Guideline Value for Iyyanar Avenue

Iyyanar Avenue guideline value

The current guideline value of Iyyanar Avenue is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Thiruvallur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Iyyanar Avenue has changed

The guideline value for Iyyanar Avenue has seen several revisions over the years. In the 2007 revision, the value was set at Rs 200 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a rise of 650%. However, in the 2017 revision, the value decreased to Rs 1,005 per sq.ft, reflecting a drop of 33%. The value then increased to Rs 1,500 per sq.ft in 2023, and the latest revision in 2024 has set the guideline value at Rs 1,650 per sq.ft, representing a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 725%. The register does not have figures 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 that carry a 2024 guideline value, ranging from Rs 550 to Rs 3,850 per sq.ft. The median value among these streets is Rs 1,100 per sq.ft, placing Iyyanar Avenue's 2024 figure above this median.

• Iyveliagram Colony: Rs 880 per sq.ft (2024)
• Iyveliagaram Street: Rs 1,100 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 Iyyanar Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important 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 details.

Which Sub Registrar Office covers Iyyanar Avenue?

The Sub Registrar Office that covers Iyyanar Avenue is 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 critical component in the registration process when buying or selling property in Thiruvallur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Iyyanar Avenue?

The current guideline value of Iyyanar Avenue is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, marking an overall increase of 725% over the years.

What are the other streets in Thiruvallur with their guideline values?

Other streets in Thiruvallur include Iyveliagram Colony at Rs 880 per sq.ft, Iyveliagaram Street at Rs 1,100 per sq.ft, Jagajeevamram Street and IOB Colony both at Rs 2,200 per sq.ft, and Inkarlal Street and Indira Nagar at Rs 1,100 per sq.ft.

What is the stamp duty rate for properties in Iyyanar Avenue?

The stamp duty rate for properties in Iyyanar Avenue is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Iyyanar Avenue?

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