Guideline Value for Iyyappa Nagar 4th street

Iyyappa Nagar 4th street guideline value

The current guideline value of Iyyappa Nagar 4th 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 4th street has changed

Over the years, the guideline value of Iyyappa Nagar 4th 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. The 2023 revision brought the value back up to Rs 2,000 per sq.ft, and the most recent revision in 2024 set it at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased significantly by 49%. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chembakkam

In Chembakkam, there are a total of 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 guideline value for these streets is Rs 2,200 per sq.ft, which is equal to the guideline value of Iyyappa Nagar 4th street.

• Iyyappa Nagar 4th Cross Street: Rs 2,200 per sq.ft (2024)
• Iyyappa Nagar 5th Cross Street: Rs 2,200 per sq.ft (2024)
• Iyyappa Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Iyyappa Nagar 5th street: Rs 2,200 per sq.ft (2024)
• Iyyappa Nagar 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• Iyyappa Nagar 6th Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Iyyappa Nagar 4th 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, calculated at 7%, would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000. Therefore, the total cost for stamp duty and registration 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. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Iyyappa Nagar 4th street?

The Iyyappa Nagar 4th street falls under 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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Chembakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction.

When a property is sold, the guideline value is used to calculate applicable fees, such as stamp duty and registration fees. This ensures that the transaction is recorded accurately and that the government receives the appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value of Iyyappa Nagar 4th street?

The current guideline value of Iyyappa Nagar 4th 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 changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back 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 of Iyyappa Nagar 4th street?

Iyyappa Nagar 4th street is classified as Residential Special Type - II.

Which Sub Registrar Office covers Iyyappa Nagar 4th street?

The Selaiyur Sub Registrar Office covers Iyyappa Nagar 4th street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is calculated at 2% of the same. For example, for a 1,000 sq.ft plot at Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000.