Guideline Value for Iswarya Nagar

Iswarya Nagar guideline value

The current guideline value of Iswarya Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Sriperumbudur A village and falls under the Sriperumpudur SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Iswarya Nagar has changed

The guideline value for Iswarya Nagar has seen significant changes over the years. The 2017 revision recorded a guideline value of Rs 804 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 1,200 per sq.ft. The 2024 revision again maintains the guideline value at Rs 1,200 per sq.ft, showing no change from 2023. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From the 2017 revision to the 2023 revision, there was an increase of 49%. Overall, from 2017 to 2024, the guideline value has increased by 49% as well, reflecting a consistent valuation since 2023.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a guideline value for 2024, ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value in this area is Rs 700 per sq.ft, which indicates that Iswarya Nagar's 2024 figure of Rs 1,200 per sq.ft is above the median.

• Irular Colony: Rs 400 per sq.ft (2024)
• Jagathguru Jeyandrar Nagar: Rs 700 per sq.ft (2024)
• Jashwin Nagar: Rs 1,000 per sq.ft (2024)
• Jayabutha Vinayakar Nagar: Rs 700 per sq.ft (2024)
• Jaya Nagar: Rs 1,000 per sq.ft (2024)
• jayasri Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Iswarya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000. Together, these fees would total Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Iswarya Nagar?

The Sub Registrar Office covering Iswarya 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 details.

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

When buying or selling property in Sriperumbudur A, the guideline value plays a crucial role in determining the applicable stamp duty and registration fees. The guideline value serves as a benchmark for the minimum value at which property transactions are registered, ensuring that the government receives the appropriate tax revenue.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. Understanding these values can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Iswarya Nagar?

The current guideline value of Iswarya Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023 and remains the same in 2024, showing a 49% increase overall since 2017.

What is the land classification for Iswarya Nagar?

Iswarya Nagar is classified as Residential Class I Type - I, which indicates its suitability for residential purposes.

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

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

How is the stamp duty calculated for properties in Iswarya Nagar?

Stamp duty for properties in Iswarya Nagar is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 12,00,000 would incur a stamp duty of Rs 84,000 at 7%.