Guideline Value for SRI IYAPPAN NAGAR

Sri Iyappan Nagar guideline value

The current guideline value of Sri Iyappan Nagar, located in Kayirambedu village under the Chengleput Joint II SRO, is Rs 700 per sq.ft. This value is effective from the 2024 revision, which took place on 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Sri Iyappan Nagar has changed

The guideline value for Sri Iyappan Nagar has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 700 per sq.ft. In 2017, this value decreased to Rs 469 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 700 per sq.ft. The register has no figure for the years 2002, 2003, and 2007.

As of the 2024 revision, the guideline value remains unchanged at Rs 700 per sq.ft, which is consistent with the 2023 revision. Overall, comparing the values from 2012 to 2024 shows no change, maintaining the same guideline value of Rs 700 per sq.ft throughout this period.

Guideline values in Kayirambedu

In Kayirambedu, there are 120 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 400 to Rs 3,550 per sq.ft. The median value for these streets is Rs 700 per sq.ft, which aligns with the current guideline value of Sri Iyappan Nagar.

• Sri Iyappan Nagar Phase-I: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty, charged at 7%, would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total fees to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Sri Iyappan Nagar?

The Sub Registrar Office that covers Sri Iyappan Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Kayirambedu

The guideline value is an essential factor in the registration of property transactions in Kayirambedu. It is used to determine the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and that all associated fees are calculated based on the current values set by the registration department.

Frequently asked questions

What is the current guideline value of Sri Iyappan Nagar?

The current guideline value of Sri Iyappan Nagar is Rs 700 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft since the 2012 revision, with a decrease to Rs 469 per sq.ft in 2017, followed by a return to Rs 700 per sq.ft in 2023 and 2024.

What is the land classification for Sri Iyappan Nagar?

Sri Iyappan Nagar is classified as Residential Special Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Sri Iyappan Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at Rs 700 per sq.ft, the total fees would be Rs 63,000.

Where is the Sub Registrar Office for Sri Iyappan Nagar located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles the registration of properties in Sri Iyappan Nagar.