Guideline Value for A.S.R.city

A.S.R.city guideline value

The current guideline value of A.S.R.city, located in Mangadu -A village, is Rs 1,540 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class II Type - I land classification and is registered with the Kunrathur SRO.

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

The guideline value of A.S.R.city has seen significant changes over the years. In the 2017 revision, the value was recorded at Rs 938 per sq.ft. This increased to Rs 1,400 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has set the value at Rs 1,540 per sq.ft, reflecting a 10% increase from the previous year. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. This upward trend indicates a steady adjustment in property values in this area over the past few years.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,870 per sq.ft, placing A.S.R.city's value below that median.

• A.S. Nagar: Rs 1,540 per sq.ft (2024)
• Ashok Nagar: Rs 1,540 per sq.ft (2024)
• Ayyan Nagar: Rs 1,540 per sq.ft (2024)
• Azeesh Nagar: Rs 1,850 per sq.ft (2024)
• Arul Migu Kamatchi Amman Nagar: Rs 1,870 per sq.ft (2024)
• A.R. Nagar: Rs 1,540 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 1,540 per sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty at 7% would amount to Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total fees together to Rs 1,38,600. It is important to 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 precise calculations based on your property transaction.

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

The A.S.R.city area is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value plays a crucial role in property transactions in Mangadu -A. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value is set by the government and is updated periodically to reflect changes in the real estate market.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration fees are aligned with the current property value as recognized by the authorities.

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 1,540 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 938 per sq.ft to Rs 1,540 per sq.ft in 2024, representing a total increase of 64% over the seven years.

What are the stamp duty and registration fees for A.S.R.city?

For a property valued at Rs 15,40,000, the stamp duty would be Rs 1,07,800 and the registration fee would be Rs 30,800, totaling Rs 1,38,600.

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

The Kunrathur Sub Registrar Office covers A.S.R.city, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the guideline value determined for property transactions?

The guideline value is determined by the government and is updated periodically. It is used to calculate the stamp duty and registration fees based on the higher of the guideline value or the sale price during property transactions.