Guideline Value for ISHWARIYA FOUNDATIONS

Ishwariya Foundations guideline value

The current guideline value of Ishwariya Foundations is Rs 2,200 per sq.ft, effective from 1 July 2024. This property is located in Okkiyamthuraipakkam village, under the Neelankarai SRO, and falls under the Residential Class II Type - III land classification.

How the guideline value of Ishwariya Foundations has changed

The guideline value for Ishwariya Foundations has seen several revisions over the years. In 2012, the value was set at Rs 2,000 per sq.ft, which then decreased to Rs 1,340 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,000 per sq.ft in 2023, and finally reached Rs 2,200 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, there was a substantial increase of 49%, while the value dropped by 33% from 2012 to 2017. Overall, when considering the period from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, placing Ishwariya Foundations' 2024 figure below that median.

• Iyappa Lay Out (Sri): Rs 2,200 per sq.ft (2024)
• Industrial Estate Road: Rs 6,400 per sq.ft (2024)
• Indiragandhi Street: Rs 2,800 per sq.ft (2024)
• INDIRA ENCLAVE 4th STREET: Rs 3,900 per sq.ft (2024)
• Indira Enclave: Rs 3,900 per sq.ft (2024)
• INDIRA ENCALVE 8th STREET: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Ishwariya Foundations

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, charged at 7%, would be Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Therefore, the total cost for stamp duty and registration fee would be Rs 1,98,000. 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 Ishwariya Foundations?

The Sub Registrar Office that covers Ishwariya Foundations is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Okkiyamthuraipakkam. It serves as a benchmark for determining the amount of stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a buyer or seller engages in a property transaction, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ishwariya Foundations?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Ishwariya Foundations?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fee would be Rs 1,98,000.

Which office handles registrations for Ishwariya Foundations?

The Neelankarai Sub Registrar Office handles registrations for Ishwariya Foundations, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the median guideline value in Okkiyamthuraipakkam?

The median guideline value in Okkiyamthuraipakkam is Rs 3,300 per sq.ft, with Ishwariya Foundations' current guideline value being below this median.