Guideline Value for ISHWARYAM GARDEN SUMATHI AMMAL NAGAR EXT-2

Ishwaryam Garden Sumathi Ammal Nagar Ext-2 guideline value

The current guideline value for Ishwaryam Garden Sumathi Ammal Nagar Ext-2 is Rs 300 per sq.ft. This property is located in Alavoor village, under the jurisdiction of the Walajabad SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Ishwaryam Garden Sumathi Ammal Nagar Ext-2 has changed

Over the years, the guideline value for Ishwaryam Garden Sumathi Ammal Nagar Ext-2 has seen several revisions. The earliest recorded figure is from 2012, where the value was Rs 200 per sq.ft. This increased to Rs 134 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, there was a significant increase of 124%, bringing the value back to Rs 300 per sq.ft, where it remained unchanged through the 2024 revision.

The 2024 revision maintains the guideline value at Rs 300 per sq.ft, showing no change from the previous year. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Alavoor

In Alavoor, there are 7 streets under the Walajabad SRO that have a 2024 guideline value ranging from Rs 300 to Rs 600 per sq.ft, with the median being Rs 300 per sq.ft. Ishwaryam Garden Sumathi Ammal Nagar Ext-2's guideline value aligns with this median.

• Dr.A.P.J.Abdul Kalam Nagar-Phase-I: Rs 600 per sq.ft (2024)
• Classic Avenue: Rs 300 per sq.ft (2024)
• Lss Sai Nagar: Rs 400 per sq.ft (2024)
• S.B.K Avenue: Rs 600 per sq.ft (2024)
• Sumathi Ammal Nagar: Rs 300 per sq.ft (2024)
• Sumathi Ammal Nagar Ex-1: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Ishwaryam Garden Sumathi Ammal Nagar Ext-2

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. It is essential 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 Ishwaryam Garden Sumathi Ammal Nagar Ext-2?

The Ishwaryam Garden Sumathi Ammal Nagar Ext-2 is covered by 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 Alavoor

The guideline value plays a crucial role during the registration of property transactions in Alavoor. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that both parties are aware of the financial obligations involved in the transaction. This helps maintain transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value for Ishwaryam Garden Sumathi Ammal Nagar Ext-2?

The current guideline value for Ishwaryam Garden Sumathi Ammal Nagar Ext-2 is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 300 per sq.ft in 2024, with a notable increase of 124% from 2017 to 2023.

Which Sub Registrar Office handles registrations for this area?

The Walajabad Sub Registrar Office handles registrations for Ishwaryam Garden Sumathi Ammal Nagar Ext-2, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000.

Are there other streets in Alavoor with guideline values?

Yes, there are several other streets in Alavoor with guideline values ranging from Rs 300 to Rs 600 per sq.ft, with Ishwaryam Garden Sumathi Ammal Nagar Ext-2's value aligning with the median of Rs 300 per sq.ft.