Guideline Value for AASAI NAGAR PHASE - II

Aasai Nagar Phase - II guideline value

The current guideline value of Aasai Nagar Phase - II is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Pakkam village, under the Madurandakam SRO, and is classified as Mixed Type - I land.

How the guideline value of Aasai Nagar Phase - II has changed

In the 2012 revision, the guideline value was set at Rs 300 per sq.ft. This value remained unchanged in the subsequent revisions of 2017 and 2023, where it was also Rs 300 per sq.ft. The 2017 revision saw a significant increase of 49% from the previous figure of Rs 201 per sq.ft in 2017. However, from 2012 to 2024, the overall change is 0% as the value returned to Rs 300 per sq.ft in 2024.

The revisions for the years 2002, 2003, and 2007 do not have any figures listed for Aasai Nagar Phase - II in the register. Therefore, the guideline value for this street has remained consistent at Rs 300 per sq.ft from 2012 through 2024.

Guideline values in Pakkam

In Pakkam village, there are 13 streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 350 per sq.ft. The median value is Rs 300 per sq.ft, which is equal to the 2024 figure for Aasai Nagar Phase - II.

• Aasai Nagar Phase-III: Rs 300 per sq.ft (2024)
• Akshaya Nagar: Rs 300 per sq.ft (2024)
• Asai Nagar: Rs 300 per sq.ft (2024)
• Assai Nagar Phase-6a: Rs 300 per sq.ft (2024)
• Esic Employes Union Golden Juble Nagar: Rs 300 per sq.ft (2024)
• J J Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Aasai Nagar Phase - II

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty is charged at 7%, which totals Rs 21,000, and the registration fee is 2%, amounting to Rs 6,000. Together, the total cost for these fees is Rs 27,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aasai Nagar Phase - II?

The Sub Registrar Office that covers Aasai Nagar Phase - II is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Pakkam. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is documented accurately according to the prevailing rates.

When buying or selling property, the guideline value helps determine the official valuation of the property. This value is important for both buyers and sellers, as it influences the overall costs associated with the transaction, including taxes and fees that must be paid at the time of registration.

Frequently asked questions

What is the current guideline value of Aasai Nagar Phase - II?

The current guideline value of Aasai Nagar Phase - II is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a significant increase of 49% from Rs 201 per sq.ft in 2017. The values for the years 2002, 2003, and 2007 are not available in the register.

Where can I find the registration office for Aasai Nagar Phase - II?

The registration office for Aasai Nagar Phase - II is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

What are the stamp duty and registration fees for property in Aasai Nagar Phase - II?

For a 1,000 sq.ft plot valued at Rs 3,00,000, the stamp duty is Rs 21,000 and the registration fee is Rs 6,000, totaling Rs 27,000. These fees are based on the guideline value or the sale price, whichever is higher.

What is the land classification for Aasai Nagar Phase - II?

Aasai Nagar Phase - II is classified as Mixed Type - I land, which is relevant for determining its guideline value and other regulatory aspects.