Guideline Value for A.S.P NAGAR EXTN(581/2,581/3,581/3A)

A.S.P Nagar Extn(581/2,581/3,581/3a) guideline value

The current guideline value of A.S.P Nagar Extn(581/2,581/3,581/3a) is Rs 1,099 per sq.ft, effective from 1 July 2024. This property is located in Pungathur village, under the Tiruvallur Joint 1 SRO, and is classified as Residential Class I Type - III.

How the guideline value of A.S.P Nagar Extn(581/2,581/3,581/3a) has changed

The guideline value for A.S.P Nagar Extn has seen several revisions over the years. In 2012, the value was set at Rs 1,000 per sq.ft. This figure remained unchanged until the 2017 revision, which reduced the value to Rs 670 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 1,000 per sq.ft in 2023, followed by a further increase to Rs 1,099 per sq.ft in 2024, which is a 10% rise from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street.

Guideline values in Pungathur

In Pungathur, there are 32 streets under the Tiruvallur Joint 1 SRO that have a 2024 guideline value ranging from Rs 550 to Rs 2,500 per sq.ft, with the median value being Rs 1,485 per sq.ft. A.S.P Nagar Extn's current guideline value of Rs 1,099 per sq.ft is below this median.

• A.S.P. Nagar Ext: Rs 1,099 per sq.ft (2024)
• A.R.K Nagar: Rs 1,650 per sq.ft (2024)
• Bajanai koil st: Rs 550 per sq.ft (2024)
• Anna Nagar: Rs 1,650 per sq.ft (2024)
• Jayanagar mainRoad: Rs 1,650 per sq.ft (2024)
• Kamakshiamman st: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in A.S.P Nagar Extn(581/2,581/3,581/3a)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,099 per sq.ft, the total guideline value would be Rs 10,99,000. The stamp duty at 7% would amount to Rs 76,930, and the registration fee at 2% would be Rs 21,980, bringing the total fees together to Rs 98,910. Please 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 details.

Which Sub Registrar Office covers A.S.P Nagar Extn(581/2,581/3,581/3a)?

The A.S.P Nagar Extn(581/2,581/3,581/3a) property falls under 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 further assistance.

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

The guideline value is a critical factor in the registration process when buying or selling property in Pungathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value for A.S.P Nagar Extn?

The current guideline value for A.S.P Nagar Extn(581/2,581/3,581/3a) is Rs 1,099 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023 and finally to Rs 1,099 per sq.ft in 2024.

What are the registration fees for property in A.S.P Nagar Extn?

For a property valued at Rs 10,99,000, the stamp duty would be Rs 76,930, and the registration fee would be Rs 21,980, totaling Rs 98,910.

Which Sub Registrar Office should I visit for A.S.P Nagar Extn?

The Tiruvallur Joint 1 Sub Registrar Office covers A.S.P Nagar Extn, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is based on various factors, including the location and classification of the property. It is revised periodically to reflect changes in the real estate market.