Guideline Value for Iswaryam Nagar

Iswaryam Nagar guideline value

The current guideline value of Iswaryam Nagar is Rs 800 per sq.ft, effective from 1 July 2024. This area is located in Vadakal village under the Sriperumpudur SRO, and the land classification is Mixed Type - II.

How the guideline value of Iswaryam Nagar has changed

The guideline value for Iswaryam Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 800 per sq.ft, which is the same as the 2023 revision. The 2017 revision was Rs 536 per sq.ft, indicating a 49% increase from 2017 to 2023. The 2012 revision was also Rs 800 per sq.ft, showing a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 800 per sq.ft.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. The revisions from those years do not provide any guideline value for Iswaryam Nagar.

Guideline values in Vadakal

In Vadakal village, there are 31 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 800 per sq.ft. The median guideline value in this area is Rs 300 per sq.ft, placing Iswaryam Nagar's 2024 figure above that median.

• Jemi Garden Phase III: Rs 400 per sq.ft (2024)
• Green Park: Rs 300 per sq.ft (2024)
• Green Housing Phase - III: Rs 300 per sq.ft (2024)
• Kaivalyam Nagar: Rs 500 per sq.ft (2024)
• Kalaignar Nagar: Rs 200 per sq.ft (2024)
• Ganesh Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Iswaryam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000. Together, the total fees would be Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Iswaryam Nagar?

The Sub Registrar Office that covers Iswaryam 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 Vadakal

The guideline value is a critical factor during the registration of property transactions in Vadakal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

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

Frequently asked questions

What is the current guideline value of Iswaryam Nagar?

The current guideline value of Iswaryam Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 800 per sq.ft from 2012 to 2024, with a notable increase of 49% from Rs 536 per sq.ft in 2017 to Rs 800 per sq.ft in 2023.

What are the other streets in Vadakal and their guideline values?

Other streets in Vadakal include Jemi Garden Phase III at Rs 400 per sq.ft, Green Park and Green Housing Phase - III at Rs 300 per sq.ft, Kaivalyam Nagar and Ganesh Nagar at Rs 500 per sq.ft, and Kalaignar Nagar at Rs 200 per sq.ft.

What is the stamp duty rate for property in Iswaryam Nagar?

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

Where is the Sub Registrar Office for Iswaryam Nagar located?

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