Guideline Value for AASATH NAGAR PHASE-II

Aasath Nagar Phase-II guideline value

The current guideline value of Aasath Nagar Phase-II is Rs 120 per sq.ft, effective from 1 July 2024. This property is located in Aandarmadam village under the Ponneri Sub Registrar Office (SRO) and falls under Residential Class I Type - I land classification.

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

The guideline value for Aasath Nagar Phase-II has seen several revisions over the years. The most recent revisions show that the value remained at Rs 120 per sq.ft in both the 2023 and 2024 revisions. Prior to this, in the 2017 revision, the guideline value was Rs 80 per sq.ft, marking a 50% increase from 2017 to 2023 and an overall increase of 50% from 2017 to 2024.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The 2017 revision was the first recorded value for Aasath Nagar Phase-II, and since then, the guideline value has remained stable at Rs 120 per sq.ft.

Guideline values in Aandarmadam

In Aandarmadam, there are four streets under the Ponneri SRO that carry a guideline value of Rs 120 per sq.ft for 2024, with the median also being Rs 120 per sq.ft. Aasath Nagar Phase-II's 2024 figure is equal to this median.

• Aasath Nagar Shoping Avenue: Rs 120 per sq.ft (2024)
• Asad Nagar Phase-II: Rs 120 per sq.ft (2024)
• Minjur New Town: Rs 120 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 120 per sq.ft, the total guideline value amounts to Rs 1,20,000. The stamp duty at 7% would be Rs 8,400, while the registration fee at 2% would be Rs 2,400, totaling Rs 10,800. 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 precise calculations based on your specific property transaction.

Which Sub Registrar Office covers Aasath Nagar Phase-II?

Aasath Nagar Phase-II is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Aandarmadam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value helps ensure that the transaction is recorded at a fair price, reflecting the official rates set by the Registration Department. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Aasath Nagar Phase-II is Rs 120 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has remained at Rs 120 per sq.ft from 2023 to 2024. It increased from Rs 80 per sq.ft in 2017 to Rs 120 per sq.ft in 2023, marking a 50% increase over that period.

What are the stamp duty and registration fees for properties in Aasath Nagar Phase-II?

For a property valued at Rs 1,20,000, the stamp duty would be Rs 8,400 and the registration fee would be Rs 2,400, totaling Rs 10,800.

Which office handles registrations for Aasath Nagar Phase-II?

The Ponneri Sub Registrar Office handles registrations for Aasath Nagar Phase-II, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

Are there other streets with the same guideline value in Aandarmadam?

Yes, there are other streets in Aandarmadam under the Ponneri SRO that also have a guideline value of Rs 120 per sq.ft for 2024, including Aasath Nagar Shoping Avenue, Asad Nagar Phase-II, and Minjur New Town.