Guideline Value for A.S.Rajan Nagar Extn

A.S.Rajan Nagar Extn guideline value

The current guideline value of A.S.Rajan Nagar Extn is Rs 1,650 per sq.ft. This area is located in Peerklankaranai village, under the Tambaram Joint 1 SRO, and is classified as Residential Class I Type - II.

How the guideline value of A.S.Rajan Nagar Extn has changed

The guideline value for A.S.Rajan Nagar Extn has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was later revised to Rs 1,005 per sq.ft in 2017. The 2023 revision increased the value to Rs 1,500 per sq.ft, and the most recent revision in 2024 has set it at Rs 1,650 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, followed by a significant increase of 49% from 2017 to 2023. The 2023 to 2024 revision saw an increase of 10%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 4,400 per sq.ft. The median value is Rs 1,650 per sq.ft, which matches the guideline value of A.S.Rajan Nagar Extn.

• A.V. Gardens: Rs 2,220 per sq.ft (2024)
• Ashokar Street: Rs 1,650 per sq.ft (2024)
• Avvai St: Rs 2,200 per sq.ft (2024)
• Avvai St cross st: Rs 1,100 per sq.ft (2024)
• Avvai Street Extension: Rs 1,100 per sq.ft (2024)
• Baaventhar street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in A.S.Rajan Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers A.S.Rajan Nagar Extn?

The A.S.Rajan Nagar Extn is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Peerklankaranai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is used to ensure that the transaction is officially recorded and that the appropriate taxes are collected. Buyers should be aware of the guideline value to ensure compliance with legal requirements during the transaction.

Frequently asked questions

What is the current guideline value of A.S.Rajan Nagar Extn?

The current guideline value of A.S.Rajan Nagar Extn is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, with various revisions in between showing fluctuations in value.

What is the stamp duty rate for properties in A.S.Rajan Nagar Extn?

The stamp duty rate for properties in A.S.Rajan Nagar Extn is 7%, calculated on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for A.S.Rajan Nagar Extn?

The Sub Registrar Office for A.S.Rajan Nagar Extn is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Tambaram Joint 1 SRO.

What is the land classification of A.S.Rajan Nagar Extn?

A.S.Rajan Nagar Extn is classified as Residential Class I Type - II, which indicates the type of development permissible in this area.