Kanthoor, there are 33 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 700 per sq.ft. The median value for these streets is Rs 181 per sq.ft, positioning Irular Street's 2024 figure below this median.

• Jabamalai Nagar Viriu: Rs 250 per sq.ft (2024)
• Jebamalai Nagar: Rs 250 per sq.ft (2024)
• Green Port Avenue: Rs 200 per sq.ft (2024)
• JSP Park: Rs 250 per sq.ft (2024)
• Green Farms: Rs 181 per sq.ft (2024)
• Ganesh Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Irular Street

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, while the registration fee at 2% would be Rs 3,000, bringing the total fees to Rs 13,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Irular Street?

The Sub Registrar Office covering Irular Street 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 more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kanthoor. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When a property is sold, the guideline value is used to calculate the applicable fees, which are based on either the guideline value or the sale price, depending on which is higher. This ensures that all transactions are fairly assessed and documented in accordance with the local regulations.

Frequently asked questions

What is the current guideline value of Irular Street?

The current guideline value of Irular Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Irular Street has remained at Rs 150 per sq.ft from 2012 to 2024, with a decrease to Rs 100 per sq.ft in 2017 before returning to Rs 150 per sq.ft in 2023.

What is the land classification of Irular Street?

Irular Street is classified as Residential Class III Type - I, indicating its suitability for residential development.

What are the other guideline values in Kanthoor?

In Kanthoor, the guideline values for other streets range from Rs 150 to Rs 700 per sq.ft, with Irular Street's value being below the median of Rs 181 per sq.ft.

Where can I find more information about the registration office?

The registration office covering Irular Street is the Sunguvarchattram Sub Registrar Office, and you can find more information by visiting the provided link to locate your SRO.