Guideline Value for ISWARYAM NAGAR

Iswaryam Nagar guideline value

The current guideline value of Iswaryam Nagar is Rs 102 per sq.ft, effective from 1 July 2024. This area is located in Konasamudram village under the Pallipattu SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Iswaryam Nagar has changed

The guideline value for Iswaryam Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 60 per sq.ft, which then decreased to Rs 40 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 150%, bringing the value up to Rs 100 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 102 per sq.ft, reflecting a 2% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for Iswaryam Nagar. Overall, from 2012 to 2024, the guideline value has increased by 70%.

Guideline values in Konasamudram

Currently, there are no specific guideline values provided for other streets in Konasamudram under the Pallipattu SRO. Iswaryam Nagar is the only street mentioned with a guideline value of Rs 102 per sq.ft for the year 2024.

Stamp duty and registration fee for property in Iswaryam Nagar

For a 1,000 sq.ft plot at the current rate of Rs 102 per sq.ft, the guideline value amounts to Rs 1,02,000. The stamp duty is charged at 7%, resulting in Rs 7,140, while the registration fee is charged at 2%, amounting to Rs 2,040. Together, the total cost for stamp duty and registration fee would be Rs 9,180. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Iswaryam Nagar?

The Sub Registrar Office that covers Iswaryam Nagar is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Iswaryam Nagar and other areas within Konasamudram. It serves as a benchmark for the minimum price 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 a property transaction occurs, the guideline value is used to calculate the applicable stamp duty and registration fees. These fees are essential for the legal transfer of property ownership and are based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of Iswaryam Nagar?

The current guideline value of Iswaryam Nagar is Rs 102 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 60 per sq.ft in 2012 to Rs 102 per sq.ft in 2024, reflecting an overall increase of 70% during this period.

What are the stamp duty and registration fees for a property in Iswaryam Nagar?

For a property valued at Rs 1,02,000, the stamp duty would be Rs 7,140 and the registration fee would be Rs 2,040, making the total Rs 9,180.

Which Sub Registrar Office covers Iswaryam Nagar?

The Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, covers Iswaryam Nagar.

Are there other streets in Konasamudram with guideline values?

Currently, there are no other streets in Konasamudram listed with guideline values under the Pallipattu SRO.