Guideline Value for AASAI THAMBI STREET

Aasai Thambi Street guideline value

The current guideline value of Aasai Thambi Street is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Vengathur village under the Manavalanagar SRO, classified as Residential Class II Type - I.

How the guideline value of Aasai Thambi Street has changed

The guideline value for Aasai Thambi Street has seen several revisions over the years. In 2007, the value was Rs 250 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2012. However, it then dropped to Rs 469 per sq.ft in 2017. The value remained at Rs 700 per sq.ft in both 2023 and the 2024 revision, showing no change from the previous year.

To summarize the changes, from 2007 to 2012, there was an increase of 180%, followed by a decrease of 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and remained stable from 2023 to 2024 with no change.

Guideline values in Vengathur

In Vengathur, there are 186 streets under the Manavalanagar SRO with a 2024 guideline value ranging from Rs 500 to Rs 2,000 per sq.ft. The median value is Rs 1,000 per sq.ft, making Aasai Thambi Street's 2024 figure below this median.

• Aasiriyar Street: Rs 1,300 per sq.ft (2024)
• Adhigathur Road: Rs 500 per sq.ft (2024)
• Adhiyamaan Street: Rs 1,300 per sq.ft (2024)
• Alamelu Ammal Cross Street: Rs 1,300 per sq.ft (2024)
• Alamelu Ammal Street: Rs 1,300 per sq.ft (2024)
• Amman Street: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Aasai Thambi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For accurate calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aasai Thambi Street?

Aasai Thambi Street is covered by the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai. You can find your SRO for more details.

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

The guideline value is a critical factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value, as it influences the overall cost of property transactions in Vengathur. Accurate knowledge of these values can help in making informed decisions during real estate dealings.

Frequently asked questions

What is the current guideline value of Aasai Thambi Street?

The current guideline value of Aasai Thambi Street is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, from Rs 250 per sq.ft in 2007 to Rs 700 per sq.ft in 2012, then dropping to Rs 469 per sq.ft in 2017, and remaining at Rs 700 per sq.ft in both 2023 and 2024.

What is the median guideline value in Vengathur?

The median guideline value in Vengathur is Rs 1,000 per sq.ft, which is higher than the current value of Aasai Thambi Street.

What are the stamp duty and registration fees for Aasai Thambi Street?

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000, and the registration fee would be Rs 14,000, totaling Rs 63,000.

Which office handles the registration for Aasai Thambi Street?

The registration for Aasai Thambi Street is handled by the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai.