Guideline Value for Iyveliagram Colony

Iyveliagram Colony guideline value

The current guideline value of Iyveliagram Colony is Rs 880 per sq.ft, effective from 1 July 2024. This colony is located in Thiruvallur village under the Tiruvallur Joint 1 SRO, classified as Residential Class IV Type - I.

How the guideline value of Iyveliagram Colony has changed

The guideline value for Iyveliagram Colony has undergone several revisions over the years. The earliest recorded figure is from 2007, which was Rs 320 per sq.ft. This was followed by a significant increase to Rs 800 per sq.ft in 2012, marking a 150% rise. However, the value decreased to Rs 536 per sq.ft in 2017, a drop of 33%. The 2023 revision set the value at Rs 800 per sq.ft, and the most recent revision for 2024 increased it to Rs 880 per sq.ft, reflecting a 10% increase.

Between 2017 and 2023, the value saw a notable increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 175%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Thiruvallur

In Thiruvallur, there are 172 streets under the Tiruvallur Joint 1 SRO carrying a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft, with a median value of Rs 1,100 per sq.ft. Iyveliagram Colony's current guideline value is below this median.

• Iyveliagaram Street: Rs 1,100 per sq.ft (2024)
• Iyyanar Avenue: Rs 1,650 per sq.ft (2024)
• Jagajeevamram Street: Rs 2,200 per sq.ft (2024)
• IOB Colony: Rs 2,200 per sq.ft (2024)
• Inkarlal Street: Rs 1,100 per sq.ft (2024)
• Indira Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Iyveliagram Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, totaling Rs 79,200. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Iyveliagram Colony?

The Iyveliagram Colony falls under the jurisdiction of the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruvallur. It serves as the minimum value for which a property can be registered, ensuring that the transaction reflects a fair valuation.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Iyveliagram Colony?

The current guideline value of Iyveliagram Colony is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 320 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 175% over the years.

What is the registration office for Iyveliagram Colony?

The registration office for Iyveliagram Colony is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What are the stamp duty and registration fees for property in Iyveliagram Colony?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty is Rs 61,600, and the registration fee is Rs 17,600, totaling Rs 79,200.

Where can I find more information about guideline values in Thiruvallur?

For more information about guideline values in Thiruvallur and other streets, you can refer to the relevant sections on the registration department's website.