Guideline Value for ISWARYAM NAGAR PHASE-III

Iswaryam Nagar Phase-III guideline value

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

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

The guideline value for Iswaryam Nagar Phase-III has seen several revisions over the years. In 2012, the guideline value was 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, there was a significant increase of 49%, bringing the value back to Rs 200 per sq.ft. The 2024 revision has maintained this value, showing no change from the previous year.

It is important to note that there are no figures available 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. The median value for these streets is Rs 200 per sq.ft, which is equal to the guideline value of Iswaryam Nagar Phase-III.

• Iswaryam Nagar Phase-I: Rs 200 per sq.ft (2024)
• Iswaryam Nagar Phase - II: 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-III

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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Iswaryam Nagar Phase-III?

The Sub Registrar Office that covers Iswaryam Nagar Phase-III 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 plays a crucial role in the registration process when buying or selling property in Vilvarayanalloor. It is used to determine the stamp duty and registration fees that must be paid at the time of registration.

When a property is registered, the higher value between the guideline value and the sale price is taken into account for calculating the applicable duties. This ensures that the registration reflects the true value of the property being transacted.

Frequently asked questions

What is the current guideline value of Iswaryam Nagar Phase-III?

The current guideline value of Iswaryam Nagar Phase-III 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 a drop to Rs 134 per sq.ft in 2017, followed by a return to Rs 200 per sq.ft in 2023 and 2024.

What is the land classification of Iswaryam Nagar Phase-III?

Iswaryam Nagar Phase-III is classified as Residential Special Type - I.

Where can I find the Sub Registrar Office for Iswaryam Nagar Phase-III?

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

How is the stamp duty calculated for properties in Iswaryam Nagar Phase-III?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at Rs 200 per sq.ft, the guideline value would be Rs 2,00,000, leading to a stamp duty of Rs 14,000.