Guideline Value for kasilingam Cross Street (Iyappan nagar etxn.)

kasilingam Cross Street (Iyappan nagar etxn.) guideline value

The current guideline value for kasilingam Cross Street (Iyappan nagar etxn.) 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 with a land classification of Residential Special Type - II.

How the guideline value of kasilingam Cross Street (Iyappan nagar etxn.) has changed

The guideline value for kasilingam Cross Street has seen significant changes over the years. In the 2007 revision, the guideline value was Rs 400 per sq.ft, which increased to Rs 1,600 per sq.ft in 2012. However, it then decreased to Rs 1,072 per sq.ft in 2017. From 2017 to 2023, there was a substantial increase of 49%, bringing the value to Rs 1,600 per sq.ft. The latest revision in 2024 has set the value at Rs 1,700 per sq.ft, marking a 6% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 325%.

Guideline values in Ayappakkam

Ayappakkam village has a total of 221 streets under the Ambattur SRO, with guideline values 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 current value of Rs 1,700 per sq.ft for kasilingam Cross Street above the median.

• Karunya street(Srinivasa nagar): Rs 1,300 per sq.ft (2024)
• Karunya Cross street (Srinivasa nagar): Rs 1,300 per sq.ft (2024)
• Karumari Street: Rs 1,700 per sq.ft (2024)
• Kaveri Cross Street(sivasakthi nagar): Rs 1,600 per sq.ft (2024)
• Karpaga Vinayagar Koil Street: Rs 1,700 per sq.ft (2024)
• Karpaga Vinayagar Koil 2nd cross Street (Bhavani nagar): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in kasilingam Cross Street (Iyappan nagar etxn.)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers kasilingam Cross Street (Iyappan nagar etxn.)?

The kasilingam Cross Street (Iyappan nagar etxn.) falls under the Ambattur Sub Registrar Office. The address is Ambattur Sub Registrar Office, Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor in property transactions in Ayappakkam. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the guideline value to ensure they are compliant with the legal requirements when transferring property ownership.

When a property is sold, the guideline value helps establish the minimum value for which the property can be registered. This ensures that the government receives the appropriate taxes based on the property's value as determined by the guideline value.

Frequently asked questions

What is the current guideline value for kasilingam Cross Street?

The current guideline value for kasilingam Cross Street (Iyappan nagar etxn.) 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 significantly, increasing from Rs 400 per sq.ft in 2007 to Rs 1,700 per sq.ft in 2024, which represents a 325% increase overall.

What is the median guideline value in Ayappakkam?

The median guideline value in Ayappakkam is Rs 1,300 per sq.ft, with kasilingam Cross Street's current value being above this median.

What are the stamp duty and registration fees for a property on this street?

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Where can I find the Sub Registrar Office for this street?

The Ambattur Sub Registrar Office covers kasilingam Cross Street, located at Ambattur Sub Registrar Office, Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.