Guideline Value for TAMILNADU SLUM BOARD

Tamilnadu Slum Board guideline value

The current guideline value for the Tamilnadu Slum Board in Iyyappanthangal village is Rs 1,100 per sq.ft, effective from 1 July 2024. This value falls under the Chennai South Joint I SRO and is classified as Residential Class IV Type - III.

How the guideline value of Tamilnadu Slum Board has changed

The guideline value has undergone several revisions over the years. The earliest recorded revision was in 2012, setting the value at Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in 2017. The value then rose to Rs 1,000 per sq.ft in 2023, and finally, the current value is Rs 1,100 per sq.ft from the 2024 revision. The register has no figure for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, while from 2017 to 2023, the value increased by 49%. The change from 2023 to 2024 shows an increase of 10%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Iyyappanthangal

In Iyyappanthangal, there are 134 streets under the Chennai South Joint I SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 5,610 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for this street is below that median.

• Subramani Nagar Ist Street: Rs 1,100 per sq.ft (2024)
• Subramani Nagar 5th Street: Rs 1,100 per sq.ft (2024)
• Subramani Nagar 4th Street: Rs 1,100 per sq.ft (2024)
• Subramani Nagar 3rd Street: Rs 1,100 per sq.ft (2024)
• Subramani Nagar 2nd Street: Rs 1,100 per sq.ft (2024)
• Subramani Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Tamilnadu Slum Board

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Tamilnadu Slum Board?

The Tamilnadu Slum Board is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Iyyappanthangal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

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

Frequently asked questions

What is the current guideline value in Iyyappanthangal?

The current guideline value in Iyyappanthangal is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 in 2012 to Rs 670 in 2017, then back to Rs 1,000 in 2023, and finally to Rs 1,100 in 2024. There were no figures recorded for the years 2002, 2003, and 2007.

What is the median guideline value for streets in Iyyappanthangal?

The median guideline value for streets in Iyyappanthangal is Rs 2,200 per sq.ft, while the current value for this street is below that median.

What are the stamp duty and registration fees based on the guideline value?

Stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 11,00,000, the total fees would amount to Rs 99,000.

Where can I find the Sub Registrar Office for Iyyappanthangal?

The Sub Registrar Office covering Iyyappanthangal is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find more information by visiting the designated link.