Guideline Value for A.S.P. NAGAR EXT

A.S.P. Nagar Ext guideline value

The current guideline value of A.S.P. Nagar Ext in Pungathur village is Rs 1,099 per sq.ft, effective from 1 July 2024. This property falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class I Type - III.

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

The guideline value for A.S.P. Nagar Ext has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in the 2017 revision. The value then increased to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,099 per sq.ft as of the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%. The change from 2023 to 2024 reflects a 10% increase. Overall, comparing the 2012 and 2024 revisions, the guideline value has seen a modest increase of 10%.

Guideline values in Pungathur

Pungathur village has a total of 32 streets under the Tiruvallur Joint 1 SRO, with guideline values ranging from Rs 550 to Rs 2,500 per sq.ft. The median guideline value in this area is Rs 1,485 per sq.ft, placing A.S.P. Nagar Ext's 2024 figure below that median.

• A.S.P Nagar Extn(581/2,581/3,581/3a): 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 Ext

For a 1,000 sq.ft plot at the current guideline value of Rs 1,099 per sq.ft, the total guideline value amounts to Rs 10,99,000. The stamp duty at 7% would be Rs 76,930, while the registration fee at 2% would be Rs 21,980, totaling Rs 98,910. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers A.S.P. Nagar Ext?

The A.S.P. Nagar Ext 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 more details.

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

The guideline value is a crucial factor when registering property transactions in Pungathur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transfer of property ownership.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in property dealings. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

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

The current guideline value of A.S.P. Nagar Ext 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 to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,099 per sq.ft in 2024.

What is the median guideline value in Pungathur?

The median guideline value in Pungathur is Rs 1,485 per sq.ft, with A.S.P. Nagar Ext's 2024 figure being below this median.

What are the stamp duty and registration fees for A.S.P. Nagar Ext?

For a 1,000 sq.ft plot, the total guideline value is Rs 10,99,000, leading to a stamp duty of Rs 76,930 and a registration fee of Rs 21,980, totaling Rs 98,910.

Which office handles the registration for A.S.P. Nagar Ext?

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