Guideline Value for Isaiyagam Street

Isaiyagam Street guideline value

The current guideline value of Isaiyagam Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Residential Class I Type - II.

How the guideline value of Isaiyagam Street has changed

The guideline value for Isaiyagam Street has seen several revisions over the years. In 2003, the value was Rs 535 per sq.ft, which increased to Rs 800 per sq.ft in 2007. Following this, the value rose significantly to Rs 3,000 per sq.ft in 2012, but then decreased to Rs 2,010 per sq.ft in 2017. The value was Rs 3,000 per sq.ft again in 2023 before reaching the current figure of Rs 3,300 per sq.ft in 2024. Notably, there is no figure available for this street in the 2002 revision.

From 2017 to 2023, the guideline value increased by 49%, while from 2023 to 2024, it saw a 10% increase. The most significant change occurred between 2007 and 2012, where the value surged by 275%. Overall, from 2003 to 2024, the guideline value has increased by 517%.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value is Rs 3,300 per sq.ft, which is the same as the guideline value for Isaiyagam Street.

• Indra Nagar 6th Street: Rs 3,300 per sq.ft (2024)
• Indra Nagar: Rs 3,300 per sq.ft (2024)
• Indra Gandhi Street: Rs 3,520 per sq.ft (2024)
• Iyswarya Nagar: Rs 2,750 per sq.ft (2024)
• Jagath Avenue 1 To 4 Streets: Rs 2,750 per sq.ft (2024)
• Illangovan Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Isaiyagam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making the total cost Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Isaiyagam Street?

The Sub Registrar Office that covers Isaiyagam Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Zaminpallavaram. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that transactions are conducted transparently and fairly.

When a property is sold, the guideline value helps in calculating the costs associated with the transfer of ownership. Buyers and sellers should be aware of the current guideline values to ensure they are paying the correct fees and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of Isaiyagam Street?

The current guideline value of Isaiyagam Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 535 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, with various increases and decreases in between.

What is the registration office for Isaiyagam Street?

The registration office for Isaiyagam Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

What are the stamp duty and registration fees for properties in Isaiyagam Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 2,97,000.

What is the land classification of Isaiyagam Street?

Isaiyagam Street is classified as Residential Class I Type - II, which is important for understanding its usage and potential development.