Guideline Value for ISHWARIYA NAGAR PHASE-V

Ishwariya Nagar Phase-V guideline value

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

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

The guideline value for Ishwariya Nagar Phase-V has undergone several revisions over the years. The 2017 revision set the value at Rs 134 per sq.ft. This value remained unchanged in the 2023 revision, which also recorded Rs 200 per sq.ft. The most recent revision in 2024 also maintains the guideline value at Rs 200 per sq.ft, indicating no change from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49% as well. The revisions for the years 2002, 2003, 2007, and 2012 do not have any figures recorded for this street in the register.

Guideline values in Pazhayaseevaram -A

Pazhayaseevaram -A has a total of 26 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 500 per sq.ft, with a median value of Rs 350 per sq.ft. The guideline value of Ishwariya Nagar Phase-V is below this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to 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, totaling Rs 18,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ishwariya Nagar Phase-V?

The Sub Registrar Office that covers Ishwariya Nagar Phase-V 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 in the registration of property transactions in Pazhayaseevaram -A. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

It is important for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. The guideline value serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

Frequently asked questions

What is the current guideline value of Ishwariya Nagar Phase-V?

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

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49% to Rs 200 per sq.ft in both the 2023 and 2024 revisions. There were no figures recorded for the years 2002, 2003, 2007, and 2012.

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

The land classification for Ishwariya Nagar Phase-V is Residential Class III Type - I.

Where can I find the Sub Registrar Office for Ishwariya Nagar Phase-V?

The Walajabad Sub Registrar Office covers Ishwariya Nagar Phase-V, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is the stamp duty calculated for property in Ishwariya Nagar Phase-V?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate has a total guideline value of Rs 2,00,000, leading to a stamp duty of Rs 14,000.