Guideline Value for Iyyappa Nagar

Iyyappa Nagar guideline value

The current guideline value of Iyyappa Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in the village of Sevilimadu - A under the Kanchipuram Joint II SRO, classified as Residential Class I Type - I.

How the guideline value of Iyyappa Nagar has changed

Over the years, the guideline value of Iyyappa Nagar has undergone several revisions. The 2017 revision set the value at Rs 670 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2023 revision. The most recent 2024 revision has raised the guideline value to Rs 1,100 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 49%, reflecting significant changes in the guideline value over the years.

Guideline values in Sevilimadu - A

In Sevilimadu - A, there are 58 streets under the Kanchipuram Joint II SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. Iyyappa Nagar's 2024 guideline value is equal to this median.

• Jeeva Nagar: Rs 1,100 per sq.ft (2024)
• Housing Board: Rs 1,100 per sq.ft (2024)
• Gurusamy Nagar: Rs 875 per sq.ft (2024)
• Kamatchi Nagar: Rs 875 per sq.ft (2024)
• Gem Extension: Rs 1,100 per sq.ft (2024)
• Gem Avenue: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Iyyappa Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more information on fees applicable to your property transactions.

Which Sub Registrar Office covers Iyyappa Nagar?

The Sub Registrar Office that covers Iyyappa Nagar is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

You can find your SRO for more details.

How the guideline value is used when you buy or sell in Sevilimadu - A

The guideline value is a crucial factor in property transactions in Sevilimadu - A. It determines the minimum value at which a property can be registered, ensuring that all transactions are recorded accurately and transparently.

When buying or selling property, the guideline value influences the stamp duty and registration fees payable. It is essential for buyers and sellers to be aware of the current guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Iyyappa Nagar?

The current guideline value of Iyyappa Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, an overall increase of 64%. The value increased by 49% from 2017 to 2023 and by 10% from 2023 to 2024.

What are the other streets in Sevilimadu - A with their guideline values?

Other streets in Sevilimadu - A include Jeeva Nagar and Housing Board at Rs 1,100 per sq.ft, Gurusamy Nagar and Kamatchi Nagar at Rs 875 per sq.ft, and Gem Extension and Gem Avenue at Rs 1,100 per sq.ft.

What fees are associated with property transactions in Iyyappa Nagar?

For a property in Iyyappa Nagar, the stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total fee of Rs 99,000.

Where can I find the Sub Registrar Office for Iyyappa Nagar?

The Kanchipuram Joint II Sub Registrar Office covers Iyyappa Nagar, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.