Guideline Value for ISWARYA GARDEN

Iswarya Garden guideline value

The current guideline value of Iswarya Garden is Rs 200 per sq.ft, effective from 1 July 2024. This property is located in Vasanthavaadi village, under the Madurandakam SRO, and is classified as Mixed Type - I land.

How the guideline value of Iswarya Garden has changed

Over the years, the guideline value for Iswarya Garden has seen several revisions. The 2012 revision set the value at Rs 200 per sq.ft. This remained unchanged in the 2017 revision, which also recorded a value of Rs 200 per sq.ft. However, the 2017 revision marked a significant increase of 49% from the previous figure of Rs 134 per sq.ft set in 2017. The 2023 revision also maintained the value at Rs 200 per sq.ft, which means there has been no change from 2023 to 2024.

It is important to note that the register has no figure for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 200 per sq.ft.

Guideline values in Vasanthavaadi

In Vasanthavaadi, there are five streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 103 to Rs 200 per sq.ft. The median value for these streets is Rs 103 per sq.ft, placing Iswarya Garden's 2024 figure above that median.

• Gubera Lakshmi Nagar: Rs 103 per sq.ft (2024)
• Muthu Nagar: Rs 103 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 103 per sq.ft (2024)
• Sri Lakshmi Nagar Phase-II: Rs 103 per sq.ft (2024)

Stamp duty and registration fee for property in Iswarya Garden

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Iswarya Garden?

The Sub Registrar Office that covers Iswarya Garden 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 more information.

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

The guideline value plays a crucial role when buying or selling property in Vasanthavaadi. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is used to calculate the applicable stamp duty and registration fees during the transaction.

When a buyer or seller engages in a property transaction, the guideline value ensures that the transaction is recorded at a fair value, which helps maintain transparency in property dealings. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Iswarya Garden?

The current guideline value of Iswarya Garden is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since 2012, with no change from 2023 to 2024. However, there was a 49% increase from Rs 134 per sq.ft in 2017.

What are the other streets in Vasanthavaadi?

Other streets in Vasanthavaadi include Gubera Lakshmi Nagar, Muthu Nagar, Sri Lakshmi Nagar, and Sri Lakshmi Nagar Phase-II, all of which have a 2024 guideline value of Rs 103 per sq.ft.

What are the stamp duty and registration fees for property in Iswarya Garden?

For a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees would amount to Rs 18,000, calculated based on the guideline value of Rs 2,00,000.

Which Sub Registrar Office covers Iswarya Garden?

The Madurandakam Sub Registrar Office covers Iswarya Garden, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.