Guideline Value for Ishwarya Nagar

Ishwarya Nagar guideline value

The current guideline value of Ishwarya Nagar is Rs 200 per sq.ft, effective from the 2024 revision. This area is located in Nallamperumpedu village, under the Sriperumpudur SRO, and is classified as Residential Special Type - I.

How the guideline value of Ishwarya Nagar has changed

Over the years, the guideline value of Ishwarya Nagar has seen several revisions. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 200 per sq.ft. The next revision in 2024 continued this trend, maintaining the value at Rs 200 per sq.ft, indicating no change from the previous year.

Looking back further, the 2017 revision recorded a guideline value of Rs 134 per sq.ft, reflecting a 49% increase by the 2023 revision. The 2012 to 2017 period saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 200 per sq.ft.

Guideline values in Nallamperumpedu

In Nallamperumpedu, there are five streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 200 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing Ishwarya Nagar's 2024 figure at this median.

• Kamarajar Nagar: Rs 100 per sq.ft (2024)
• Nallamperumbedu: Rs 175 per sq.ft (2024)
• Vijaya Nagar: Rs 200 per sq.ft (2024)
• Vijaya Nagar Extn: Rs 200 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 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, resulting in a total of Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ishwarya Nagar?

The Sub Registrar Office covering Ishwarya Nagar 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 Nallamperumpedu

The guideline value plays a crucial role in property transactions in Nallamperumpedu, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration process will reference 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 set by the government, which helps in maintaining transparency in property dealings. It is essential for both parties to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ishwarya Nagar?

The current guideline value of Ishwarya Nagar is Rs 200 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 200 per sq.ft from 2012 to 2024, with a notable increase of 49% from Rs 134 per sq.ft in 2017 to 2023.

What is the land classification for Ishwarya Nagar?

Ishwarya Nagar is classified as Residential Special Type - I, indicating its suitability for residential development.

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would be Rs 18,000.

Where is the Sub Registrar Office for Ishwarya Nagar located?

The Sriperumpudur Sub Registrar Office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.