Guideline Value for ISWARYAM NAGAR PHASE-IV

Iswaryam Nagar Phase-IV guideline value

The current guideline value of Iswaryam Nagar Phase-IV 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-IV has changed

The guideline value for Iswaryam Nagar Phase-IV has seen several revisions over the years. The most recent revisions show that the guideline value has remained constant at Rs 200 per sq.ft for both the 2023 and 2024 revisions. In contrast, the 2017 revision recorded a guideline value of Rs 134 per sq.ft, indicating a significant increase of 49% from 2017 to 2023. The 2012 revision also had a figure of Rs 200 per sq.ft, marking a decrease of 33% from the 2012 to 2017 period. Overall, from the 2012 to 2024 revisions, the guideline value has remained unchanged at Rs 200 per sq.ft.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

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 the median being Rs 200 per sq.ft. Iswaryam Nagar Phase-IV's guideline value is equal to this median.

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

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, bringing the total fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Iswaryam Nagar Phase-IV?

The Sub Registrar Office that covers Iswaryam Nagar Phase-IV 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 details.

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

The guideline value is a crucial factor when buying or selling property in Vilvarayanalloor, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of Iswaryam Nagar Phase-IV is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Iswaryam Nagar Phase-IV has remained at Rs 200 per sq.ft for the 2023 and 2024 revisions. It increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023, marking a 49% increase.

What is the land classification for Iswaryam Nagar Phase-IV?

The land classification for Iswaryam Nagar Phase-IV is Residential Special Type - I, indicating its suitability for residential development.

What are the registration fees for property transactions in Iswaryam Nagar Phase-IV?

For a property valued at the current guideline value of Rs 2,00,000, the stamp duty would be Rs 14,000, and the registration fee would be Rs 4,000, totaling Rs 18,000.

Where is the Sub Registrar Office for Iswaryam Nagar Phase-IV located?

The Sub Registrar Office that covers Iswaryam Nagar Phase-IV is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.