Guideline Value for ISWARYA NAGAR

Iswarya Nagar guideline value

The current guideline value of Iswarya Nagar is Rs 350 per sq.ft, as per the 2023 revision. This area is located in Thozhuvur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Iswarya Nagar has changed

In the 2012 revision, the guideline value was Rs 350 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 234 per sq.ft, marking a decline of 33%. However, in the 2023 revision, the guideline value increased by 50% to reach Rs 350 per sq.ft again. The register has no figures for the revisions in 2002, 2003, and 2007, as well as for 2024.

Overall, from 2012 to 2023, the guideline value has not changed, remaining at Rs 350 per sq.ft. The fluctuations in the values reflect the changes in the property market but do not indicate a consistent trend over the years.

Guideline values in Thozhuvur

While specific village figures are not provided, Iswarya Nagar is part of Thozhuvur, which is under the jurisdiction of the Tiruvallur Joint 1 SRO. There are no other streets in Thozhuvur listed for guideline values.

Stamp duty and registration fee for property in Iswarya Nagar

For a 1,000 sq.ft plot at the current rate of Rs 350 per sq.ft, the guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, bringing the total to Rs 31,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Iswarya Nagar?

The Sub Registrar Office that covers Iswarya Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration of property transactions in Thozhuvur. It is used to determine the stamp duty and registration fees that buyers need to pay when purchasing property in the area.

When a property is sold, the guideline value is considered alongside the sale price. The stamp duty is charged on the higher of the two amounts, ensuring that the government receives the appropriate fees based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Iswarya Nagar?

The current guideline value of Iswarya Nagar is Rs 350 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2012 to Rs 234 per sq.ft in 2017, and then back to Rs 350 per sq.ft in 2023. The 2017 to 2023 change represents a 50% increase.

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

For a property valued at Rs 3,50,000, the stamp duty would be Rs 24,500 and the registration fee would be Rs 7,000, totaling Rs 31,500. These fees are calculated based on the guideline value.

Which Sub Registrar Office is responsible for Iswarya Nagar?

The Tiruvallur Joint 1 Sub Registrar Office is responsible for Iswarya Nagar, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

Are there any other streets in Thozhuvur with guideline values?

No specific other streets in Thozhuvur are listed for guideline values. Iswarya Nagar is the only street mentioned in the current context.