Guideline Value for ISHWARYAM GARDEN

Ishwaryam Garden guideline value

The current guideline value of Ishwaryam Garden in Varadarajapuram village, under the Padappai SRO, is Rs 1,320 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class I Type - I land classification.

How the guideline value of Ishwaryam Garden has changed

The guideline value of Ishwaryam Garden has seen several revisions over the years. In 2012, the value was set at Rs 1,200 per sq.ft. This figure dropped to Rs 804 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,200 per sq.ft, a rise of 49%. The latest revision in 2024 has set the guideline value at Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Varadarajapuram

In Varadarajapuram, there are 250 streets under the Padappai SRO, with guideline values ranging from Rs 880 to Rs 4,100 per sq.ft. The median guideline value in this area is Rs 1,650 per sq.ft, placing Ishwaryam Garden's 2024 figure below that median.

• Jagadeeswari Nagar: Rs 1,650 per sq.ft (2024)
• J A Nagar S.No 249/1a1b, 1b1b2 Part: Rs 1,980 per sq.ft (2024)
• Janakpurai Nagar: Rs 990 per sq.ft (2024)
• Jashmine Nagar: Rs 1,100 per sq.ft (2024)
• Hitech City Phase I and II: Rs 1,650 per sq.ft (2024)
• Hill Road Avenue: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Ishwaryam Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ishwaryam Garden?

The Sub Registrar Office covering Ishwaryam Garden is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Varadarajapuram. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated, ensuring that all property transactions are recorded at a fair value.

When buying or selling property, the guideline value helps both parties understand the official value of the property, which is essential for legal and financial documentation. This ensures transparency and compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Ishwaryam Garden?

The current guideline value of Ishwaryam Garden is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What are the other streets in Varadarajapuram?

Other streets in Varadarajapuram include Jagadeeswari Nagar, J A Nagar S.No 249/1a1b, 1b1b2 Part, Janakpurai Nagar, Jashmine Nagar, Hitech City Phase I and II, and Hill Road Avenue, each with their respective guideline values.

What is the registration fee and stamp duty for Ishwaryam Garden?

The registration fee is 2% and the stamp duty is 7% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,18,800.

Where is the Sub Registrar Office for Ishwaryam Garden located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.