Guideline Value for A.S.Nagar

A.S.Nagar guideline value

The current guideline value of A.S.Nagar, located in Karasangal village under the Sriperumpudur SRO, is Rs 800 per sq.ft, effective from 1 July 2024. This area is classified as Commercial Class I Type - II.

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

The guideline value for A.S.Nagar has undergone several revisions over the years. In 2007, the value was Rs 210 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012. However, it saw a decrease to Rs 536 per sq.ft in 2017, before returning to Rs 800 per sq.ft in both the 2023 and 2024 revisions. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%, while the change from 2012 to 2017 was a decrease of 33%. The overall change from 2007 to 2024 reflects an increase of 281%, with the current value remaining stable at Rs 800 per sq.ft since 2023.

Guideline values in Karasangal

In Karasangal village, there are 59 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 3,550 per sq.ft. The median value for these streets is Rs 402 per sq.ft, placing A.S.Nagar's 2024 figure above this median.

• A.R.K.Nagar: Rs 800 per sq.ft (2024)
• Annai Therasa street: Rs 250 per sq.ft (2024)
• Amman Nagar: Rs 600 per sq.ft (2024)
• Bhasyam Ayyankar Street: Rs 250 per sq.ft (2024)
• Brindhavan Garden: Rs 1,875 per sq.ft (2024)
• ALA Garden: Rs 1,500 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 rate of Rs 800 per sq.ft, the guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, while the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. It is important to note that 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 details.

Which Sub Registrar Office covers A.S.Nagar?

The Sub Registrar Office that covers A.S.Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor in the registration process of property transactions in Karasangal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

Frequently asked questions

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

The current guideline value of A.S.Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, with the most recent revisions being Rs 800 per sq.ft in both 2023 and 2024. The value was Rs 536 per sq.ft in 2017 and Rs 210 per sq.ft in 2007.

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

A.S.Nagar is classified as Commercial Class I Type - II, indicating its suitability for commercial activities.

Where is the Sriperumpudur Sub Registrar Office located?

The Sriperumpudur Sub Registrar Office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated in A.S.Nagar?

Stamp duty in A.S.Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 800 per sq.ft would incur a total stamp duty of Rs 56,000.