Guideline Value for Ishwarya Garden

Ishwarya Garden guideline value

The current guideline value of Ishwarya Garden in Perungalathur village is Rs 3,960 per sq.ft, effective from 1 July 2024. This property falls under the Padappai Sub Registrar Office (SRO) and is classified as Commercial Class I Type - I.

How the guideline value of Ishwarya Garden has changed

The guideline value for Ishwarya Garden has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 3,960 per sq.ft, which is a 10% increase from the 2023 figure of Rs 3,600 per sq.ft. Prior to that, the 2017 revision had the value at Rs 2,412 per sq.ft, marking a significant increase of 49% from the previous 2023 revision. The 2012 revision also recorded a value of Rs 3,600 per sq.ft, which was a decrease of 33% from the 2017 revision. Overall, from 2012 to 2024, the guideline value has increased by 10%.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for Ishwarya Garden. This lack of data reflects the changes in the property market over time, with the most notable adjustments occurring in the more recent years.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that have a guideline value for 2024, ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,310 per sq.ft, placing Ishwarya Garden's guideline value above this median.

• Irai kutty Street: Rs 1,980 per sq.ft (2024)
• Indra Nagar: Rs 1,320 per sq.ft (2024)
• Indra Gandhi Street: Rs 2,640 per sq.ft (2024)
• Ilango Street: Rs 2,310 per sq.ft (2024)
• Janaki Raman Street: Rs 2,310 per sq.ft (2024)
• Haritha Enclave (M.S.): Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Ishwarya Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 3,960 per sq.ft, the total guideline value amounts to Rs 39,60,000. The stamp duty at 7% would be Rs 2,77,200, and the registration fee at 2% would be Rs 79,200. Together, the total cost for stamp duty and registration fees would be Rs 3,56,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ishwarya Garden?

The Ishwarya Garden area is covered by the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Perungalathur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This ensures that the fees are based on a standard valuation set by the government, rather than the negotiated sale price.

Frequently asked questions

What is the current guideline value of Ishwarya Garden?

The current guideline value of Ishwarya Garden is Rs 3,960 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 3,600 in 2023 to Rs 3,960 in 2024, and from Rs 2,412 in 2017 to Rs 3,600 in 2012. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification of Ishwarya Garden?

Ishwarya Garden is classified as Commercial Class I Type - I, which indicates its suitability for commercial activities.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 3,56,400, based on the guideline value of Rs 39,60,000.

Which Sub Registrar Office covers Ishwarya Garden?

The Padappai Sub Registrar Office covers Ishwarya Garden, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.