Guideline Value for AASIR NAGAR

Aasir Nagar guideline value

The current guideline value of Aasir Nagar is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-A village under the Avadi Sub Registrar Office (SRO) and is classified as Residential Class II Type - III.

How the guideline value of Aasir Nagar has changed

The guideline value for Aasir Nagar has seen significant changes over the years. The 2017 revision recorded a guideline value of Rs 469 per sq.ft. This figure increased to Rs 700 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has set the guideline value at Rs 750 per sq.ft, reflecting a 7% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 60%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are a total of 382 streets under the Avadi SRO, with guideline values ranging from Rs 440 to Rs 2,750 per sq.ft. The median guideline value for these streets is Rs 750 per sq.ft, which is equal to the current guideline value of Aasir Nagar.

• Aandal Nagar: Rs 840 per sq.ft (2024)
• Aadhi Parasakthi Nagar & St: Rs 750 per sq.ft (2024)
• Abirami Avenue: Rs 750 per sq.ft (2024)
• Abirami Nagar: Rs 750 per sq.ft (2024)
• Abirami Nagar & Streets: Rs 750 per sq.ft (2024)
• A.G.R.Temple Avenue: Rs 950 per sq.ft (2024)

Stamp duty and registration fee for property in Aasir Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value would be Rs 7,50,000. The stamp duty at 7% would amount to Rs 52,500, while the registration fee at 2% would be Rs 15,000. Together, the total cost for stamp duty and registration would be Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aasir Nagar?

Aasir Nagar falls under the Avadi Sub Registrar Office. The office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value is essential during the registration of property transactions in Thiruninravur-A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two values is used to calculate the applicable fees. This ensures that the state receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Aasir Nagar?

The current guideline value of Aasir Nagar is Rs 750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 750 per sq.ft in 2024, which is a 60% increase overall. The value increased by 49% from 2017 to 2023 and by 7% from 2023 to 2024.

What is the classification of land in Aasir Nagar?

Aasir Nagar is classified as Residential Class II Type - III under the Avadi SRO.

Where can I find the registration office for Aasir Nagar?

The registration office covering Aasir Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated in Aasir Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 7,50,000, the stamp duty at 7% would be Rs 52,500, along with a registration fee of Rs 15,000.