Guideline Value for A.S.R RASI GARDEN

A.S.R Rasi Garden guideline value

The current guideline value of A.S.R Rasi Garden is Rs 2,210 per sq.ft, effective from 1 July 2024. This property is located in Poonthamallee village under the Poonamallee SRO, classified as Residential Class II Type - II.

How the guideline value of A.S.R Rasi Garden has changed

The guideline value for A.S.R Rasi Garden has seen several revisions over the years. The oldest recorded revision is from 2017, where the guideline value was Rs 1,340 per sq.ft. This figure increased to Rs 2,010 per sq.ft in 2023, marking a 50% rise. The most recent revision in 2024 set the value at Rs 2,210 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 65%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Poonthamallee

Poonthamallee village has 257 streets under the Poonamallee SRO with a 2024 guideline value range from Rs 1,980 to Rs 4,950 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing A.S.R Rasi Garden's 2024 figure above this median.

• Astalakshmi nagar: Rs 2,200 per sq.ft (2024)
• Ashtalakshmi nagar: Rs 2,200 per sq.ft (2024)
• Avadi road: Rs 2,740 per sq.ft (2024)
• Arunthathipalayam: Rs 2,200 per sq.ft (2024)
• Arivolli Nagar: Rs 2,200 per sq.ft (2024)
• Bajnai koil street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in A.S.R Rasi Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 2,210 per sq.ft, the total guideline value amounts to Rs 22,10,000. The stamp duty at 7% would be Rs 1,54,700, and the registration fee at 2% would be Rs 44,200, leading to a total of Rs 1,98,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers A.S.R Rasi Garden?

The A.S.R Rasi Garden area falls under the Poonamallee Sub Registrar Office. The address is 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 Poonthamallee

The guideline value is an essential factor when registering property transactions in Poonthamallee. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

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

Frequently asked questions

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

The current guideline value of A.S.R Rasi Garden is Rs 2,210 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,210 per sq.ft in 2024, reflecting a total increase of 65% over this period.

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

The total stamp duty for a 1,000 sq.ft plot at the current guideline value is Rs 1,54,700, while the registration fee is Rs 44,200, totaling Rs 1,98,900.

Which Sub Registrar Office should I approach for A.S.R Rasi Garden?

The Poonamallee Sub Registrar Office covers A.S.R Rasi Garden, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

What is the median guideline value for streets in Poonthamallee?

The median guideline value for streets in Poonthamallee is Rs 2,200 per sq.ft as of 2024, with A.S.R Rasi Garden's value being above this median.