Guideline Value for Iyangarpalayam @ Thiruvaluvar Street

Iyangarpalayam @ Thiruvaluvar Street guideline value

The current guideline value for Iyangarpalayam @ Thiruvaluvar Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in the Ist Division village and falls under the Kanchipuram Joint IV SRO. The land classification is Residential Class I Type - III.

How the guideline value of Iyangarpalayam @ Thiruvaluvar Street has changed

The guideline value for Iyangarpalayam @ Thiruvaluvar 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 10% rise. Prior to that, the 2017 revision recorded a value of Rs 670 per sq.ft, which represented a significant increase of 49% from the previous figure of Rs 1,000 per sq.ft in 2012. The register does not contain figures for the years 2002, 2003, and 2007.

Overall, comparing the figures from 2012 to 2024, the guideline value has increased by 10%. The 2012 value was Rs 1,000 per sq.ft, which decreased by 33% to Rs 670 per sq.ft in 2017, before rising again to the current value of Rs 1,100 per sq.ft in 2024.

Guideline values in Ist Division

In the Ist Division village, there are 79 streets under the Kanchipuram Joint IV SRO with a 2024 guideline value ranging from Rs 800 to Rs 3,300 per sq.ft. The median value for these streets is Rs 880 per sq.ft, placing Iyangarpalayam @ Thiruvaluvar Street above this median.

• Jeevanantham Nagar: Rs 880 per sq.ft (2024)
• Govindan Street: Rs 880 per sq.ft (2024)
• Gokulam Street @ Eda Street: Rs 880 per sq.ft (2024)
• Kamatchi Nagar: Rs 880 per sq.ft (2024)
• Kammal Street @ Bangaramman Street: Rs 800 per sq.ft (2024)
• Kathiri Street @ Velathamman Koil Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Iyangarpalayam @ Thiruvaluvar 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, making the total cost 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 details.

Which Sub Registrar Office covers Iyangarpalayam @ Thiruvaluvar Street?

The Iyangarpalayam @ Thiruvaluvar Street falls under the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in property transactions as it determines the stamp duty and registration fees applicable at the time of registration. Buyers and sellers must be aware that the guideline value serves as a benchmark for the transaction value, ensuring that the property is registered at a fair price.

When purchasing property in Ist Division, it is essential to consult the guideline value to understand the financial implications of the transaction. This value helps in calculating the necessary fees and ensures compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Iyangarpalayam @ Thiruvaluvar Street?

The current guideline value of Iyangarpalayam @ Thiruvaluvar 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 seen various changes: from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024, a 10% increase. It was Rs 670 per sq.ft in 2017, which was a 49% increase from Rs 1,000 per sq.ft in 2012.

What is the land classification for Iyangarpalayam @ Thiruvaluvar Street?

The land classification for Iyangarpalayam @ Thiruvaluvar Street is Residential Class I Type - III.

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

The Sub Registrar Office covering Iyangarpalayam @ Thiruvaluvar Street is the Kanchipuram Joint IV SRO, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,100 per sq.ft, the total guideline value is Rs 11,00,000, leading to a stamp duty of Rs 77,000 and a registration fee of Rs 22,000.