Guideline Value for ISHWARIYAM NAGAR

Ishwariyam Nagar guideline value

The current guideline value of Ishwariyam Nagar is Rs 250 per sq.ft, effective from the 2024 revision. This area is located in Erivai village under the Walajabad SRO, classified as Residential Class I Type - I.

How the guideline value of Ishwariyam Nagar has changed

The guideline value for Ishwariyam Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 250 per sq.ft. The 2017 revision marked a significant increase to Rs 167 per sq.ft, reflecting a 50% rise from the previous revision. However, there are no figures available for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%, but from 2017 to 2023, it increased by 50%. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 250 per sq.ft.

Guideline values in Erivai

Ishwariyam Nagar is part of the Erivai region, where the guideline values are consistent with the current rate. Other streets in Erivai include:

• Sri Sathyasai Nagar Extn-I: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Ishwariyam Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. It is important to note that the 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 Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Erivai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable charges. This ensures that the registration fees reflect the value of the property accurately.

Frequently asked questions

What is the current guideline value of Ishwariyam Nagar?

The current guideline value of Ishwariyam Nagar is Rs 250 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent changes showing a consistent value of Rs 250 per sq.ft from 2012 to 2024, despite fluctuations in earlier years.

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

For a property valued at Rs 2,50,000, the stamp duty is Rs 17,500 and the registration fee is Rs 5,000, totaling Rs 22,500. The duty is charged based on the higher of the guideline value or the sale price.

Which office do I need to visit for property registration in Ishwariyam Nagar?

The Walajabad Sub Registrar Office is responsible for property registration in Ishwariyam Nagar, located on Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

Are there other streets with the same guideline value in Erivai?

Yes, other streets in Erivai, such as Sri Sathyasai Nagar Extn-I, also have a guideline value of Rs 250 per sq.ft as per the 2024 revision.