Guideline Value for SRI IYAPPAN NAGAR PHASE-I

Sri Iyappan Nagar Phase-I guideline value

The current guideline value for Sri Iyappan Nagar Phase-I in Kayirambedu village is Rs 1,001 per sq.ft, effective from 1 July 2024. This area falls under the Chengleput Joint II SRO and is classified as Residential Special Type - I.

How the guideline value of Sri Iyappan Nagar Phase-I has changed

Over the years, the guideline value for Sri Iyappan Nagar Phase-I has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,000 per sq.ft in the 2023 revision. The most recent 2024 revision has set the value at Rs 1,001 per sq.ft, showing no percentage change from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. However, from the 2012 revision to the 2017 revision, there was a decrease of 33%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 1,001 per sq.ft.

Guideline values in Kayirambedu

In Kayirambedu, there are 120 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 400 to Rs 3,550 per sq.ft, with a median value of Rs 700 per sq.ft. The guideline value for Sri Iyappan Nagar Phase-I is above this median.

• Sri Iyappan Nagar: Rs 1,001 per sq.ft (2024)
• Sri Iyyappa Nagar: Rs 700 per sq.ft (2024)
• SRI KRCNagar: Rs 1,600 per sq.ft (2024)
• Sri Elumalai Nagar: Rs 1,600 per sq.ft (2024)
• Sri Ammal Nagar: Rs 700 per sq.ft (2024)
• Sri Adhira Avenue: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Iyappan Nagar Phase-I

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value amounts to Rs 10,01,000. The stamp duty at 7% would be Rs 70,070, and the registration fee at 2% would be Rs 20,020, bringing the total to Rs 90,090. 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 our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Sri Iyappan Nagar Phase-I?

The Chengleput Joint II Sub Registrar Office covers Sri Iyappan Nagar Phase-I. The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kayirambedu. It is used to determine the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

During the registration process, the guideline value is compared with the sale price of the property. The higher amount is used to calculate the applicable duties and fees, ensuring that the transaction is recorded accurately and legally.

Frequently asked questions

What is the current guideline value of Sri Iyappan Nagar Phase-I?

The current guideline value of Sri Iyappan Nagar Phase-I is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Iyappan Nagar Phase-I has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017. It then increased to Rs 1,000 per sq.ft in 2023 and is now Rs 1,001 per sq.ft in 2024.

What is the land classification for Sri Iyappan Nagar Phase-I?

Sri Iyappan Nagar Phase-I is classified as Residential Special Type - I, indicating its intended use for residential purposes.

What are the stamp duty and registration fees for a property in Sri Iyappan Nagar Phase-I?

For a property measuring 1,000 sq.ft at the current guideline value, the total stamp duty and registration fees would amount to Rs 90,090, based on the guideline value of Rs 10,01,000.

Where can I find the Sub Registrar Office for Sri Iyappan Nagar Phase-I?

The Chengleput Joint II Sub Registrar Office, which covers Sri Iyappan Nagar Phase-I, is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details by visiting the relevant link.