Guideline Value for Ishwarya Avenue

Ishwarya Avenue guideline value

The current guideline value of Ishwarya Avenue in Puthur village is Rs 770 per sq.ft, effective from 1 July 2024. This property falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - I.

How the guideline value of Ishwarya Avenue has changed

Looking at the historical revisions, the guideline value for Ishwarya Avenue was Rs 700 per sq.ft in 2023, which increased to Rs 770 per sq.ft in 2024, marking a change of +10%. Prior to that, in 2017, the value was Rs 469 per sq.ft, which saw a significant increase of +49% by 2023. The 2012 revision also recorded a value of Rs 700 per sq.ft, but this represented a decrease of -33% compared to the 2017 figure. There are no figures available for the years 2002, 2003, or 2007 in the register for this street.

Overall, from 2012 to 2024, the guideline value has increased by +10%. This historical data indicates the fluctuations and adjustments made to the guideline value over the years.

Guideline values in Puthur

Puthur village has a total of 63 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 330 to Rs 4,600 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Ishwarya Avenue's 2024 figure below the median.

• J.P. Avenue Phase - I: Rs 770 per sq.ft (2024)
• J.P. Avenue Phase - II: Rs 770 per sq.ft (2024)
• J.P. Avenue Phase - III: Rs 770 per sq.ft (2024)
• J.P. Avenue Phase - IV: Rs 770 per sq.ft (2024)
• Gandhi Nagar: Rs 550 per sq.ft (2024)
• Kavina Garden: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Ishwarya Avenue

For a 1,000 sq.ft plot at the current rate of Rs 770 per sq.ft, the guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, totaling Rs 69,300. It is important to note that the 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 Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Puthur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration process will use the guideline value to calculate applicable duties and fees.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for tax purposes. It serves as a benchmark for both buyers and sellers, providing a clear understanding of property values in the area.

Frequently asked questions

What is the current guideline value of Ishwarya Avenue?

The current guideline value of Ishwarya Avenue is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2023 to Rs 770 per sq.ft in 2024. It was Rs 469 per sq.ft in 2017 and Rs 700 per sq.ft in 2012, showing various increases and decreases over the years.

What is the classification of land on Ishwarya Avenue?

Ishwarya Avenue is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Ishwarya Avenue?

The Sub Registrar Office for Ishwarya Avenue is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.

How is the 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, for a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900 at a rate of 7%.