Guideline Value for AASAI NAGAR PHASE-IV

Aasai Nagar Phase-IV guideline value

The current guideline value of Aasai Nagar Phase-IV is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Vilvarayanalloor village, under the Madurandakam SRO. The land classification for this street is Mixed Type - I.

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

In the 2012 revision, the guideline value was set at Rs 300 per sq.ft. This figure remained unchanged in the 2017 revision, where it was Rs 201 per sq.ft, reflecting a decrease of 33%. The 2023 revision saw a return to Rs 300 per sq.ft, which remained the same in the 2024 revision, indicating no change from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

From the 2012 revision to the 2024 revision, the overall change is 0%. However, the change from 2017 to 2023 shows an increase of 49%, illustrating fluctuations in the guideline value over the years.

Guideline values in Vilvarayanalloor

In Vilvarayanalloor, there are 23 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 101 to Rs 300 per sq.ft, with a median value of Rs 200 per sq.ft. Aasai Nagar Phase-IV's current guideline value is above this median.

• Aasai Nagar Phase- III: Rs 300 per sq.ft (2024)
• Annai Nagar: Rs 200 per sq.ft (2024)
• Annai Nagar II: Rs 200 per sq.ft (2024)
• Annai Nagar III: Rs 200 per sq.ft (2024)
• B.S.Nagar: Rs 101 per sq.ft (2024)
• Dr.Chandrasekar Nagar: Rs 200 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. 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 more detailed calculations.

Which Sub Registrar Office covers Aasai Nagar Phase-IV?

The Sub Registrar Office that covers Aasai Nagar Phase-IV 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 Vilvarayanalloor

The guideline value is a crucial factor during property registration in Vilvarayanalloor. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and standardization in property transactions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has seen changes from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then back to Rs 300 per sq.ft in 2023 and 2024. Overall, there has been no change from 2012 to 2024.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 21,000, and the registration fee would be Rs 6,000, totaling Rs 27,000.

Which Sub Registrar Office covers Aasai Nagar Phase-IV?

The Madurandakam Sub Registrar Office covers Aasai Nagar Phase-IV, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How does the guideline value affect property transactions?

The guideline value is used to determine the minimum value for property registration, impacting the stamp duty and registration fees. It ensures that both parties in a transaction are aware of their financial obligations.