Guideline Value for Izsabella Street

Izsabella Street guideline value

The current guideline value of Izsabella Street is Rs 850 per sq.ft, effective from 1 July 2024. This street is located in Chembakkam village under the Selaiyur SRO and is classified as Residential Class IV Type - II.

How the guideline value of Izsabella Street has changed

Izsabella Street has undergone several revisions in its guideline value over the years. The earliest recorded figure in the register is from 2012, where the value was Rs 700 per sq.ft. This was followed by a decrease to Rs 469 per sq.ft in 2017. In 2023, the value increased to Rs 800 per sq.ft, and the most recent revision in 2024 set the value at Rs 850 per sq.ft, marking a 6% increase from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 71%. However, the 2012 to 2017 period saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 21%. It is important to note that there are no figures available for Izsabella Street in the revisions from 2002, 2003, and 2007.

Guideline values in Chembakkam

In Chembakkam village, there are 472 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 6,700 per sq.ft, with a median value of Rs 2,200 per sq.ft. Izsabella Street's current guideline value is below this median.

• Iyyappa Nagar Main Road: Rs 2,200 per sq.ft (2024)
• Iyyappa Nagar 9th street: Rs 2,200 per sq.ft (2024)
• Iyyappa Nagar 9th Cross Street: Rs 2,200 per sq.ft (2024)
• Iyyappa Nagar 8th street: Rs 2,200 per sq.ft (2024)
• Iyyappa Nagar 8th Cross Street: Rs 2,200 per sq.ft (2024)
• Iyyappa Nagar 7th street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Izsabella Street

For a 1,000 sq.ft plot at the current guideline value of Rs 850 per sq.ft, the total guideline value amounts to Rs 8,50,000. The stamp duty, calculated at 7%, would be Rs 59,500, and the registration fee at 2% would be Rs 17,000, bringing the total to Rs 76,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Izsabella Street?

Izsabella Street falls under the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an important factor during property registration in Chembakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, the guideline value helps determine the financial obligations associated with the transaction. Buyers should be aware that the stamp duty and registration fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Izsabella Street?

The current guideline value of Izsabella Street is Rs 850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and finally to Rs 850 per sq.ft in 2024.

What is the land classification of Izsabella Street?

Izsabella Street is classified as Residential Class IV Type - II according to the registration records.

How does Izsabella Street's guideline value compare to other streets in Chembakkam?

Izsabella Street's guideline value of Rs 850 per sq.ft is below the median value of Rs 2,200 per sq.ft for other streets in Chembakkam.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.