Guideline Value for AASIIRYAR NAGAR EXTENSION -I

Aasiiryar Nagar Extension -I guideline value

The current guideline value of Aasiiryar Nagar Extension -I is Rs 1,500 per sq.ft, effective from 1 July 2024. This area is located in Walajabad village, under the Walajabad SRO, and is classified as Residential Special Type - III.

How the guideline value of Aasiiryar Nagar Extension -I has changed

The guideline value for Aasiiryar Nagar Extension -I has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 1,500 per sq.ft. The 2017 revision saw a significant increase to Rs 1,005 per sq.ft, marking a 49% rise from the previous figure. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2024, the overall guideline value has remained stable at Rs 1,500 per sq.ft. The changes between the revisions indicate a decrease of 33% from 2012 to 2017, followed by no change from 2017 to 2023, and again no change from 2023 to 2024.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft, with a median value of Rs 750 per sq.ft. Aasiiryar Nagar Extension -I's 2024 figure of Rs 1,500 per sq.ft is above this median.

• Abirami Nagar: Rs 750 per sq.ft (2024)
• A.K. Govindarajan St: Rs 750 per sq.ft (2024)
• Allikuttai St: Rs 750 per sq.ft (2024)
• Ambhethkar St: Rs 750 per sq.ft (2024)
• Amirtham Rail Nagar: Rs 700 per sq.ft (2024)
• Anna Nagar: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Aasiiryar Nagar Extension -I

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. Duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aasiiryar Nagar Extension -I?

The Sub Registrar Office that covers Aasiiryar Nagar Extension -I is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions, as it determines the minimum value at which properties can be registered. When buying or selling property in Walajabad, the guideline value is used to calculate stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the authorities.

It is important for buyers and sellers to be aware of the guideline value, as it can influence the overall cost of the transaction. The guideline value serves as a reference point for both parties, helping to facilitate a smoother registration process.

Frequently asked questions

What is the current guideline value of Aasiiryar Nagar Extension -I?

The current guideline value of Aasiiryar Nagar Extension -I is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the 2012 and 2023 revisions both set at Rs 1,500 per sq.ft. The 2017 revision was Rs 1,005 per sq.ft, reflecting a 49% increase from the previous revision.

What is the land classification for Aasiiryar Nagar Extension -I?

Aasiiryar Nagar Extension -I is classified as Residential Special Type - III, indicating its intended use for residential development.

Where can I find the registration office for Aasiiryar Nagar Extension -I?

The registration office for Aasiiryar Nagar Extension -I is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is stamp duty calculated for properties in Aasiiryar Nagar Extension -I?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000, leading to a total stamp duty and registration fee of Rs 1,35,000.