Guideline Value for Ishwarya Forms & Resorts

Ishwarya Forms & Resorts guideline value

The current guideline value of Ishwarya Forms & Resorts is Rs 150 per sq.ft. It is located in Araneri village, under the Sriperumpudur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Ishwarya Forms & Resorts has changed

The guideline value for Ishwarya Forms & Resorts has seen several revisions over the years. The most recent revision in 2024 maintains the guideline value at Rs 150 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision set the value at Rs 100 per sq.ft, reflecting a 50% increase when compared to the 2017 figure. The 2012 revision also had a guideline value of Rs 150 per sq.ft, showing a decrease of 33% from the 2017 value.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, there has been no change in the guideline value.

Guideline values in Araneri

In Araneri village, there are 9 streets under the Sriperumpudur SRO that have a guideline value for 2024, ranging from Rs 150 to Rs 471 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, placing Ishwarya Forms & Resorts' 2024 figure below that median.

• Kanagambaram Poo Street: Rs 300 per sq.ft (2024)
• Om Sakthi Nagar: Rs 300 per sq.ft (2024)
• Patturosa Poo Street: Rs 300 per sq.ft (2024)
• Poovarasam Poo street: Rs 300 per sq.ft (2024)
• Thazhampoo Street: Rs 300 per sq.ft (2024)
• Vadamalli Poo Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Ishwarya Forms & Resorts

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total to Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ishwarya Forms & Resorts?

The Sub Registrar Office that covers Ishwarya Forms & Resorts is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Araneri. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the correct amount of revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Ishwarya Forms & Resorts?

The current guideline value of Ishwarya Forms & Resorts is Rs 150 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft from 2012 to 2024, with a previous increase from Rs 100 per sq.ft in 2017. The 2023 revision also maintained the value at Rs 150 per sq.ft.

What are the other streets in Araneri and their guideline values?

Other streets in Araneri under the Sriperumpudur SRO have guideline values ranging from Rs 150 to Rs 471 per sq.ft. The median value for these streets is Rs 300 per sq.ft.

What is the stamp duty rate for property in Ishwarya Forms & Resorts?

The stamp duty rate for property in Ishwarya Forms & Resorts is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ishwarya Forms & Resorts?

The Sub Registrar Office covering Ishwarya Forms & Resorts is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.