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 locality is part of Vadakal_B village, under the Sriperumpudur SRO, and is classified as Mixed Type - II land.

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 remains the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 536 per sq.ft, marking a significant increase of 49% from 2017 to 2023 and an overall increase of 49% from 2017 to 2024. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vadakal_B

In Vadakal_B, there are 34 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,900 per sq.ft, with a median value of Rs 300 per sq.ft. Iswaryam Nagar's 2024 figure of Rs 800 per sq.ft is above this 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 amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. 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 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 further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vadakal_B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, preventing undervaluation. This is essential for maintaining transparency and accountability in 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 increased from Rs 536 per sq.ft in 2017 to Rs 800 per sq.ft in 2024, reflecting a 49% increase. The value remained unchanged from 2023 to 2024.

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

Other streets in Vadakal_B 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, all as per the 2024 revision.

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

The stamp duty rate for properties in Iswaryam Nagar is 7% of the guideline value or sale price, whichever is higher. This means that for a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000.

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

The Sub Registrar Office for Iswaryam Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. This office handles all registration processes for properties in the area.