Guideline Value for A.S. Rajan Nagar

A.S. Rajan Nagar guideline value

The current guideline value of A.S. Rajan Nagar in Kadaperi village is Rs 1,100 per sq.ft, effective from 1 July 2024. This area falls under the Tambaram Joint 1 SRO and is classified as Residential Class II Type - I.

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

The guideline value for A.S. Rajan Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 300 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a rise of 233%. However, from 2012 to 2017, the value decreased to Rs 670 per sq.ft, a decline of 33%. The value then rose to Rs 1,000 per sq.ft in 2023, and as of the 2024 revision, it stands at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available in the register for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 267%.

Guideline values in Kadaperi

In Kadaperi, there are 142 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 7,700 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing A.S. Rajan Nagar's 2024 figure below that median.

• Arputha Nagar Street: Rs 880 per sq.ft (2024)
• Arpudham Nagar: Rs 1,650 per sq.ft (2024)
• Bajanai Koil Street: Rs 1,100 per sq.ft (2024)
• Anna Street: Rs 1,100 per sq.ft (2024)
• Bhagavath Singh Street: Rs 1,650 per sq.ft (2024)
• Amman Koil Street: Rs 1,100 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total cost for these fees Rs 99,000. It is 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 detailed calculations.

Which Sub Registrar Office covers A.S. Rajan Nagar?

The Sub Registrar Office that covers A.S. Rajan Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Kadaperi

The guideline value is a crucial factor in the registration process when buying or selling property in Kadaperi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of A.S. Rajan Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, showing an overall increase of 267% from 2007 to 2024.

What is the stamp duty rate for properties in A.S. Rajan Nagar?

The stamp duty rate for properties in A.S. Rajan Nagar is 7% of the guideline value or sale price, whichever is higher.

What is the registration fee for property transactions?

The registration fee for property transactions in A.S. Rajan Nagar is 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located for A.S. Rajan Nagar?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.