Guideline Value for ISHWARYA NAGAR PHASE-II

Ishwarya Nagar Phase-II guideline value

The current guideline value of Ishwarya Nagar Phase-II is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Kattupakkam village, under the Gooduvancheri SRO, classified as Residential Class I Type - I.

How the guideline value of Ishwarya Nagar Phase-II has changed

The guideline value for Ishwarya Nagar Phase-II has undergone several revisions over the years. The earliest recorded revision was in 2017, where the guideline value was Rs 268 per sq.ft. This figure saw a significant increase of 49% by the 2023 revision, which maintained the value at Rs 400 per sq.ft. The 2024 revision also kept the guideline value at Rs 400 per sq.ft, reflecting no change from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Kattupakkam

In Kattupakkam, there are 27 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 400 to Rs 1,500 per sq.ft. The median value for these streets is Rs 500 per sq.ft, placing Ishwarya Nagar Phase-II's 2024 figure below that median.

• Ishwarya Nagar: Rs 500 per sq.ft (2024)
• Ishwarya Avenue: Rs 500 per sq.ft (2024)
• Jawahar Nagar: Rs 500 per sq.ft (2024)
• Kala Nagar: Rs 400 per sq.ft (2024)
• Krishna Garden: Rs 500 per sq.ft (2024)
• Dr.Abdul Kalam Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Ishwarya Nagar Phase-II

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ishwarya Nagar Phase-II?

The Sub Registrar Office covering Ishwarya Nagar Phase-II is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Kattupakkam. It determines the minimum value at which the property can be registered, ensuring that the transaction is documented at a fair value.

When registering a property, buyers must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures compliance with local regulations and helps in maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of Ishwarya Nagar Phase-II?

The current guideline value of Ishwarya Nagar Phase-II is Rs 400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49%. It remained at Rs 400 per sq.ft from 2023 to 2024, indicating no change during that period.

What is the land classification of Ishwarya Nagar Phase-II?

Ishwarya Nagar Phase-II is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Ishwarya Nagar Phase-II?

The Gooduvancheri Sub Registrar Office covers Ishwarya Nagar Phase-II, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Ishwarya Nagar Phase-II?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.