Guideline Value for ISHA ANANDHAM

Isha Anandham guideline value

The current guideline value of Isha Anandham in Nedunkumdram village is Rs 1,980 per sq.ft, effective from 1 July 2024. This property falls under the Tambaram Joint 1 SRO and is classified as Commercial Class I Type - II.

How the guideline value of Isha Anandham has changed

The guideline value for Isha Anandham has undergone several revisions over the years. The 2017 revision set the value at Rs 1,200 per sq.ft. This increased significantly to Rs 1,800 per sq.ft in the 2023 revision, marking a 50% rise. The most recent revision in 2024 raised the guideline value to Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year. Notably, there are no figures available for this street for the revisions in 2002, 2003, 2007, and 2012.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 65%. This progression highlights the changes in property valuation over the years, with the most significant jump occurring between 2017 and 2023.

Guideline values in Nedunkumdram

Nedunkumdram village features 75 streets under the Tambaram Joint 1 SRO, with the 2024 guideline values ranging from Rs 330 to Rs 5,300 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing Isha Anandham's 2024 figure below this median.

• Isha Merri Land: Rs 2,660 per sq.ft (2024)
• Isha Santhosham: Rs 2,970 per sq.ft (2024)
• Isha Shubham: Rs 2,200 per sq.ft (2024)
• Indirani Nagar: Rs 1,320 per sq.ft (2024)
• Homeland One Phase - II: Rs 3,300 per sq.ft (2024)
• Homeland One Phase -5: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Isha Anandham

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. It is important to note that the 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 Isha Anandham?

The Isha Anandham property falls under the Tambaram Joint 1 Sub Registrar Office located at No.26, Mes Road, East Tambaram, Chennai-600059, within the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Nedunkumdram. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps establish a baseline for negotiations. Buyers and sellers must consider this value to ensure compliance with local regulations and to avoid disputes during the registration process.

Frequently asked questions

What is the current guideline value of Isha Anandham?

The current guideline value of Isha Anandham is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2023, and now to Rs 1,980 per sq.ft in 2024. This reflects a total increase of 65% from 2017 to 2024.

What are the other guideline values in Nedunkumdram?

In addition to Isha Anandham, other streets in Nedunkumdram have varying guideline values, ranging from Rs 330 to Rs 5,300 per sq.ft. The median value in the area is Rs 2,200 per sq.ft.

Where is the Sub Registrar Office for Isha Anandham located?

The Sub Registrar Office for Isha Anandham is located at No.26, Mes Road, East Tambaram, Chennai-600059. This office is part of the Chengalpattu registration zone.

How is stamp duty calculated for properties in Isha Anandham?

Stamp duty for properties in Isha Anandham is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 19,80,000 would incur a stamp duty of Rs 1,38,600 at 7%.