Guideline Value for Ishvariyam Nagar

Ishvariyam Nagar guideline value

The current guideline value of Ishvariyam Nagar, located in Pusivakkam village under the Walajabad SRO, is Rs 126 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class III Type - I land classification.

How the guideline value of Ishvariyam Nagar has changed

The guideline value for Ishvariyam Nagar has undergone several revisions over the years. In 2012, the guideline value was Rs 125 per sq.ft, which slightly decreased to Rs 84 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 50%, bringing the value back to Rs 126 per sq.ft, a figure that remained unchanged in the 2024 revision.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by just 1%.

Guideline values in Pusivakkam

In Pusivakkam, there are 22 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 598 per sq.ft. The median guideline value for these streets is Rs 150 per sq.ft, making Ishvariyam Nagar's 2024 figure of Rs 126 per sq.ft below this median.

• J.S.Garden: Rs 598 per sq.ft (2024)
• Brindavan Garden Phase-I: Rs 150 per sq.ft (2024)
• Margo Tree Farm Lout: Rs 100 per sq.ft (2024)
• Antony Avenue: Rs 100 per sq.ft (2024)
• Annai Nagar: Rs 126 per sq.ft (2024)
• Royal City Phase-I: Rs 175 per sq.ft (2024)

Stamp duty and registration fee for property in Ishvariyam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 126 per sq.ft, the total guideline value amounts to Rs 1,26,000. The stamp duty at 7% would be Rs 8,820, and the registration fee at 2% would be Rs 2,520, bringing the total fees to Rs 11,340. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ishvariyam Nagar?

The Sub Registrar Office that covers Ishvariyam Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pusivakkam. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated, ensuring that these fees are based on a standardized valuation.

When a property is sold, the guideline value helps in assessing the fair value of the transaction, thereby providing a transparent framework for both buyers and sellers. This ensures that all parties involved are aware of the costs associated with the transfer of property ownership.

Frequently asked questions

What is the current guideline value of Ishvariyam Nagar?

The current guideline value of Ishvariyam Nagar is Rs 126 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 125 per sq.ft in 2012 to Rs 84 per sq.ft in 2017, then increased to Rs 126 per sq.ft in both 2023 and 2024, showing a 50% increase from 2017 to 2023.

What is the land classification of Ishvariyam Nagar?

Ishvariyam Nagar falls under the Residential Class III Type - I land classification.

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

The Sub Registrar Office for Ishvariyam Nagar is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is the stamp duty calculated for property in Ishvariyam Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value results in a total stamp duty of Rs 8,820.