Guideline Value for ISMAIL ST

Ismail St guideline value

The current guideline value of Ismail St in Paleripattu village is Rs 990 per sq.ft, effective from 1 July 2024. This street falls under the Avadi SRO and is classified as Residential Class II Type - I.

How the guideline value of Ismail St has changed

The guideline value for Ismail St has seen several revisions over the years. The oldest recorded revision is from 2012, where the value was Rs 900 per sq.ft. In 2017, it decreased to Rs 603 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it to Rs 900 per sq.ft. The most recent revision in 2024 set the value at Rs 990 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for Ismail St in the revisions of 2002, 2003, or 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Paleripattu

Paleripattu village has a total of 111 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 801 to Rs 4,200 per sq.ft. The median value is Rs 990 per sq.ft, which matches the guideline value of Ismail St.

• Jaheer Usen St: Rs 990 per sq.ft (2024)
• Gopal Naidu St: Rs 990 per sq.ft (2024)
• Kalaignar St: Rs 990 per sq.ft (2024)
• Gandhi St: Rs 990 per sq.ft (2024)
• Kamaraj Nagar: Rs 1,980 per sq.ft (2024)
• Kamaraj Nagar 10th St: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Ismail St

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total cost for these fees to Rs 89,100. It is important to note that 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 Ismail St?

The Sub Registrar Office that covers Ismail St is the Avadi Sub Registrar Office. The office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in Paleripattu.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded accurately, reflecting the official value set by the Registration Department. This helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Ismail St?

The current guideline value of Ismail St is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 in 2012 to Rs 603 in 2017, then back to Rs 900 in 2023, and finally to Rs 990 in 2024. The overall change from 2012 to 2024 is an increase of 10%.

What are the stamp duty and registration fees for Ismail St?

For a 1,000 sq.ft plot, the guideline value is Rs 9,90,000. The stamp duty is Rs 69,300, and the registration fee is Rs 19,800, making the total fees Rs 89,100.

Which Sub Registrar Office covers Ismail St?

The Avadi Sub Registrar Office covers Ismail St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the land classification for Ismail St?

Ismail St is classified as Residential Class II Type - I, indicating its designation for residential use within the area.