Guideline Value for Iswarya Nagar

Iswarya Nagar guideline value

The current guideline value of Iswarya Nagar is Rs 605 per sq.ft, effective from 1 July 2024. This area is located in Thirumangalam village, under the Sunguvarchattram SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Iswarya Nagar has changed

Since the 2012 revision, the guideline value for Iswarya Nagar has seen significant increases. In 2012, the guideline value was Rs 200 per sq.ft, which rose to Rs 405 per sq.ft in 2017, marking a 103% increase. The value then increased to Rs 605 per sq.ft in 2023, which remained unchanged in the 2024 revision, indicating a 49% increase from the 2017 figure. The overall change from 2012 to 2024 is a substantial 203% increase.

There are no recorded figures for the years 2002, 2003, and 2007 for Iswarya Nagar in the guideline value register. This lack of data means we cannot analyze changes in those years.

Guideline values in Thirumangalam

In Thirumangalam, there are 42 streets under the Sunguvarchattram SRO that have a 2024 guideline value ranging from Rs 250 to Rs 2,000 per sq.ft. The median guideline value is Rs 605 per sq.ft, which is the same as the 2024 figure for Iswarya Nagar.

• Hospital Street: Rs 300 per sq.ft (2024)
• Kent Grdern: Rs 2,000 per sq.ft (2024)
• Eri Street: Rs 250 per sq.ft (2024)
• Kulakarai IInd Street: Rs 700 per sq.ft (2024)
• Kulakarai Ist street: Rs 700 per sq.ft (2024)
• Kuravar Street: Rs 605 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 605 per sq.ft, the total guideline value would be Rs 6,05,000. The stamp duty at 7% would amount to Rs 42,350, while the registration fee at 2% would be Rs 12,100. Together, the total cost for these fees would be Rs 54,450. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Iswarya Nagar?

The Sub Registrar Office that covers Iswarya Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Thirumangalam. It is used to determine the stamp duty and registration fees payable when buying or selling property. Buyers and sellers must refer to the guideline value to ensure that they are compliant with the local regulations during the registration process.

When a property is sold, the guideline value is considered as a baseline for calculating the applicable duties and fees. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Iswarya Nagar?

The current guideline value of Iswarya Nagar is Rs 605 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 200 per sq.ft in 2012 to Rs 605 per sq.ft in 2024, marking a total increase of 203% over that period.

What is the stamp duty rate in Iswarya Nagar?

The stamp duty rate in Iswarya Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Iswarya Nagar located?

The Sub Registrar Office for Iswarya Nagar is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

What are the other streets with guideline values in Thirumangalam?

Other streets in Thirumangalam include Hospital Street at Rs 300 per sq.ft, Kent Grdern at Rs 2,000 per sq.ft, Eri Street at Rs 250 per sq.ft, Kulakarai IInd Street at Rs 700 per sq.ft, Kulakarai Ist street at Rs 700 per sq.ft, and Kuravar Street at Rs 605 per sq.ft.