Guideline Value for Ishvaryam nagar

Ishvaryam nagar guideline value

The current guideline value of Ishvaryam nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Vellivalam village and falls under the Walajabad SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Ishvaryam nagar has changed

Looking at the revisions over the years, the guideline value for Ishvaryam nagar has seen several changes. The most recent figures show that in 2024, the guideline value is Rs 200 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the value was Rs 134 per sq.ft, indicating a 49% increase from 2017 to 2023. The 2012 revision also had a value of Rs 200 per sq.ft, showing a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, there has been no change in the guideline value.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for Ishvaryam nagar in the register.

Guideline values in Vellivalam

In Vellivalam village, there are five streets under the Walajabad SRO that carry a 2024 guideline value. The values range from Rs 200 to Rs 351 per sq.ft, with the median being Rs 200 per sq.ft. Ishvaryam nagar's 2024 guideline value aligns with this median.

• Natarajan Nagar: Rs 351 per sq.ft (2024)
• Pkp Garden: Rs 200 per sq.ft (2024)
• Prem Nagar: Rs 200 per sq.ft (2024)
• Unknown Layout With Survey No:127,128/3: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Ishvaryam nagar

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, totaling Rs 18,000. It is important to note that the 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 Ishvaryam nagar?

The Sub Registrar Office that covers Ishvaryam 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 Vellivalam

The guideline value plays a crucial role in the registration process when buying or selling property in Vellivalam. It is used to determine the stamp duty and registration fees applicable to the transaction. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used to calculate the fees.

When registering a property, it is essential to refer to the latest guideline value to ensure compliance with the legal requirements. This value is updated periodically and reflects the current market conditions as per the Registration Department's guideline value register.

Frequently asked questions

What is the current guideline value of Ishvaryam nagar?

The current guideline value of Ishvaryam nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained the same at Rs 200 per sq.ft from 2012 to 2024, with a significant increase of 49% from Rs 134 per sq.ft in 2017 to Rs 200 in 2023.

What are the other streets in Vellivalam with their guideline values?

Other streets in Vellivalam include Natarajan Nagar at Rs 351 per sq.ft, Pkp Garden, Prem Nagar, and Unknown Layout With Survey No:127,128/3, all at Rs 200 per sq.ft in 2024.

What fees are associated with buying property in Ishvaryam nagar?

When buying property in Ishvaryam nagar, buyers should account for stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ishvaryam nagar?

The Sub Registrar Office for Ishvaryam nagar is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find more information online.