Guideline Value for Iyyappanthangal Main Road

Iyyappanthangal Main Road guideline value

The current guideline value of Iyyappanthangal Main Road is Rs 1,450 per sq.ft, effective from 1 July 2024. This road is located in Baraniputjur village and falls under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of Iyyappanthangal Main Road has changed

The guideline value for Iyyappanthangal Main Road has seen significant changes over the years. In the 2007 revision, the value was Rs 250 per sq.ft, which increased dramatically to Rs 1,300 per sq.ft in 2012. However, it then decreased to Rs 872 per sq.ft in 2017. The 2023 revision set the value at Rs 1,302 per sq.ft, and the most recent 2024 revision raised it to Rs 1,450 per sq.ft, marking an increase of 11% from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 480%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Baraniputjur

In Baraniputjur, there are 39 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 700 to Rs 2,500 per sq.ft. The median guideline value for these streets is Rs 1,210 per sq.ft, placing Iyyappanthangal Main Road above this median.

• Janaki Raman Nagar: Rs 1,210 per sq.ft (2024)
• Ilayaraja Nagar: Rs 1,210 per sq.ft (2024)
• Jothi Nagar: Rs 1,210 per sq.ft (2024)
• Karthik Avenue: Rs 1,450 per sq.ft (2024)
• Ellaiyamman koil Street: Rs 1,210 per sq.ft (2024)
• Karuna Nidhi Street: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Iyyappanthangal Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,450 per sq.ft, the total guideline value amounts to Rs 14,50,000. The stamp duty at 7% would be Rs 1,01,500, and the registration fee at 2% would be Rs 29,000, bringing the total to Rs 1,30,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Iyyappanthangal Main Road?

The Iyyappanthangal Main Road is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Baraniputjur. It serves as a reference for calculating stamp duty and registration fees, ensuring that these costs are based on an official valuation rather than the sale price alone.

When buying or selling property, it is essential to be aware of the current guideline value, as it impacts the overall cost of the transaction. Buyers and sellers should consult the guideline value register to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value for Iyyappanthangal Main Road?

The current guideline value for Iyyappanthangal Main Road is Rs 1,450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2007 revision, the guideline value has increased from Rs 250 per sq.ft to Rs 1,450 per sq.ft in 2024, reflecting a total increase of 480% over the years.

What is the median guideline value for streets in Baraniputjur?

The median guideline value for the 39 streets in Baraniputjur is Rs 1,210 per sq.ft, with Iyyappanthangal Main Road being above this median.

What are the stamp duty and registration fees for property in Iyyappanthangal Main Road?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total costs amount to Rs 1,30,500.

Which office handles registrations for Iyyappanthangal Main Road?

The Kunrathur Sub Registrar Office handles registrations for Iyyappanthangal Main Road, located at No.59, Road Street, Kundrathur, Chennai -600 069.