Guideline Value for A.S.K Nagar

A.S.K Nagar guideline value

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

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

Over the years, the guideline value of A.S.K Nagar has seen several revisions. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced by 33% to Rs 1,675 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,500 per sq.ft, and the latest 2024 revision has raised it further to Rs 2,750 per sq.ft, marking a 10% increase from the previous year.

In summary, from 2012 to 2024, the overall change in the guideline value is an increase of 10%. The revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street.

Guideline values in Madambakkam

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

• A.S.K Nagar 1st Cross Street: Rs 2,750 per sq.ft (2024)
• A.S.K Nagar 1st 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 2nd Street: Rs 2,750 per sq.ft (2024)
• A.S.K Nagar 3rd Cross Street: Rs 2,750 per sq.ft (2024)
• A.S.K Nagar 3rd Street: Rs 2,750 per sq.ft (2024)

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

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 is charged at 7%, resulting in Rs 1,92,500, while the registration fee at 2% totals Rs 55,000. The combined costs for stamp duty and registration fee come to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

When buying or selling property in Madambakkam, the guideline value is a critical factor during the registration process. It serves as a reference point for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in accordance with government regulations.

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 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 2023 to Rs 2,750 per sq.ft in 2024, marking a 10% increase. It was Rs 1,675 per sq.ft in 2017 and Rs 2,500 per sq.ft in 2012.

What is the land classification for A.S.K Nagar?

A.S.K Nagar is classified as Commercial Class I Type - I. This classification can affect the types of developments allowed in the area.

Which office handles registrations for A.S.K Nagar?

The Selaiyur Sub Registrar Office handles registrations for A.S.K Nagar, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

How is stamp duty calculated for properties in A.S.K Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 2,750 per sq.ft, the stamp duty would be Rs 1,92,500.