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_C 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 undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 800 per sq.ft, which remains unchanged from the 2023 revision. The previous revision in 2017 recorded a guideline value of Rs 536 per sq.ft. Therefore, from 2017 to 2023, there was an increase of 49%, and overall, from 2017 to 2024, there has been a 49% increase as well. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vadakal_C

In Vadakal_C, there are 61 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,500 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, placing Iswaryam Nagar's 2024 figure above this median.

• Jemi Garden Extension: Rs 550 per sq.ft (2024)
• Jemi Garden Phase III: Rs 400 per sq.ft (2024)
• Jemi Gardens: Rs 550 per sq.ft (2024)
• Jeyandran Nagar: Rs 400 per sq.ft (2024)
• Green Park: Rs 300 per sq.ft (2024)
• Green Housing Phase - III: Rs 300 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, bringing the total cost for these fees to 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 more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vadakal_C. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are based on the official valuation set by the government.

When a property is sold, the buyer and seller must adhere to the guideline value for the registration of the sale deed. This means that the final sale price may be compared to the guideline value, and the higher amount will be used to calculate the applicable duties and fees.

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 2023 to 2024. From 2017 to 2023, it increased by 49% from Rs 536 per sq.ft.

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

Other streets in Vadakal_C include Jemi Garden Extension at Rs 550 per sq.ft, Jemi Garden Phase III at Rs 400 per sq.ft, and Green Park at Rs 300 per sq.ft, among others.

What fees are associated with buying property in Iswaryam Nagar?

The fees associated with buying property include stamp duty at 7% and a registration fee at 2% of the guideline value, which is Rs 800 per sq.ft for Iswaryam Nagar.

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.