Guideline Value for ISHA SHUBHAM

Isha Shubham guideline value

The current guideline value of Isha Shubham in Nedunkumdram village is Rs 2,200 per sq.ft, effective from 1 July 2024. This property falls under the Tambaram Joint 1 SRO and is classified as Mixed Type - II land.

How the guideline value of Isha Shubham has changed

The guideline value for Isha Shubham has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, an increase from Rs 2,000 per sq.ft in 2023, marking a 10% rise. The register does not contain figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, the guideline values for Isha Shubham were not available in the register for the mentioned years. The only figures recorded are from the 2023 and 2024 revisions.

Guideline values in Nedunkumdram

Nedunkumdram village has 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 value is Rs 2,200 per sq.ft, which is equal to the guideline value of Isha Shubham.

• Isha Santhosham: Rs 2,970 per sq.ft (2024)
• Isha Merri Land: Rs 2,660 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 Shubham

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, leading to a total of Rs 1,98,000. 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 Isha Shubham?

The Isha Shubham 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 further assistance.

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 is used to determine the stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps establish a baseline for the transaction price. Buyers and sellers should be aware that the duty is charged on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Isha Shubham?

The current guideline value of Isha Shubham is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

Recently, the guideline value increased from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024, reflecting a 10% increase.

What is the land classification of Isha Shubham?

Isha Shubham is classified as Mixed Type - II land under the Tambaram Joint 1 SRO.

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

For a 1,000 sq.ft plot, the total stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Where is the Sub Registrar Office for Isha Shubham located?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.