Guideline Value for A.S.R CITY

A.S.R City guideline value

The current guideline value of A.S.R City, located in Thirumazhisai village under the Poonamallee SRO, is Rs 1,320 per sq.ft. This value is effective from 1 July 2024 and falls under the land classification of Commercial Special Type - I.

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

The guideline value for A.S.R City has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,320 per sq.ft, an increase from Rs 1,200 per sq.ft in the 2023 revision. Looking back further, the 2017 revision recorded a value of Rs 804 per sq.ft, which was a significant increase of 49% from the previous value. The 2012 revision also set the value at Rs 1,200 per sq.ft, marking a decrease of 33% from the 2017 value.

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

Guideline values in Thirumazhisai

In Thirumazhisai, 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 value for these streets is Rs 1,320 per sq.ft, which is the same as the current guideline value for A.S.R City.

• A.S.R In Papa 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 City

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, while the registration fee at 2% would be Rs 26,400, bringing the total cost for these fees to Rs 1,18,800. It is essential to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers A.S.R City is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Thirumazhisai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of A.S.R City?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024, marking a 10% increase. It was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012, showing various fluctuations over the years.

What are the other streets with guideline values in Thirumazhisai?

Other streets in Thirumazhisai have various guideline values, with the median being Rs 1,320 per sq.ft. Streets such as A.S.R In Papa City, Athukkal street, and Arivolinagar have values ranging from Rs 1,100 to Rs 1,320 per sq.ft.

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

For a property with a guideline value of Rs 1,320 per sq.ft, the stamp duty is 7% and the registration fee is 2%. For a 1,000 sq.ft plot, these fees total Rs 1,18,800.

Which office handles property registrations for A.S.R City?

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