Guideline Value for Ishwarya Avenue

Ishwarya Avenue guideline value

The current guideline value of Ishwarya Avenue in Kattupakkam village is Rs 500 per sq.ft, effective from 1 July 2024. This property falls under the Gooduvancheri SRO and is classified as Residential Special Type - I.

How the guideline value of Ishwarya Avenue has changed

Since the 2007 revision, the guideline value of Ishwarya Avenue has seen significant changes. In 2007, the value was Rs 160 per sq.ft, which increased to Rs 500 per sq.ft in 2012. However, it decreased to Rs 335 per sq.ft in 2017. The 2023 revision maintained the value at Rs 500 per sq.ft, which remains the same in the 2024 revision, indicating no change from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 213%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kattupakkam

In Kattupakkam, there are 27 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 1,500 per sq.ft. The median value is Rs 500 per sq.ft, which is equal to the guideline value of Ishwarya Avenue.

• Ishwarya Nagar: Rs 500 per sq.ft (2024)
• Ishwarya Nagar Phase-II: Rs 400 per sq.ft (2024)
• Jawahar Nagar: Rs 500 per sq.ft (2024)
• Kala Nagar: Rs 400 per sq.ft (2024)
• Krishna Garden: Rs 500 per sq.ft (2024)
• Dr.Abdul Kalam Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Ishwarya Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, making the total fees Rs 45,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ishwarya Avenue?

The Sub Registrar Office that covers Ishwarya Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kattupakkam. It is used to calculate the stamp duty and registration fees during the registration process. Buyers and sellers must be aware of the current guideline value to ensure accurate financial planning when completing a property transaction.

When registering a property, the guideline value is considered to determine the applicable fees. It is essential for both buyers and sellers to understand that the higher of the guideline value or the sale price will be used to calculate the stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Ishwarya Avenue?

The current guideline value of Ishwarya Avenue is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 160 per sq.ft in 2007 to Rs 500 per sq.ft in 2012, then decreased to Rs 335 per sq.ft in 2017, and has remained at Rs 500 per sq.ft in both the 2023 and 2024 revisions.

What is the land classification for Ishwarya Avenue?

Ishwarya Avenue is classified as Residential Special Type - I under the current guidelines.

What are the stamp duty and registration fees for a property in Ishwarya Avenue?

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000, and the registration fee would be Rs 10,000, totaling Rs 45,000.

Which office handles registrations for Ishwarya Avenue?

The Gooduvancheri Sub Registrar Office is responsible for handling registrations for Ishwarya Avenue.