Guideline Value for Thiruvalluvar street (Iyappan nagar)

Thiruvalluvar street (Iyappan nagar) guideline value

The current guideline value of Thiruvalluvar street (Iyappan nagar) is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Ayappakkam village and falls under the Ambattur SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Thiruvalluvar street (Iyappan nagar) has changed

The guideline value for Thiruvalluvar street (Iyappan nagar) has seen several revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft, which increased significantly to Rs 1,600 per sq.ft in 2012. However, this figure dropped to Rs 1,072 per sq.ft in 2017. The value then rose sharply to Rs 1,600 per sq.ft in 2023, and most recently, it has increased to Rs 1,700 per sq.ft in 2024, marking a 6% rise from the previous year.

From 2017 to 2023, there was a notable increase of 49%. The period from 2012 to 2017 saw a decrease of 33%. The jump from 2007 to 2012 was significant at 167%. Overall, from 2007 to 2024, the guideline value has increased by 183%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO, with guideline values for 2024 ranging from Rs 550 to Rs 4,000 per sq.ft. The median guideline value in this area is Rs 1,300 per sq.ft, making the 2024 figure for Thiruvalluvar street (Iyappan nagar) above the median.

• Thiru Veedhi Amman Kovil Street: Rs 1,100 per sq.ft (2024)
• Thiruverkadu Road: Rs 1,600 per sq.ft (2024)
• T.N.H.B. Phase I & II (Commercial): Rs 3,300 per sq.ft (2024)
• T.N.H.B. Phase I & II (Residence): Rs 2,700 per sq.ft (2024)
• Tonakilla Camp Road: Rs 1,300 per sq.ft (2024)
• Thamarai street(Iyappan nagar extn.): Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar street (Iyappan nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total charges to Rs 1,53,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvalluvar street (Iyappan nagar)?

The Sub Registrar Office that covers Thiruvalluvar street (Iyappan nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Ayappakkam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value serves as a reference point for the official valuation of the property being transacted.

When selling property in Ayappakkam, the guideline value ensures that the transaction is recorded accurately and helps in the assessment of taxes. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Thiruvalluvar street (Iyappan nagar)?

The current guideline value of Thiruvalluvar street (Iyappan nagar) is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,700 per sq.ft in 2024, reflecting an overall increase of 183% over this period.

What is the land classification for Thiruvalluvar street (Iyappan nagar)?

The land classification for Thiruvalluvar street (Iyappan nagar) is Residential Special Type - II.

What are the stamp duty rates for properties in Thiruvalluvar street (Iyappan nagar)?

The stamp duty for properties in Thiruvalluvar street (Iyappan nagar) is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located for Thiruvalluvar street (Iyappan nagar)?

The Sub Registrar Office for Thiruvalluvar street (Iyappan nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.