Guideline Value for SRI IYYAPPA NAGAR

Sri Iyyappa Nagar guideline value

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

How the guideline value of Sri Iyyappa Nagar has changed

The guideline value for Sri Iyyappa Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 700 per sq.ft. The 2017 revision marked a significant increase to Rs 469 per sq.ft, reflecting a 33% decrease from the 2012 figure. Between the 2017 and 2023 revisions, the value increased by 49% to return to Rs 700 per sq.ft. From 2012 to 2024, the overall change is 0%.

The register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the only revisions with figures are from 2012, 2017, 2023, and 2024.

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 is Rs 700 per sq.ft, which is equal to the 2024 figure for Sri Iyyappa Nagar.

• Sri Iyappan Nagar Phase-I: Rs 1,001 per sq.ft (2024)
• Sri Iyappan 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 Iyyappa Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, making the total charges Rs 63,000. Please 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 further calculations.

Which Sub Registrar Office covers Sri Iyyappa Nagar?

Sri Iyyappa Nagar is covered by 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 when registering property transactions in Kayirambedu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When you buy or sell property, the guideline value ensures that the transaction is recorded accurately, reflecting the official value of the property. This helps in maintaining transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sri Iyyappa Nagar?

The current guideline value of Sri Iyyappa Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft from 2012 to 2024, with a significant increase from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, reflecting a 49% increase.

What is the land classification for Sri Iyyappa Nagar?

Sri Iyyappa Nagar is classified as Residential Special Type - II, which indicates its intended use for residential purposes.

Where is the Chengleput Joint II SRO located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Sri Iyyappa Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,00,000, the stamp duty at 7% would be Rs 49,000.