Guideline Value for A.J Nagar

A.J Nagar guideline value

The current guideline value of A.J Nagar, located in Molachoor village under the Sunguvarchattram SRO, is Rs 600 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - III.

How the guideline value of A.J Nagar has changed

The guideline value for A.J Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 600 per sq.ft. The next revision in 2024 kept the value steady at Rs 600 per sq.ft, marking a 0% change from 2023 to 2024. The 2017 revision saw a significant increase to Rs 402 per sq.ft, which was a 49% rise from the previous figure.

Notably, there are no recorded figures for the years 2002, 2003, and 2007 for this street. The 2012 revision's value of Rs 600 per sq.ft was a decrease of 33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has remained the same at Rs 600 per sq.ft.

Guideline values in Molachoor

In Molachoor, there are 112 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 300 to Rs 2,000 per sq.ft. The median value is Rs 600 per sq.ft, which aligns with the 2024 figure for A.J Nagar.

• A.J Garden: Rs 600 per sq.ft (2024)
• Alphonse Avenue: Rs 605 per sq.ft (2024)
• Amavasai Pattai: Rs 450 per sq.ft (2024)
• Aachariyar Street: Rs 600 per sq.ft (2024)
• Anandam Kabaleeswarar Co-Operative Nagar: Rs 600 per sq.ft (2024)
• Angalamman Kovil Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in A.J Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. It's 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 details.

Which Sub Registrar Office covers A.J Nagar?

A.J Nagar falls under the jurisdiction of the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on the guideline value or the sale price, whichever is higher.

When a property is bought or sold in Molachoor, the guideline value ensures that the transaction is recorded accurately and transparently. It helps maintain a standard valuation for properties in the area, which is essential for legal and financial purposes.

Frequently asked questions

What is the current guideline value of A.J Nagar?

The current guideline value of A.J Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft since 2012, with a notable increase from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023, and again in 2024.

What are the stamp duty and registration fees for properties in A.J Nagar?

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000.

Which office handles property registrations in A.J Nagar?

The Sunguvarchattram Sub Registrar Office handles property registrations for A.J Nagar, located on Vadivamal Nagar Kandigai Road.

What is the significance of the guideline value in property transactions?

The guideline value serves as the minimum benchmark for property registration, influencing the calculation of stamp duties and registration fees during transactions.