Guideline Value for ISHA SANTHOSHAM

Isha Santhosham guideline value

The current guideline value of Isha Santhosham in Nedunkumdram village is Rs 2,970 per sq.ft, effective from 1 July 2024. This property falls under the Tambaram Joint 1 SRO and is classified as Residential Class II Type - V.

How the guideline value of Isha Santhosham has changed

The guideline value for Isha Santhosham has seen several revisions over the years. The earliest available figure is from the 2017 revision, which was Rs 1,800 per sq.ft. This was followed by a significant increase to Rs 2,700 per sq.ft in the 2023 revision, marking a 50% rise. The most recent 2024 revision set the guideline value at Rs 2,970 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 65%. The register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Nedunkumdram

Nedunkumdram village has a total of 75 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 330 to Rs 5,300 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Isha Santhosham's 2024 figure above this median.

• Isha Merri Land: Rs 2,660 per sq.ft (2024)
• Isha Shubham: Rs 2,200 per sq.ft (2024)
• Isha Anandham: Rs 1,980 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 Santhosham

For a 1,000 sq.ft plot at the current guideline value of Rs 2,970 per sq.ft, the total guideline value amounts to Rs 29,70,000. The stamp duty at 7% would be Rs 2,07,900, and the registration fee at 2% would be Rs 59,400, making the total charges Rs 2,67,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Isha Santhosham?

The Isha Santhosham property is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in 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 when registering a property in Nedunkumdram. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for any property transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair price, as it is set by the government. This helps in maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Isha Santhosham?

The current guideline value of Isha Santhosham is Rs 2,970 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,800 per sq.ft in 2017 to Rs 2,970 per sq.ft in 2024, marking a total increase of 65% over this period.

What are the stamp duty and registration fees for Isha Santhosham?

For a 1,000 sq.ft plot, the total guideline value is Rs 29,70,000. The stamp duty would be Rs 2,07,900, and the registration fee would be Rs 59,400, totaling Rs 2,67,300.

Which office handles registrations for Isha Santhosham?

The Tambaram Joint 1 Sub Registrar Office handles registrations for Isha Santhosham, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that properties are registered at a fair price set by the government.