Guideline Value for Ishwarya Nagar Extension

Ishwarya Nagar Extension guideline value

The current guideline value of Ishwarya Nagar Extension is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Salamangalam village and falls under the Sriperumpudur SRO. The land classification for this street is Mixed Type - I.

How the guideline value of Ishwarya Nagar Extension has changed

The guideline value for Ishwarya Nagar Extension has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 600 per sq.ft, which remains unchanged from the 2023 revision. Prior to this, the 2017 revision recorded a guideline value of Rs 402 per sq.ft, marking a significant increase of 49% from 2017 to 2023.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Salamangalam

In Salamangalam, there are 59 streets under the Sriperumpudur SRO that carry a guideline value for 2024, ranging from Rs 200 to Rs 3,100 per sq.ft. The median value for these streets is Rs 500 per sq.ft, and Ishwarya Nagar Extension's 2024 figure is above this median.

• Indhu Nagar Extn: Rs 400 per sq.ft (2024)
• Indhu Nagar: Rs 400 per sq.ft (2024)
• Jaya Chitra Nagar: Rs 200 per sq.ft (2024)
• Guru Vignesh Nagar: Rs 600 per sq.ft (2024)
• Green city Extension -III: Rs 550 per sq.ft (2024)
• Green City Extension -II: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Ishwarya Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ishwarya Nagar Extension?

The Sub Registrar Office that covers Ishwarya Nagar Extension 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 Salamangalam

The guideline value is a crucial factor in the registration process when buying or selling property in Salamangalam. It determines the stamp duty and registration fees that must be paid, ensuring that both parties are aware of the financial obligations involved in the transaction.

When a property is registered, the guideline value serves as a benchmark to assess the value of the property. Buyers and sellers should be informed about the current guideline value to ensure a smooth registration process.

Frequently asked questions

What is the current guideline value of Ishwarya Nagar Extension?

The current guideline value of Ishwarya Nagar Extension is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft from 2023 to 2024, while it increased by 49% from Rs 402 per sq.ft in 2017 to 2023.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 6,00,000. The stamp duty is Rs 42,000, and the registration fee is Rs 12,000, totaling Rs 54,000.

Which office handles registrations for Ishwarya Nagar Extension?

The Sriperumpudur Sub Registrar Office handles registrations for Ishwarya Nagar Extension, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

Where can I find more information about the guideline values in Salamangalam?

More information about guideline values in Salamangalam can be found in the guideline value register maintained by the Registration Department, which details the values for various streets in the area.