Guideline Value for Iyshwarya City IV

Iyshwarya City IV guideline value

The current guideline value of Iyshwarya City IV is Rs 100 per sq.ft, effective from 1 July 2024. This property is located in Kendiracherry village, under the Madurandakam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Iyshwarya City IV has changed

The guideline value for Iyshwarya City IV has undergone several revisions over the years. In 2007, the value was Rs 25 per sq.ft, which increased significantly to Rs 100 per sq.ft in 2012. However, it saw a decrease to Rs 67 per sq.ft in 2017, before stabilizing at Rs 100 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years. The register has no figure for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%, while from 2012 to 2017, it decreased by 33%. The increase from 2007 to 2012 was substantial at 300%. Overall, from 2007 to 2024, the guideline value has increased by 300%.

Guideline values in Kendiracherry

Kendiracherry village has 17 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 300 per sq.ft, with a median value of Rs 100 per sq.ft. Iyshwarya City IV's 2024 guideline value matches this median.

• Iyshwarya City III: Rs 100 per sq.ft (2024)
• Iyshwarya City II: Rs 100 per sq.ft (2024)
• Iyshwarya city: Rs 100 per sq.ft (2024)
• Green Park: Rs 100 per sq.ft (2024)
• Dhanam Nagar: Rs 100 per sq.ft (2024)
• Lake View: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Iyshwarya City IV

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. Please note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Iyshwarya City IV?

The Iyshwarya City IV property is covered by the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Kendiracherry. It is used to determine the stamp duty and registration fees that must be paid during the registration process. The value ensures that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is considered alongside the sale price. If the sale price is higher than the guideline value, the stamp duty and registration fees will be based on the sale price to ensure compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Iyshwarya City IV?

The current guideline value of Iyshwarya City IV is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 25 per sq.ft in 2007 to Rs 100 per sq.ft in 2012, then decreased to Rs 67 per sq.ft in 2017, and stabilized at Rs 100 per sq.ft in both 2023 and 2024.

What is the median guideline value for streets in Kendiracherry?

The median guideline value for streets in Kendiracherry is Rs 100 per sq.ft, which is the same as the guideline value for Iyshwarya City IV.

What are the stamp duty rates for properties in Iyshwarya City IV?

The stamp duty rate for properties in Iyshwarya City IV is 7% of the guideline value or sale price, whichever is higher.

Which office handles property registrations for Iyshwarya City IV?

The Madurandakam Sub Registrar Office handles property registrations for Iyshwarya City IV, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.