Guideline Value for ISWARYAM GADEN

Iswaryam Gaden guideline value

The current guideline value of Iswaryam Gaden in Thervali village, under the Gummidipoondi SRO, is Rs 380 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - I land classification.

How the guideline value of Iswaryam Gaden has changed

The guideline value for Iswaryam Gaden has undergone several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent revision prior to 2024 was in 2023, where the guideline value was Rs 350 per sq.ft. This marked an increase of 9% to the current value of Rs 380 per sq.ft in 2024.

In the 2024 revision, the guideline value reflects a significant update, aligning with the median value of Rs 380 per sq.ft for the four streets in Thervali under the Gummidipoondi SRO. The previous value of Rs 350 per sq.ft in 2023 indicates a clear upward adjustment in the guideline value.

Guideline values in Thervali

In Thervali, the guideline values for the streets under the Gummidipoondi SRO range from Rs 250 to Rs 440 per sq.ft, with the median being Rs 380 per sq.ft. Iswaryam Gaden's guideline value matches this median, indicating its position within the local market.

• Aadhithya Garden Part II: Rs 380 per sq.ft (2024)
• Prakash Nagar: Rs 250 per sq.ft (2024)
• Raja Nagar: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Iswaryam Gaden

For a 1,000 sq.ft plot at the current guideline value of Rs 380 per sq.ft, the total guideline value amounts to Rs 3,80,000. The stamp duty at 7% would be Rs 26,600, and the registration fee at 2% would be Rs 7,600, bringing the total fees to Rs 34,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Iswaryam Gaden?

The Sub Registrar Office that covers Iswaryam Gaden is the Gummidipoondi Sub Registrar Office, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thervali. It serves as a reference point for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation rather than the sale price.

When you approach the registration office, the guideline value will be used to determine the applicable fees, which are essential for completing the transaction legally. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Iswaryam Gaden?

The current guideline value of Iswaryam Gaden is Rs 380 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2023 to Rs 380 per sq.ft in 2024, reflecting a 9% increase. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values of other streets in Thervali?

Other streets in Thervali have varying guideline values. Aadhithya Garden Part II is Rs 380 per sq.ft, Prakash Nagar is Rs 250 per sq.ft, and Raja Nagar is Rs 440 per sq.ft, all effective in 2024.

What fees are associated with buying property in Iswaryam Gaden?

When buying property in Iswaryam Gaden, the stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur total fees of Rs 34,200.

Where can I find the Sub Registrar Office for Iswaryam Gaden?

The Sub Registrar Office for Iswaryam Gaden is the Gummidipoondi Sub Registrar Office, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone.