Guideline Value for AASATH NAGAR SHOPING AVENUE

Aasath Nagar Shoping Avenue guideline value

The current guideline value of Aasath Nagar Shoping Avenue is Rs 120 per sq.ft, effective from the 2024 revision. This street is located in Aandarmadam village under the Ponneri Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - I.

How the guideline value of Aasath Nagar Shoping Avenue has changed

The guideline value for Aasath Nagar Shoping Avenue has remained consistent over the years. The register shows no figures for the revisions in 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 120 per sq.ft, which remained unchanged in the 2024 revision, indicating a 0% change between these two years.

As of the 2024 revision, the guideline value is Rs 120 per sq.ft, which is the same as the previous year's figure. This consistency reflects stability in the valuation for this street within the Aandarmadam village.

Guideline values in Aandarmadam

In Aandarmadam, four streets under the Ponneri SRO carry a guideline value of Rs 120 per sq.ft for the year 2024, with the median also being Rs 120 per sq.ft. Aasath Nagar Shoping Avenue's 2024 figure aligns with this median.

• Aasath Nagar Phase-II: 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 Shoping Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 120 per sq.ft, the total guideline value would be Rs 1,20,000. The stamp duty at 7% would amount to Rs 8,400, and the registration fee at 2% would be Rs 2,400, bringing the total to Rs 10,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Aasath Nagar Shoping Avenue?

The Aasath Nagar Shoping Avenue falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Aandarmadam. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When a property transaction occurs, the guideline value helps determine the minimum value on which the stamp duty is calculated. This ensures that all transactions are subject to fair taxation based on established values, contributing to transparency in real estate dealings.

Frequently asked questions

What is the current guideline value of Aasath Nagar Shoping Avenue?

The current guideline value of Aasath Nagar Shoping Avenue is Rs 120 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 120 per sq.ft in both the 2023 and 2024 revisions. There are no figures available for the revisions from 2002 to 2017.

What is the land classification for Aasath Nagar Shoping Avenue?

The land classification for Aasath Nagar Shoping Avenue is Residential Class I Type - I.

Where can I find the registration office for Aasath Nagar Shoping Avenue?

The registration office for Aasath Nagar Shoping Avenue is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is stamp duty calculated for property transactions in Aandarmadam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 1,20,000, the stamp duty at 7% would be Rs 8,400.