Guideline Value for ISHWARIYAM NAGAR

Ishwariyam Nagar guideline value

The current guideline value of Ishwariyam Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area falls under Erukuvai village and is governed by the Arani_Tiruvallur SRO. The land classification for this region is Residential Class IV Type - I.

How the guideline value of Ishwariyam Nagar has changed

Looking at the revisions, the guideline value for Ishwariyam Nagar was Rs 54 per sq.ft in the 2017 revision. This value saw a significant increase of 85% by the 2023 revision, where it remained at Rs 100 per sq.ft. The 2024 revision also maintains this rate of Rs 100 per sq.ft, showing no change from the previous year.

There are no figures available in the register for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 85%.

Guideline values in Erukuvai

Currently, there are no specific village figures provided for Erukuvai. Ishwariyam Nagar is the only street mentioned within the Arani_Tiruvallur SRO. There are no other streets in Erukuvai listed.

Stamp duty and registration fee for property in Ishwariyam Nagar

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty, charged at 7%, would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total to Rs 9,000. 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 Ishwariyam Nagar?

The Sub Registrar Office that covers Ishwariyam Nagar is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Erukuvai. It determines the minimum value at which a property can be registered and is essential for calculating stamp duty and registration fees.

When a property is sold, the guideline value serves as a benchmark. If the sale price is lower than the guideline value, the duty is calculated based on the guideline value to ensure proper taxation.

Frequently asked questions

What is the current guideline value of Ishwariyam Nagar?

The current guideline value of Ishwariyam Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 54 per sq.ft in 2017 to Rs 100 per sq.ft in both 2023 and 2024, reflecting an overall increase of 85% from 2017 to 2024.

What are the stamp duty and registration fees for properties in Ishwariyam Nagar?

The stamp duty is charged at 7%, and the registration fee is charged at 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 9,000.

Which Sub Registrar Office is responsible for Ishwariyam Nagar?

The Arani_Tiruvallur Sub Registrar Office is responsible for Ishwariyam Nagar, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone.

Are there other streets in Erukuvai with guideline values?

Currently, there are no other streets listed in Erukuvai under the Arani_Tiruvallur SRO, apart from Ishwariyam Nagar.