Guideline Value for A.S. Nagar

A.S. Nagar guideline value

The current guideline value for A.S. Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in the village of Mangadu -A under the Kunrathur SRO and is classified as Residential Class II Type - I.

How the guideline value of A.S. Nagar has changed

The guideline value for A.S. Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 938 per sq.ft, which increased to Rs 1,400 per sq.ft in 2023. The most recent revision in 2024 has raised the value further to Rs 1,540 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%, and the overall increase from 2017 to 2024 is 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median guideline value in this area is Rs 1,870 per sq.ft, making A.S. Nagar's current value below that median.

• A.S.R.city: Rs 1,540 per sq.ft (2024)
• Ashok Nagar: Rs 1,540 per sq.ft (2024)
• Ayyan Nagar: Rs 1,540 per sq.ft (2024)
• Azeesh Nagar: Rs 1,850 per sq.ft (2024)
• Arul Migu Kamatchi Amman Nagar: Rs 1,870 per sq.ft (2024)
• A.R. Nagar: Rs 1,540 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty at 7% would amount to Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. It is essential to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers A.S. Nagar?

A.S. Nagar falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value plays a crucial role in property transactions in Mangadu -A, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration requirements.

During the registration process, the guideline value is used to calculate stamp duty and registration fees, which are essential costs associated with property transactions. It is advisable to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of A.S. Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 938 per sq.ft in 2017 to Rs 1,540 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the stamp duty and registration fees for property in A.S. Nagar?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,07,800, and the registration fee would be Rs 30,800, totaling Rs 1,38,600.

Which Sub Registrar Office is responsible for A.S. Nagar?

The Kunrathur Sub Registrar Office is responsible for A.S. Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification of A.S. Nagar?

A.S. Nagar is classified as Residential Class II Type - I, indicating its designation for residential purposes.