Guideline Value for Sri Iyappan Nagar (Sri Ayappa Nagar)

Sri Iyappan Nagar (Sri Ayappa Nagar) guideline value

The current guideline value of Sri Iyappan Nagar (Sri Ayappa Nagar) is Rs 250 per sq.ft. This area is located in Kaduvancheri village and falls under the Sriperumpudur SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Sri Iyappan Nagar (Sri Ayappa Nagar) has changed

The guideline value for Sri Iyappan Nagar (Sri Ayappa Nagar) has undergone several revisions over the years. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 250 per sq.ft. The 2017 revision marked a decrease to Rs 167 per sq.ft, reflecting a -33% change from the previous figure. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, there was an increase of 50%, bringing the value back to Rs 250 per sq.ft. As of the 2024 revision, effective from 1 July 2024, the guideline value remains at Rs 250 per sq.ft, indicating no change from the previous year. Overall, from 2012 to 2024, the guideline value has not changed.

Guideline values in Kaduvancheri

In Kaduvancheri, there are 37 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 1,500 per sq.ft, with a median value of Rs 300 per sq.ft. Sri Iyappan Nagar (Sri Ayappa Nagar) is below this median.

• Sri A.T. Panneerselvam Nagar: Rs 300 per sq.ft (2024)
• Sri Ram Nagar: Rs 300 per sq.ft (2024)
• Sindhiya Nagar: Rs 200 per sq.ft (2024)
• Shri Sakthi Nagar: Rs 1,232 per sq.ft (2024)
• Sri Vinayaga Nagar: Rs 300 per sq.ft (2024)
• Thanga Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Iyappan Nagar (Sri Ayappa Nagar)

For a 1,000 sq.ft plot at the current rate of Rs 250 per sq.ft, the guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. It is important to note that 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 details.

Which Sub Registrar Office covers Sri Iyappan Nagar (Sri Ayappa Nagar)?

The Sub Registrar Office covering Sri Iyappan Nagar (Sri Ayappa Nagar) is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Kaduvancheri, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that need to be paid during the transaction.

When registering a property, the buyer must pay the applicable stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Iyappan Nagar (Sri Ayappa Nagar)?

The current guideline value of Sri Iyappan Nagar (Sri Ayappa Nagar) is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft since 2012, with a decrease to Rs 167 per sq.ft in 2017, and then returning to Rs 250 per sq.ft in 2023. There has been no change from 2023 to 2024.

What is the land classification for Sri Iyappan Nagar (Sri Ayappa Nagar)?

Sri Iyappan Nagar (Sri Ayappa Nagar) is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty rates for property in Sri Iyappan Nagar (Sri Ayappa Nagar)?

The stamp duty for property transactions in Sri Iyappan Nagar is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2%.

Where can I find the Sub Registrar Office for Sri Iyappan Nagar (Sri Ayappa Nagar)?

The Sub Registrar Office for Sri Iyappan Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information about your SRO online.