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Guideline Value for Iswariya Nagar (Indian Bank Staff Colony)

₹1004/sq.ft.

The guideline value for Iswariya Nagar (indian Bank Staff Colony) in Ariyalur village (Redhills SRO, Chennai zone) is Rs 1004 per sq.ft, effective 1 July 2024. It was Rs 250 per sq.ft from 1 April 2023, a 302% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ariyalur

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1004 /sq.ft.
From 1-4-2023 ₹250 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Iswariya Nagar (indian Bank Staff Colony)

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Iswariya Nagar (Indian Bank Staff Colony) guideline value

The current guideline value of Iswariya Nagar (Indian Bank Staff Colony) is Rs 1,004 per sq.ft, effective from 1 July 2024. This area is located in Ariyalur village under the Redhills SRO, classified as Residential Class II Type - I.

How the guideline value of Iswariya Nagar (Indian Bank Staff Colony) has changed

The guideline value for Iswariya Nagar (Indian Bank Staff Colony) has undergone significant changes in recent years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 250 per sq.ft, which was a substantial increase from previous years. With the 2024 revision, the guideline value rose dramatically to Rs 1,004 per sq.ft, marking an increase of 302% from the 2023 figure.

This sharp increase reflects the latest revision's alignment with other streets in the area. The 2024 figure is notably above the median guideline value of Rs 1,002 per sq.ft for the 24 streets in Ariyalur under the Redhills SRO.

Guideline values in Ariyalur

Ariyalur village features various streets with differing guideline values. The current guideline value for Iswariya Nagar (Indian Bank Staff Colony) is above the median of Rs 1,002 per sq.ft for the area. Below are the guideline values for other streets in Ariyalur:

Stamp duty and registration fee for property in Iswariya Nagar (Indian Bank Staff Colony)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,004 per sq.ft, the total guideline value amounts to Rs 10,04,000. The stamp duty at 7% would be Rs 70,280, and the registration fee at 2% would be Rs 20,080, bringing the total to Rs 90,360. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Iswariya Nagar (Indian Bank Staff Colony)?

The Sub Registrar Office that covers Iswariya Nagar (Indian Bank Staff Colony) is the Redhills Sub Registrar Office. The address is Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

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

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Iswariya Nagar?

The current guideline value of Iswariya Nagar (Indian Bank Staff Colony) is Rs 1,004 per sq.ft, effective from 1 July 2024.

How much did the guideline value change from 2023 to 2024?

The guideline value increased by 302% from Rs 250 per sq.ft in 2023 to Rs 1,004 per sq.ft in 2024.

What is the median guideline value for streets in Ariyalur?

The median guideline value for the 24 streets in Ariyalur under the Redhills SRO is Rs 1,002 per sq.ft.

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

For a 1,000 sq.ft property at the current guideline value, the total stamp duty is Rs 70,280, and the registration fee is Rs 20,080, totaling Rs 90,360.

Where is the Sub Registrar Office for Iswariya Nagar located?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.