Guideline Value

Corporate

Guideline Value for Iyyappa Nagar 1st Main Road

₹2200/sq.ft.

The guideline value for Iyyappa Nagar 1st Main Road in Chembakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Chembakkam

Village

Selaiyur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Iyyappa Nagar 1st Main Road

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Iyyappa Nagar 1st Main Road guideline value

The current guideline value of Iyyappa Nagar 1st Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This road is located in Chembakkam village under the Selaiyur Sub Registrar Office (SRO) jurisdiction and is classified as Residential Special Type - II.

How the guideline value of Iyyappa Nagar 1st Main Road has changed

The guideline value for Iyyappa Nagar 1st Main Road has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 2,000 per sq.ft. This was followed by a decrease to Rs 1,340 per sq.ft in 2017. The value then increased significantly to Rs 2,000 per sq.ft in 2023, and finally, it stands at Rs 2,200 per sq.ft as of the 2024 revision.

Between these revisions, there have been notable changes. The guideline value increased by 49% from 2017 to 2023 and by 10% from 2023 to 2024. However, from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chembakkam

In Chembakkam village, 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 equal to the guideline value of Iyyappa Nagar 1st Main Road.

Stamp duty and registration fee for property in Iyyappa Nagar 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty, calculated at 7%, would be Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, the total cost for these fees would be Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Iyyappa Nagar 1st Main Road?

The Iyyappa Nagar 1st Main Road falls under the jurisdiction of the Selaiyur Sub Registrar Office, located at 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 details.

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

The guideline value is a critical factor during the registration of property transactions in Chembakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property. This ensures that the transaction is recorded accurately and in compliance with local regulations.

When a property is sold, the guideline value helps in establishing a fair price for the transaction. Buyers and sellers must be aware of the current guideline value to ensure that they are paying or receiving a price that reflects the official valuation set by the government.

Frequently asked questions

What is the current guideline value of Iyyappa Nagar 1st Main Road?

The current guideline value of Iyyappa Nagar 1st Main Road 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 changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Iyyappa Nagar 1st Main Road?

Iyyappa Nagar 1st Main Road is classified as Residential Special Type - II.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 22,00,000, the stamp duty is Rs 1,54,000 and the registration fee is Rs 44,000, totaling Rs 1,98,000.

Which office handles the registration for Iyyappa Nagar 1st Main Road?

The Selaiyur Sub Registrar Office handles the registration for Iyyappa Nagar 1st Main Road, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.