Guideline Value for Iyenchery Main Road

Iyenchery Main Road guideline value

The current guideline value of Iyenchery Main Road is Rs 1,500 per sq.ft, as per the 2023 revision. This road is located in Ayyencheri village, under the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of Iyenchery Main Road has changed

Over the years, the guideline value of Iyenchery Main Road has seen several revisions. The earliest recorded value was Rs 370 per sq.ft in 2007. This figure increased significantly to Rs 1,500 per sq.ft in 2012, marking a substantial rise of 305%. However, in the following revision in 2017, the value decreased to Rs 1,005 per sq.ft, reflecting a decline of 33%. The latest revision in 2023 brought the value back up to Rs 1,500 per sq.ft, representing an increase of 49% from 2017.

Overall, from 2007 to 2023, the guideline value has increased by 305%. It is important to note that there are no recorded figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Ayyencheri

Currently, there are no specific guideline values provided for other streets in Ayyencheri. The Iyenchery Main Road guideline value stands at Rs 1,500 per sq.ft, as per the latest revision.

Stamp duty and registration fee for property in Iyenchery Main Road

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, while the registration fee at 2% would be Rs 30,000. Together, the total cost for stamp duty and registration fee would be Rs 1,35,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Iyenchery Main Road?

The Iyenchery Main Road is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, 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 Ayyencheri

The guideline value is a crucial factor during the registration process when buying or selling property in Ayyencheri. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value helps in calculating the financial obligations of the buyer. The stamp duty is charged based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Iyenchery Main Road?

The current guideline value of Iyenchery Main Road is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 370 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and finally returned to Rs 1,500 per sq.ft in 2023.

What is the land classification for Iyenchery Main Road?

Iyenchery Main Road is classified as Residential Special Type - II, which indicates its designated use for residential purposes.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the stamp duty calculated for property in Iyenchery Main Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 at 7%, along with a registration fee of Rs 30,000 at 2%.