Guideline Value for i5 GLOBAL CITY

i5 GLOBAL CITY guideline value

The current guideline value of i5 GLOBAL CITY, located in Kizhavalem village under the Madurandakam SRO, is Rs 250 per sq.ft. This value is effective from 1 July 2024. The land classification for this area is Residential Special Type - IV.

How the guideline value of i5 GLOBAL CITY has changed

The guideline value for i5 GLOBAL CITY has remained consistent in recent revisions. In the 2023 revision, the guideline value was Rs 250 per sq.ft, which has not changed in the 2024 revision, also set at Rs 250 per sq.ft, reflecting a change of +0% between these two years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

As a result, the only recorded guideline values for i5 GLOBAL CITY are from the 2023 and 2024 revisions, both at Rs 250 per sq.ft. This stability indicates that the guideline value has not fluctuated in the recent past.

Guideline values in Kizhavalem

In Kizhavalem, there are 19 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 400 per sq.ft, with a median of Rs 103 per sq.ft. The guideline value for i5 GLOBAL CITY is above this median, indicating its relative position within the village.

• Guberan Nagar: Rs 103 per sq.ft (2024)
• Chandra Township Phase-II: Rs 350 per sq.ft (2024)
• Marc Avenue Phase-I: Rs 120 per sq.ft (2024)
• Anantham Nagar: Rs 100 per sq.ft (2024)
• Ryan Garden Village: Rs 100 per sq.ft (2024)
• Safa Nagar Part - II: Rs 120 per sq.ft (2024)

Stamp duty and registration fee for property in i5 GLOBAL CITY

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty is charged at 7%, totaling Rs 17,500, and the registration fee is charged at 2%, amounting to Rs 5,000. Together, these fees total Rs 22,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more precise calculations based on your specific property details.

Which Sub Registrar Office covers i5 GLOBAL CITY?

The Sub Registrar Office that covers i5 GLOBAL CITY is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor during property registration in Kizhavalem. It determines the minimum value at which a property can be registered, ensuring transparency in property transactions.

When buying or selling property, the guideline value influences the stamp duty and registration fees payable. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of i5 GLOBAL CITY?

The current guideline value of i5 GLOBAL CITY is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for i5 GLOBAL CITY has remained at Rs 250 per sq.ft for both the 2023 and 2024 revisions, showing no change between these years.

What is the land classification for i5 GLOBAL CITY?

The land classification for i5 GLOBAL CITY is Residential Special Type - IV, which defines the type of development permitted in this area.

Where can I find the Madurandakam Sub Registrar Office?

The Madurandakam Sub Registrar Office is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is stamp duty calculated for properties in i5 GLOBAL CITY?

Stamp duty for properties in i5 GLOBAL CITY is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 250 per sq.ft incurs a total stamp duty of Rs 17,500.