Guideline Value for ISHVARIYA NAGAR PHASE-III

Ishvariya Nagar Phase-III guideline value

The current guideline value of Ishvariya Nagar Phase-III is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Pazhayaseevaram -A village and falls under the Walajabad SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Ishvariya Nagar Phase-III has changed

Looking at the historical revisions, the guideline value for Ishvariya Nagar Phase-III was Rs 134 per sq.ft in 2017. It remained unchanged at Rs 200 per sq.ft in the 2023 revision and continues to be Rs 200 per sq.ft in the 2024 revision. The register has no figures for this street in the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, there was a significant increase of 49%, but the value remained stable from 2023 to 2024, showing a change of +0%. Overall, from 2017 to 2024, the guideline value increased by 49%.

Guideline values in Pazhayaseevaram -A

In Pazhayaseevaram -A, there are 26 streets under the Walajabad SRO that have a 2024 guideline value ranging from Rs 200 to Rs 500 per sq.ft. The median value for these streets is Rs 350 per sq.ft, placing Ishvariya Nagar Phase-III below that median.

• Ishwariya Nagar phase-I: Rs 200 per sq.ft (2024)
• Ishwariya Nagar phase-II: Rs 200 per sq.ft (2024)
• Ishwariya Nagar Phase-IV: Rs 200 per sq.ft (2024)
• Ishwariya Nagar Phase-V: Rs 200 per sq.ft (2024)
• Harshika Avenue: Rs 250 per sq.ft (2024)
• Kothai Vanam: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Ishvariya Nagar Phase-III

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value is Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total Rs 18,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ishvariya Nagar Phase-III?

The Sub Registrar Office that covers Ishvariya Nagar Phase-III is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Pazhayaseevaram -A

The guideline value is a crucial factor during the registration of property in Pazhayaseevaram -A. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, it's important to note that the guideline value may differ from the actual sale price. The duty is charged based on the higher of the two values, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ishvariya Nagar Phase-III?

The current guideline value of Ishvariya Nagar Phase-III is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 134 per sq.ft to Rs 200 per sq.ft in 2023 and 2024, showing a 49% increase overall.

What is the median guideline value for streets in Pazhayaseevaram -A?

The median guideline value for streets in Pazhayaseevaram -A is Rs 350 per sq.ft, while Ishvariya Nagar Phase-III is below this median at Rs 200 per sq.ft.

What are the stamp duty and registration fees for property in Ishvariya Nagar Phase-III?

For a 1,000 sq.ft plot valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

Which office handles the registration for Ishvariya Nagar Phase-III?

The Walajabad Sub Registrar Office handles the registration for Ishvariya Nagar Phase-III, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.