Guideline Value for A.S.K NAGAR

A.S.K Nagar guideline value

The current guideline value of A.S.K Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area falls under Chithambakkam village and is governed by the Tiruvallur Joint 1 SRO. The land classification for A.S.K Nagar is Residential Class III Type - III.

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

Over the years, the guideline value for A.S.K Nagar has seen several revisions. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 100 per sq.ft. The 2017 revision marked a significant increase to Rs 67 per sq.ft, showing a decrease of 33% from the previous revision. The overall change from 2012 to 2024 has resulted in a 0% increase, as the value has remained constant at Rs 100 per sq.ft since 2012.

From 2017 to 2023, the guideline value increased by 49%, but there have been no figures available for the years 2002, 2003, and 2007 for this street. The most recent revision in 2024 maintains the guideline value at Rs 100 per sq.ft, indicating stability in this area.

Guideline values in Chithambakkam

Currently, there are no specific guideline values provided for other streets in Chithambakkam. A.S.K Nagar is the only street mentioned under the Tiruvallur Joint 1 SRO.

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

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

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

The Sub Registrar Office that covers A.S.K Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Chithambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers must be aware that the stamp duty and registration fees are calculated based on this guideline value or the sale price, whichever is higher.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in the real estate market. It is essential for buyers and sellers to understand these values to avoid any discrepancies during the registration process.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft since the 2012 revision, with a notable increase of 49% from 2017 to 2023. The overall change from 2012 to 2024 is 0%.

What is the registration office for A.S.K Nagar?

The registration office for A.S.K Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How are stamp duty and registration fees calculated?

Stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would be Rs 9,000.

Are there other streets in Chithambakkam with guideline values?

Currently, there are no specific guideline values provided for other streets in Chithambakkam. A.S.K Nagar is the only street mentioned under the Tiruvallur Joint 1 SRO.