Guideline Value for ISWARYAM NAGAR

Iswaryam Nagar guideline value

The current guideline value of Iswaryam Nagar is Rs 275 per sq.ft, effective from 1 July 2024. This area is located in Perungavur village, under the jurisdiction of the Redhills Sub Registrar Office (SRO). The land classification for this street is Residential Class II Type - I.

How the guideline value of Iswaryam Nagar has changed

The guideline value for Iswaryam Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 167 per sq.ft, while the most recent 2024 revision increased it to Rs 275 per sq.ft, marking a significant increase of 65% over this period. It is important to note that the register has no figures for this street for the years 2023, 2012, 2007, 2003, and 2002.

From the 2017 revision to the 2024 revision, the value rose from Rs 167 per sq.ft to Rs 275 per sq.ft. The 2024 figure aligns with the median guideline value of Rs 275 per sq.ft for 79 streets in Perungavur under the Redhills SRO, which range from Rs 220 to Rs 1,500 per sq.ft.

Guideline values in Perungavur

In Perungavur, the guideline values vary across different streets. The current guideline value for Iswaryam Nagar is equal to the median value of Rs 275 per sq.ft. Below are the guideline values for other streets in Perungavur:

• Green Spring: Rs 275 per sq.ft (2024)
• Gopi Nagar: Rs 220 per sq.ft (2024)
• Gomathi Ammannagar Phase III: Rs 234 per sq.ft (2024)
• Gomathiamman Nagar Annex V Extention: Rs 220 per sq.ft (2024)
• Gomathi Amman Nagar Annex - V: Rs 220 per sq.ft (2024)
• Gomathiamman Nagar Annex II Extention: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Iswaryam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 275 per sq.ft, the total guideline value amounts to Rs 2,75,000. The stamp duty at 7% would be Rs 19,250, and the registration fee at 2% would be Rs 5,500, bringing the total fees to Rs 24,750. It is important to 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?

The Sub Registrar Office that covers Iswaryam Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perungavur. It serves as a benchmark for determining the value of the property for taxation purposes, ensuring that the correct stamp duty and registration fees are applied.

When a property is sold, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the actual sale price. This system helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Iswaryam Nagar?

The current guideline value of Iswaryam Nagar is Rs 275 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 167 per sq.ft to Rs 275 per sq.ft in 2024, reflecting a rise of 65%.

Are there any revisions with no figures for Iswaryam Nagar?

Yes, the register has no figures for Iswaryam Nagar for the years 2023, 2012, 2007, 2003, and 2002.

What is the land classification for Iswaryam Nagar?

The land classification for Iswaryam Nagar is Residential Class II Type - I.

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

The Sub Registrar Office for Iswaryam Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.