Guideline Value for AASIRIYAR STREET

Aasiriyar Street guideline value

The current guideline value of Aasiriyar Street in Vengathur village, under the Manavalanagar SRO, is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is classified as Commercial Class I Type - III.

How the guideline value of Aasiriyar Street has changed

The guideline value for Aasiriyar Street has undergone several revisions over the years. In 2007, the value was Rs 150 per sq.ft, which saw a significant increase to Rs 1,300 per sq.ft in 2012, marking a rise of 767%. However, this value dropped to Rs 871 per sq.ft in 2017, a decrease of 33%. The most recent revisions in 2023 and 2024 have maintained the value at Rs 1,300 per sq.ft, indicating no change between these two years.

Notably, there are no figures available for the years 2002 and 2003 in the register for Aasiriyar Street. Overall, from 2007 to 2024, the guideline value has increased by 767%.

Guideline values in Vengathur

In Vengathur, there are 186 streets under the Manavalanagar SRO that have a 2024 guideline value ranging from Rs 500 to Rs 2,000 per sq.ft, with a median value of Rs 1,000 per sq.ft. Aasiriyar Street's 2024 figure of Rs 1,300 per sq.ft is above this median.

• Aasai Thambi Street: Rs 700 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 Aasiriyar Street

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Aasiriyar Street?

The Sub Registrar Office that covers Aasiriyar Street is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Vengathur. It serves as the baseline for calculating stamp duty and registration fees, ensuring that all transactions are recorded at a standardized value.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property should be registered. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Aasiriyar Street?

The current guideline value of Aasiriyar Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 150 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2012, and it has remained at Rs 1,300 per sq.ft in 2023 and 2024.

What are the other streets in Vengathur with their guideline values?

Other streets in Vengathur include Aasai Thambi Street at Rs 700 per sq.ft, Adhigathur Road at Rs 500 per sq.ft, and several others at Rs 1,300 per sq.ft.

What are the stamp duty and registration fees for properties in Aasiriyar Street?

For a 1,000 sq.ft plot, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000 based on the guideline value.

Which office handles the registration for Aasiriyar Street?

The registration for Aasiriyar Street is handled by the Manavalanagar Sub Registrar Office located in Nungambakkam Village, Chennai.