Guideline Value for Ishwarya Nagar

Ishwarya Nagar guideline value

The current guideline value of Ishwarya Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Kattupakkam village under the Gooduvancheri SRO, classified as Residential Special Type - I.

How the guideline value of Ishwarya Nagar has changed

Over the years, the guideline value for Ishwarya Nagar has seen several revisions. In 2007, the guideline value was Rs 160 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2012. However, it dropped to Rs 335 per sq.ft in 2017. The most recent revisions in 2023 and 2024 have maintained the guideline value at Rs 500 per sq.ft, showing no change from the previous year.

From 2017 to 2023, there was a notable increase of 49%. The overall change from the 2007 revision to the 2024 revision reflects a substantial increase of 213%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kattupakkam

Kattupakkam village has 27 streets under the Gooduvancheri SRO, with 2024 guideline values ranging from Rs 400 to Rs 1,500 per sq.ft. The median value is Rs 500 per sq.ft, making Ishwarya Nagar's 2024 guideline value equal to the median.

• Ishwarya Nagar Phase-II: Rs 400 per sq.ft (2024)
• Ishwarya Avenue: Rs 500 per sq.ft (2024)
• Jawahar Nagar: Rs 500 per sq.ft (2024)
• Kala Nagar: Rs 400 per sq.ft (2024)
• Krishna Garden: Rs 500 per sq.ft (2024)
• Dr.Abdul Kalam Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Ishwarya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000. Together, the total cost for stamp duty and registration fee would be Rs 45,000. 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 detailed calculations.

Which Sub Registrar Office covers Ishwarya Nagar?

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

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property in Kattupakkam. It is used to determine the stamp duty and registration fees that must be paid during the transaction. The guideline value ensures that the property is valued consistently across various transactions.

When a property is sold, the guideline value is compared with the sale price. The higher of the two is used to calculate the applicable stamp duty and registration fees, ensuring that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ishwarya Nagar?

The current guideline value of Ishwarya Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 160 per sq.ft in 2007 to Rs 500 per sq.ft in 2012, then decreased to Rs 335 per sq.ft in 2017, and has remained at Rs 500 per sq.ft in both 2023 and 2024.

What is the median guideline value in Kattupakkam?

The median guideline value in Kattupakkam is Rs 500 per sq.ft, which is the same as the current guideline value for Ishwarya Nagar.

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

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

How is stamp duty calculated for properties in Ishwarya Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 at 7%.