Guideline Value for A.S.K Nagar 3rd Street

A.S.K Nagar 3rd Street guideline value

The current guideline value of A.S.K Nagar 3rd Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village under the Selaiyur SRO, classified as Commercial Class I Type - I.

How the guideline value of A.S.K Nagar 3rd Street has changed

The guideline value for A.S.K Nagar 3rd Street has undergone several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was set at Rs 2,500 per sq.ft. This figure decreased to Rs 1,675 per sq.ft in the 2017 revision, marking a decline of 33%. However, the most recent revision in 2024 saw a significant increase to Rs 2,750 per sq.ft, representing a 64% rise from the 2017 value.

Overall, comparing the 2012 and 2024 revisions, there has been a slight increase of 10% in the guideline value. It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a guideline value for 2024, ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, placing the A.S.K Nagar 3rd Street's 2024 figure above that median.

• A.S.K Nagar 3rd Cross Street: Rs 2,750 per sq.ft (2024)
• A.S.K Nagar 4th Cross Street: Rs 2,750 per sq.ft (2024)
• A.S.K Nagar 2nd Street: Rs 2,750 per sq.ft (2024)
• A.S.K Nagar 4th Street: Rs 2,750 per sq.ft (2024)
• A.S.K Nagar 2nd Cross Street: Rs 2,750 per sq.ft (2024)
• A.S.K Nagar 5th Cross Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in A.S.K Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers A.S.K Nagar 3rd Street?

The A.S.K Nagar 3rd Street falls under the jurisdiction of the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Madambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of A.S.K Nagar 3rd Street?

The current guideline value of A.S.K Nagar 3rd Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, and then increased to Rs 2,750 per sq.ft in 2024.

What is the land classification of A.S.K Nagar 3rd Street?

A.S.K Nagar 3rd Street is classified as Commercial Class I Type - I.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

What is the stamp duty for a property in A.S.K Nagar 3rd Street?

For a property valued at Rs 27,50,000, the stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500.