Guideline Value for ISMOIL STREET

Ismoil Street guideline value

The current guideline value of Ismoil Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Cantonment Pallavaram village and falls under the Pallavaram SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Ismoil Street has changed

The guideline value of Ismoil Street has seen several revisions over the years. In 2012, the value was set at Rs 3,000 per sq.ft. This figure remained unchanged until the next revision in 2017, where it decreased to Rs 2,010 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 3,000 per sq.ft. The most recent revision in 2024 raised the guideline value to Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for Ismoil Street for the years 2002, 2003, and 2007. This means that the values from those years are not available for reference.

Guideline values in Cantonment Pallavaram

Cantonment Pallavaram comprises 81 streets under the Pallavaram SRO, with guideline values ranging from Rs 1,650 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, placing Ismoil Street's current value above this median.

• Indragandhi Road: Rs 5,500 per sq.ft (2024)
• Jaganthan Street: Rs 3,300 per sq.ft (2024)
• Janab Ismail Street: Rs 2,700 per sq.ft (2024)
• Hussain Saheb St: Rs 2,700 per sq.ft (2024)
• Hospital Street: Rs 2,700 per sq.ft (2024)
• Jeeva Nagar: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Ismoil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Ismoil Street?

The Sub Registrar Office that covers Ismoil Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Cantonment Pallavaram. It serves as a benchmark to determine the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, both the buyer and seller must consider the guideline value, as it can affect the overall cost of the transaction. The final registration fee and stamp duty are calculated based on this value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Ismoil Street?

The current guideline value of Ismoil Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then back to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification for Ismoil Street?

The land classification for Ismoil Street is Residential Class I Type - II.

Where is the Pallavaram Sub Registrar Office located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

What are the stamp duty and registration fees for property in Ismoil Street?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.