Guideline Value for AISHWARYA NAGAR EXTENSION

Aishwarya Nagar Extension guideline value

The current guideline value of Aishwarya Nagar Extension is Rs 4,777 per sq.ft, effective from 1 July 2024. This property is located in 44.Ayanambakkam village, under the Konnur SRO, and is classified as Residential Class III Type - III.

How the guideline value of Aishwarya Nagar Extension has changed

Over the years, the guideline value for Aishwarya Nagar Extension has seen several revisions. The 2017 revision set the guideline value at Rs 3,200 per sq.ft, which remained unchanged until the 2023 revision, where it was again recorded at Rs 4,777 per sq.ft. The 2024 revision also reflects the same value of Rs 4,777 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has increased by 49% as well, showcasing a consistent valuation since the last recorded change.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 9,702 per sq.ft, with a median value of Rs 1,300 per sq.ft. Aishwarya Nagar Extension's 2024 guideline value of Rs 4,777 per sq.ft is above this median.

• Aiswariya Nagar: Rs 3,100 per sq.ft (2024)
• Aiswariya Nagar Extn.,: Rs 3,100 per sq.ft (2024)
• A.K.S. Sherinity: Rs 3,100 per sq.ft (2024)
• Aghragaram Street: Rs 1,100 per sq.ft (2024)
• Aghragaram salai: Rs 1,100 per sq.ft (2024)
• Aghragaram Cross Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Aishwarya Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 4,777 per sq.ft, the total guideline value amounts to Rs 47,77,000. The stamp duty at 7% would be Rs 3,34,390, and the registration fee at 2% would be Rs 95,540, bringing the total fees to Rs 4,29,930. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aishwarya Nagar Extension?

The Aishwarya Nagar Extension falls under the Konnur Sub Registrar Office. The address is Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

You can find your SRO for more information.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is a crucial factor during the registration of property transactions in 44.Ayanambakkam. It serves as the minimum value for which the property must be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps determine the applicable fees and taxes. It is essential for buyers and sellers to be aware of these values to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Aishwarya Nagar Extension?

The current guideline value of Aishwarya Nagar Extension is Rs 4,777 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 49%, from Rs 3,200 per sq.ft to Rs 4,777 per sq.ft as of 2024.

What is the land classification for Aishwarya Nagar Extension?

Aishwarya Nagar Extension is classified as Residential Class III Type - III.

Which office handles the registration for Aishwarya Nagar Extension?

The Konnur Sub Registrar Office handles the registration for Aishwarya Nagar Extension, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is the stamp duty calculated for properties in Aishwarya Nagar Extension?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 4,777 per sq.ft incurs a total stamp duty of Rs 3,34,390.