Guideline Value for Sri IyyappanNagar

Sri IyyappanNagar guideline value

The current guideline value of Sri IyyappanNagar is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village under the Kunrathur SRO, classified as Mixed Special Type - III.

How the guideline value of Sri IyyappanNagar has changed

The guideline value for Sri IyyappanNagar has seen significant changes over the years. The 2017 revision recorded a value of Rs 1,072 per sq.ft, which increased to Rs 1,600 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 has set the guideline value at Rs 1,760 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO, with guideline values ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value in this area is Rs 1,540 per sq.ft, placing Sri IyyappanNagar's 2024 figure above this median.

• Sri Harish Nagar: Rs 1,760 per sq.ft (2024)
• Sri Hari Avenue: Rs 1,760 per sq.ft (2024)
• Sri Kubera Ganapathi Nagar: Rs 1,760 per sq.ft (2024)
• Sri Kumaran Nagar: Rs 1,760 per sq.ft (2024)
• Sri Kutti Vinayaga Avenue: Rs 1,320 per sq.ft (2024)
• Sri Kutty Vinayagar Nagar: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Sri IyyappanNagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total to Rs 1,58,400. 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 Sri IyyappanNagar?

The Sub Registrar Office covering Sri IyyappanNagar is 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 Kunrathour-B

The guideline value plays a crucial role during property transactions in Kunrathour-B. It serves as a reference point for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs in the transaction process. This ensures that the government receives the appropriate revenue from property sales in the area.

Frequently asked questions

What is the current guideline value of Sri IyyappanNagar?

The current guideline value of Sri IyyappanNagar is Rs 1,760 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 64%, from Rs 1,072 per sq.ft to Rs 1,760 per sq.ft in 2024.

What is the median guideline value in Kunrathour-B?

The median guideline value in Kunrathour-B is Rs 1,540 per sq.ft, with Sri IyyappanNagar's 2024 figure being above this median.

What are the stamp duty and registration fees for a property in Sri IyyappanNagar?

For a 1,000 sq.ft property in Sri IyyappanNagar, the total stamp duty is Rs 1,23,200 and the registration fee is Rs 35,200, totaling Rs 1,58,400.

Where can I find the Sub Registrar Office for Sri IyyappanNagar?

The Sub Registrar Office for Sri IyyappanNagar is located at No.59, Road Street, Kundrathur, Chennai -600 069.