Guideline Value for ISWARIYA NAGAR

Iswariya Nagar guideline value

The current guideline value of Iswariya Nagar, located in Arungunam village under the Madurandakam SRO, is Rs 100 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Iswariya Nagar has changed

In the 2012 revision, the guideline value was set at Rs 100 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 67 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 100 per sq.ft, representing a 49% rise. The 2024 revision also retains this value of Rs 100 per sq.ft, showing no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for Iswariya Nagar. Overall, from 2012 to 2024, the guideline value has remained at Rs 100 per sq.ft.

Guideline values in Arungunam

In Arungunam, there are 7 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft, with the median being Rs 100 per sq.ft. The guideline value for Iswariya Nagar is equal to this median.

• A.A.Avenue: Rs 100 per sq.ft (2024)
• Prakash Nagar: Rs 150 per sq.ft (2024)
• Sabthagiri Garden Phase II: Rs 100 per sq.ft (2024)
• Sri Srinivasa Nagar: Rs 151 per sq.ft (2024)
• "Priya Nagar": Rs 100 per sq.ft (2024)
• Sameera Terra Farms Phase-I (Sameera Green Field): Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Iswariya Nagar

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be 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. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Iswariya Nagar?

The Sub Registrar Office that covers Iswariya Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is an essential factor in the registration process for property transactions in Arungunam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized value for properties in the area.

When buying or selling property, it is crucial to be aware of the guideline value, as it impacts the overall cost of the transaction. Buyers should consider this value when negotiating sale prices, as the higher of the guideline value and the sale price will determine the applicable duties.

Frequently asked questions

What is the current guideline value of Iswariya Nagar?

The current guideline value of Iswariya 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 several times, with the most recent revisions showing a value of Rs 100 per sq.ft since 2012, except for a drop to Rs 67 per sq.ft in 2017.

What are the other streets in Arungunam with their guideline values?

Other streets in Arungunam include A.A.Avenue at Rs 100 per sq.ft, Prakash Nagar at Rs 150 per sq.ft, and Sameera Terra Farms Phase-I at Rs 500 per sq.ft, among others.

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

The Sub Registrar Office for Iswariya Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is the stamp duty calculated for property in Iswariya Nagar?

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