Guideline Value for ISWARIAM NAGAR

Iswariam Nagar guideline value

The current guideline value of Iswariam Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Kalpakkam village, under the Ponneri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Iswariam Nagar has changed

The guideline value for Iswariam Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 100 per sq.ft, which was then reduced to Rs 67 per sq.ft in the 2017 revision. Following this, the value increased by 49% to Rs 100 per sq.ft in the 2023 revision, and it has remained unchanged at Rs 100 per sq.ft in the 2024 revision. The register has no figure for the years 2002, 2003, and 2007 for this street.

Overall, from 2012 to 2024, the guideline value has increased by 0%. The changes reflect a significant increase from 2017 to 2023, while the value from 2012 to 2017 saw a decrease of 33%.

Guideline values in Kalpakkam

In Kalpakkam, there are 21 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 100 per sq.ft, with a median value of Rs 100 per sq.ft. The guideline value for Iswariam Nagar is equal to this median.

• Imayam Nagar: Rs 100 per sq.ft (2024)
• Jay Nagar Ext: Rs 100 per sq.ft (2024)
• Kalpakkam Garden: Rs 100 per sq.ft (2024)
• Lakshmi Nagar: Rs 100 per sq.ft (2024)
• Leelavathy Nagar: Rs 100 per sq.ft (2024)
• M K M Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Iswariam Nagar

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value is Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Iswariam Nagar?

The Sub Registrar Office that covers Iswariam Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kalpakkam. It serves as the basis for calculating stamp duty and registration fees, which are mandatory during the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements.

When purchasing or selling property, the guideline value helps determine the minimum price at which the property can be registered. This ensures that the transaction is recorded accurately and that the appropriate taxes are paid to the government.

Frequently asked questions

What is the current guideline value of Iswariam Nagar?

The current guideline value of Iswariam Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then back to Rs 100 per sq.ft in 2023 and 2024. The register has no figures for the years 2002, 2003, and 2007.

What is the classification of land in Iswariam Nagar?

Iswariam Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Iswariam Nagar?

The Sub Registrar Office for Iswariam Nagar is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is stamp duty calculated for properties in Iswariam Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 100 per sq.ft, the total stamp duty would be Rs 7,000.