Guideline Value for Iyyappa Nagar 13th Cross street

Iyyappa Nagar 13th Cross street guideline value

The current guideline value of Iyyappa Nagar 13th Cross street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Chembakkam village, under the Selaiyur SRO, and is classified as Residential Special Type - II.

How the guideline value of Iyyappa Nagar 13th Cross street has changed

Over the years, the guideline value of Iyyappa Nagar 13th Cross street has seen several revisions. The earliest recorded figure is from 2012, which was Rs 2,000 per sq.ft. This was followed by a decrease to Rs 1,340 per sq.ft in 2017, before rising again to Rs 2,000 per sq.ft in 2023. The latest revision in 2024 has set the value at Rs 2,200 per sq.ft. The register has no figures for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, it increased significantly by 49%. The change from 2023 to 2024 shows a rise of 10%. Overall, the guideline value has increased by 10% from 2012 to 2024, bringing it to the current rate.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 6,700 per sq.ft. The median value among these streets is Rs 2,200 per sq.ft, which is the same as the guideline value for Iyyappa Nagar 13th Cross street.

• Iyyappa Nagar 12th Cross Street: Rs 2,200 per sq.ft (2024)
• Iyyappa Nagar 14th Cross street: Rs 2,200 per sq.ft (2024)
• Iyyappa Nagar 11th Cross Street: Rs 2,200 per sq.ft (2024)
• Iyyappa Nagar 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Iyyappa Nagar 10th Street: Rs 2,200 per sq.ft (2024)
• Iyyappa Nagar 1st Main Road: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Iyyappa Nagar 13th Cross street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total cost for these fees Rs 1,98,000. Duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Iyyappa Nagar 13th Cross street?

The Iyyappa Nagar 13th Cross street falls under the Selaiyur Sub Registrar Office. The address is No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Chembakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the buyer and seller must consider the guideline value to avoid any discrepancies during the registration process. This value is crucial for both parties to ensure a smooth transaction and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Iyyappa Nagar 13th Cross street?

The current guideline value of Iyyappa Nagar 13th Cross street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 2,200 per sq.ft in 2024. It was Rs 2,000 per sq.ft in 2023, Rs 1,340 per sq.ft in 2017, and Rs 2,000 per sq.ft in 2012.

What is the land classification for Iyyappa Nagar 13th Cross street?

The land classification for Iyyappa Nagar 13th Cross street is Residential Special Type - II.

Which Sub Registrar Office covers Iyyappa Nagar 13th Cross street?

The Selaiyur Sub Registrar Office covers Iyyappa Nagar 13th Cross street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

How is stamp duty calculated for properties in Iyyappa Nagar 13th Cross street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,54,000 at 7%.