Guideline Value for ISHA ISHTABHUMI

Isha Ishtabhumi guideline value

The current guideline value of Isha Ishtabhumi is Rs 3,500 per sq.ft, effective from 1 July 2024. This property is located in Perumbakkam village under the Selaiyur SRO, classified as Residential Special Type - IV.

How the guideline value of Isha Ishtabhumi has changed

Over the years, the guideline value for Isha Ishtabhumi has seen several revisions. The 2017 revision recorded a guideline value of Rs 3,250 per sq.ft, which remained unchanged in the 2023 revision. However, the 2024 revision has increased the guideline value to Rs 3,500 per sq.ft, marking an 8% increase from the previous year.

From 2017 to 2024, the overall change in guideline value is also +8%. Notably, there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 4,800 per sq.ft. The median guideline value for these streets is Rs 2,725 per sq.ft, placing Isha Ishtabhumi's 2024 figure above this median.

• Ira Nagar Pallava Mannan Street: Rs 1,600 per sq.ft (2024)
• Inidhra Priyadharshini Nagar: Rs 3,300 per sq.ft (2024)
• IVY Garden: Rs 2,700 per sq.ft (2024)
• Indra Nagar: Rs 1,600 per sq.ft (2024)
• Indira Ngar Kamarajar Street: Rs 1,600 per sq.ft (2024)
• Indira Nagar Vivekanandar Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Isha Ishtabhumi

For a 1,000 sq.ft plot at the current guideline value of Rs 3,500 per sq.ft, the total guideline value amounts to Rs 35,00,000. The stamp duty at 7% would be Rs 2,45,000, and the registration fee at 2% would be Rs 70,000, bringing the total charges to Rs 3,15,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Isha Ishtabhumi?

The Isha Ishtabhumi property falls under the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a standard measure used to determine the value of property for registration purposes in Perumbakkam. When a property is bought or sold, the guideline value is taken into account to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly influences the costs associated with property transactions. Accurate knowledge of these values helps in ensuring compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Isha Ishtabhumi?

The current guideline value of Isha Ishtabhumi is Rs 3,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Isha Ishtabhumi has increased from Rs 3,250 per sq.ft in 2017 to Rs 3,500 per sq.ft in 2024, marking an 8% increase. The value remained unchanged at Rs 3,250 per sq.ft during the 2023 revision.

What are the guideline values for other streets in Perumbakkam?

Other streets in Perumbakkam have varying guideline values. For example, Ira Nagar Pallava Mannan Street has a value of Rs 1,600 per sq.ft, while Inidhra Priyadharshini Nagar is valued at Rs 3,300 per sq.ft.

What fees are associated with purchasing property in Isha Ishtabhumi?

When purchasing property, the stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, these fees would total Rs 3,15,000 based on the current guideline value.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, Chengalpattu registration zone.