Guideline Value for ISHWARIYA NAGAR PHASE-IV

Ishwariya Nagar Phase-IV guideline value

The current guideline value for Ishwariya Nagar Phase-IV is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Pazhayaseevaram -A village under the Walajabad Sub Registrar Office (SRO) and falls under the Residential Class III Type - I land classification.

How the guideline value of Ishwariya Nagar Phase-IV has changed

The guideline value for Ishwariya Nagar Phase-IV has seen several revisions over the years. In the 2017 revision, the value was set at Rs 134 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded the value at Rs 200 per sq.ft. The 2024 revision has kept the guideline value at Rs 200 per sq.ft, reflecting a 0% change from the previous year. Overall, from 2017 to 2024, there has been a 49% increase in the guideline value.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

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, with a median value of Rs 350 per sq.ft. Ishwariya Nagar Phase-IV's 2024 guideline value is below this median.

• Ishwariya Nagar phase-II: Rs 200 per sq.ft (2024)
• Ishwariya Nagar Phase-V: Rs 200 per sq.ft (2024)
• Ishwariya Nagar phase-I: Rs 200 per sq.ft (2024)
• Ishvariya Nagar Phase-III: 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 Ishwariya Nagar Phase-IV

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total charges to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ishwariya Nagar Phase-IV?

The Ishwariya Nagar Phase-IV falls under the jurisdiction of the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor during property registration in Pazhayaseevaram -A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you register a property, the guideline value is compared with the sale price. The higher of the two is used to calculate the applicable stamp duty and registration fees, ensuring that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value for Ishwariya Nagar Phase-IV?

The current guideline value for Ishwariya Nagar Phase-IV is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since the 2023 revision, with a 49% increase from Rs 134 per sq.ft in the 2017 revision. There were no figures available for the years 2002, 2003, 2007, and 2012.

What is the land classification for Ishwariya Nagar Phase-IV?

Ishwariya Nagar Phase-IV is classified as Residential Class III Type - I under the land classification system.

What are the stamp duty and registration fees for a property in Ishwariya Nagar Phase-IV?

For a property valued at Rs 2,00,000, the total stamp duty is Rs 14,000 and the registration fee is Rs 4,000, making a total of Rs 18,000. This is based on the guideline value of Rs 200 per sq.ft.

Which office handles registrations for Ishwariya Nagar Phase-IV?

The Walajabad Sub Registrar Office is responsible for handling registrations for Ishwariya Nagar Phase-IV, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.