Guideline Value for Ishwarya Avenue

Ishwarya Avenue guideline value

The current guideline value of Ishwarya Avenue is Rs 800 per sq.ft. This street is located in Vengadamangalam village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Ishwarya Avenue has changed

Looking at the revisions over the years, the guideline value for Ishwarya Avenue was Rs 355 per sq.ft in 2007. It increased significantly to Rs 800 per sq.ft in 2012, marking a rise of 125%. However, in the following revision in 2017, the value dropped to Rs 536 per sq.ft, a decrease of 33%. The most recent revision in 2023 set the guideline value at Rs 800 per sq.ft, reflecting a 49% increase from the 2017 figure.

Overall, from 2007 to 2023, the guideline value has increased by 125%. It is important to note that there are no figures available for the years 2002, 2003, and 2024 in the register for this street.

Guideline values in Vengadamangalam

Currently, there are no specific village figures available for Vengadamangalam. Ishwarya Avenue is the only street mentioned in this context.

Stamp duty and registration fee for property in Ishwarya Avenue

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

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 Vengadamangalam

The guideline value plays a crucial role in property transactions in Vengadamangalam. It is used to determine the stamp duty and registration fees that buyers must pay when registering a property. The guideline value ensures that the transaction is recorded at a standardized rate, which helps in maintaining transparency in property dealings.

When buying or selling property, it is essential to consider the guideline value as it directly impacts the overall cost of the transaction. Buyers should be aware that the registration office will assess the property based on this value, and the applicable fees will be calculated accordingly.

Frequently asked questions

What is the current guideline value of Ishwarya Avenue?

The current guideline value of Ishwarya Avenue is Rs 800 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has seen fluctuations, starting from Rs 355 per sq.ft in 2007, rising to Rs 800 per sq.ft in 2012, dropping to Rs 536 per sq.ft in 2017, and then returning to Rs 800 per sq.ft in 2023.

What is the land classification for Ishwarya Avenue?

The land classification for Ishwarya Avenue is Residential Special Type - II, indicating its intended use for residential purposes.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Ishwarya Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty and registration fee of Rs 72,000.