Guideline Value for ISWARYAM NAGAR PHASE - II

Iswaryam Nagar Phase - II guideline value

The current guideline value for Iswaryam Nagar Phase - II is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Vilvarayanalloor village and falls under the Madurandakam SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Iswaryam Nagar Phase - II has changed

The guideline value for Iswaryam Nagar Phase - II has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 134 per sq.ft. However, from 2017 to 2023, the value increased by 49%, bringing it back to Rs 200 per sq.ft. The current revision for 2024 maintains this figure at Rs 200 per sq.ft, showing no change from the previous year.

It is important to note that the register does not contain figures for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 200 per sq.ft.

Guideline values in Vilvarayanalloor

In Vilvarayanalloor, there are 23 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 101 to Rs 300 per sq.ft, with a median value of Rs 200 per sq.ft. Iswaryam Nagar Phase - II's guideline value is equal to this median.

• Iswaryam Nagar Phase-I: Rs 200 per sq.ft (2024)
• Iswaryam Nagar Phase-III: Rs 200 per sq.ft (2024)
• Iswaryam Nagar Phase-IV: Rs 200 per sq.ft (2024)
• Iswaryam Nagar Phase-V: Rs 200 per sq.ft (2024)
• Iswaryam Nagar Phase-VI: Rs 200 per sq.ft (2024)
• Jam Jam Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Iswaryam Nagar Phase - II

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Iswaryam Nagar Phase - II?

The Sub Registrar Office that covers Iswaryam Nagar Phase - II 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 Vilvarayanalloor

The guideline value is a crucial factor in the registration process when buying or selling property in Vilvarayanalloor. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value for Iswaryam Nagar Phase - II?

The current guideline value for Iswaryam Nagar Phase - II 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 the 2012 revision, with a drop to Rs 134 per sq.ft in 2017, followed by a return to Rs 200 per sq.ft in 2023 and 2024.

Where can I find the registration office for Iswaryam Nagar Phase - II?

The registration office covering Iswaryam Nagar Phase - II is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot at the guideline value of Rs 200 per sq.ft, the total guideline value is Rs 2,00,000, leading to a stamp duty of Rs 14,000 and a registration fee of Rs 4,000, totaling Rs 18,000.

How is the guideline value determined?

The guideline value is determined by the registration department and reflects the value of properties in specific areas. It is revised periodically to ensure it aligns with market conditions.