Guideline Value for ISWARYAM NAGAR PHASE-VI

Iswaryam Nagar Phase-VI guideline value

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

The guideline value for Iswaryam Nagar Phase-VI has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 200 per sq.ft. In 2017, the value decreased to Rs 134 per sq.ft, marking a decline of 33%. However, by the 2023 revision, the value had increased to Rs 200 per sq.ft, reflecting a significant rise of 49% from the 2017 figure. The most recent revision in 2024 maintains the guideline value at Rs 200 per sq.ft, showing no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged 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 of Rs 200 per sq.ft. Iswaryam Nagar Phase-VI's guideline value of Rs 200 per sq.ft 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-IV: Rs 200 per sq.ft (2024)
• Iswaryam Nagar Phase-V: 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-VI

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 charges to Rs 18,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Iswaryam Nagar Phase-VI?

The Sub Registrar Office that covers Iswaryam Nagar Phase-VI 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, ensuring that both parties are aware of the financial obligations involved.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then back to Rs 200 per sq.ft in 2023 and 2024. There are no figures available for the years 2002, 2003, and 2007.

What are the other streets in Vilvarayanalloor with the same guideline value?

Other streets in Vilvarayanalloor that share the same guideline value of Rs 200 per sq.ft include Iswaryam Nagar Phase-I, Phase-II, Phase-III, Phase-IV, Phase-V, and Jam Jam Nagar.

How is stamp duty calculated in Iswaryam Nagar Phase-VI?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a plot valued at Rs 2,00,000, the stamp duty would be Rs 14,000 at 7%.

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

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