Guideline Value

Corporate

Guideline Value for Iswaryam Phase II

₹7100/sq.ft.

The guideline value for Iswaryam Phase Ii in 1. Nolambur village (Villivakkam SRO, Chennai zone) is Rs 7100 per sq.ft, effective 1 July 2024. It was Rs 6500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

1. Nolambur

Village

Villivakkam

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹7100 /sq.ft.
From 1-4-2023 ₹6500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4355 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561092
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Iswaryam Phase Ii

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Iswaryam Phase II guideline value

The current guideline value of Iswaryam Phase II is Rs 7,100 per sq.ft, effective from 1 July 2024. This property is located in Nolambur village, under the jurisdiction of the Villivakkam SRO, and is classified as Residential Special Type - I.

How the guideline value of Iswaryam Phase II has changed

The guideline value for Iswaryam Phase II has seen significant changes over the years. The 2017 revision set the value at Rs 4,355 per sq.ft, which increased to Rs 6,500 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the guideline value to Rs 7,100 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%, followed by a further increase of 9% from 2023 to 2024. Overall, the guideline value has risen by 63% from 2017 to 2024.

Guideline values in 1. Nolambur

In 1. Nolambur, there are 73 streets under the Villivakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 7,100 per sq.ft, which matches the current figure for Iswaryam Phase II.

Stamp duty and registration fee for property in Iswaryam Phase II

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total cost to Rs 6,39,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Iswaryam Phase II?

The Sub Registrar Office that covers Iswaryam Phase II is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

How the guideline value is used when you buy or sell in 1. Nolambur

The guideline value plays a crucial role in the registration process of property transactions in 1. Nolambur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is used to calculate the applicable fees, which are essential for the legal transfer of ownership. Buyers must be aware that the stamp duty is charged on the higher of the guideline value or the sale price, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Iswaryam Phase II?

The current guideline value of Iswaryam Phase II is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 4,355 per sq.ft in 2017 to Rs 6,500 per sq.ft in 2023, and then to Rs 7,100 per sq.ft in 2024. This represents a total increase of 63% from 2017 to 2024.

What are the guideline values of other streets in 1. Nolambur?

In 1. Nolambur, other streets have varying guideline values, with rates ranging from Rs 3,300 to Rs 8,800 per sq.ft. The median value is Rs 7,100 per sq.ft, which is the same as Iswaryam Phase II.

What fees are associated with buying property in Iswaryam Phase II?

When buying property in Iswaryam Phase II, buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value. These fees are calculated based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Iswaryam Phase II?

The Sub Registrar Office for Iswaryam Phase II is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037. This office is part of the Villivakkam registration zone.