Guideline Value for A.S.R IN PAPA CITY

A.S.R In Papa City guideline value

The current guideline value for A.S.R In Papa City, located in Thirumazhisai village under the Poonamallee SRO, is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is classified as Commercial Special Type - I.

How the guideline value of A.S.R In Papa City has changed

The guideline value of A.S.R In Papa City has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,320 per sq.ft, which is a 10% increase from the 2023 revision of Rs 1,200 per sq.ft. Prior to that, the 2017 revision recorded a guideline value of Rs 804 per sq.ft, marking a significant increase of 49% from the 2017 figure to the 2023 figure. The 2012 revision also had a guideline value of Rs 1,200 per sq.ft, which represented a decrease of 33% from the 2017 revision.

Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Thirumazhisai

In Thirumazhisai village, there are 86 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 730 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,320 per sq.ft, which is equal to the current guideline value of A.S.R In Papa City.

• A.S.R City: Rs 1,320 per sq.ft (2024)
• Athukkal street: Rs 1,100 per sq.ft (2024)
• Arivolinagar: Rs 1,100 per sq.ft (2024)
• Balajinagar 100/1,100/2A: Rs 1,100 per sq.ft (2024)
• Balaji nagar (140,143,144/1,98,100): Rs 1,100 per sq.ft (2024)
• Anbu nagar 106,109,110,111,126,137: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in A.S.R In Papa City

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees to Rs 1,18,800. 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers A.S.R In Papa City?

The A.S.R In Papa City area falls under the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. For further assistance, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thirumazhisai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers should be aware that the guideline value can influence the overall cost of the transaction.

During the registration process, the guideline value ensures that the property is valued appropriately for taxation purposes. It is essential for both parties to understand this value to avoid any discrepancies during the registration of the property.

Frequently asked questions

What is the current guideline value for A.S.R In Papa City?

The current guideline value for A.S.R In Papa City is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has seen various revisions. The value increased from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023, and then to Rs 1,320 per sq.ft in 2024.

What is the land classification for A.S.R In Papa City?

A.S.R In Papa City is classified as Commercial Special Type - I, indicating its suitability for commercial activities.

What are the stamp duty and registration fees for property in A.S.R In Papa City?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For example, on a property valued at Rs 13,20,000, the total fees would amount to Rs 1,18,800.

Which office handles registrations for A.S.R In Papa City?

The Poonamallee Sub Registrar Office handles registrations for A.S.R In Papa City, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.