Guideline Value for ISWARYA NAGAR EXTN

Iswarya Nagar Extn guideline value

The current guideline value of Iswarya Nagar Extn, located in Nandhivaram village under the Gooduvancheri SRO, is Rs 2,000 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Iswarya Nagar Extn has changed

Over the years, the guideline value for Iswarya Nagar Extn has seen several revisions. The 2012 revision set the guideline value at Rs 2,000 per sq.ft, which remained unchanged until the 2023 revision, where it again stood at Rs 2,000 per sq.ft. The 2017 revision marked a significant increase to Rs 1,340 per sq.ft, reflecting a 49% rise from the previous figure. It is important to note that the register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but overall, from 2012 to 2024, the guideline value has remained constant at Rs 2,000 per sq.ft. The 2023 to 2024 revision showed no change, maintaining the value at Rs 2,000 per sq.ft.

Guideline values in Nandhivaram

Nandhivaram village has 169 streets under the Gooduvancheri SRO, with the 2024 guideline values ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value in this area is Rs 1,500 per sq.ft, placing Iswarya Nagar Extn above this median.

• Ishwarya Nagar: Rs 1,200 per sq.ft (2024)
• Jakeer Hussain Street: Rs 1,200 per sq.ft (2024)
• Janak Pushpa Shanthi Nagar: Rs 3,500 per sq.ft (2024)
• Jayasundar Avenue: Rs 1,000 per sq.ft (2024)
• Jegadesh Nagar: Rs 1,000 per sq.ft (2024)
• Jesuraja Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Iswarya Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value would be Rs 20,00,000. The stamp duty at 7% would amount to Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, making the total cost Rs 1,80,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Iswarya Nagar Extn?

The Iswarya Nagar Extn area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering a property in Nandhivaram. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded at a fair value as per government regulations.

When buying or selling property, it is essential to consider the guideline value as it affects the overall cost of the transaction. Buyers should be aware that the guideline value may differ from the actual sale price, but the higher of the two will be used for calculating duties.

Frequently asked questions

What is the current guideline value of Iswarya Nagar Extn?

The current guideline value of Iswarya Nagar Extn is Rs 2,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 2,000 per sq.ft, unchanged from 2023. The value increased from Rs 1,340 per sq.ft in 2017 to Rs 2,000 in 2012.

What is the land classification for Iswarya Nagar Extn?

Iswarya Nagar Extn is classified as Residential Special Type - II, indicating its suitability for residential development.

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

For a property valued at Rs 20,00,000, the stamp duty would be Rs 1,40,000 and the registration fee would be Rs 40,000, totaling Rs 1,80,000. This is based on the guideline value of Rs 2,000 per sq.ft.

Which Sub Registrar Office covers Nandhivaram?

The Gooduvancheri Sub Registrar Office covers Nandhivaram, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone.