Guideline Value for AISHWARYA NAGAR

Aishwarya Nagar guideline value

The current guideline value of Aishwarya Nagar, located in Veeranakunnam village under the Madurandakam SRO, is Rs 100 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Aishwarya Nagar has changed

The guideline value for Aishwarya Nagar has undergone several revisions over the years. The earliest revision available is from 2012, which set the guideline value at Rs 75 per sq.ft. This value increased to Rs 50 per sq.ft in the 2017 revision, before rising to Rs 100 per sq.ft in the 2023 revision. The 2024 revision maintains the same figure of Rs 100 per sq.ft, indicating no change from the previous year.

In summary, from 2012 to 2017, the value decreased by 33%, followed by a significant increase of 100% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has increased by 33%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Veeranakunnam

In Veeranakunnam village, there are 9 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 103 per sq.ft, with a median value of Rs 103 per sq.ft. The guideline value of Aishwarya Nagar is below this median.

• Anaiya Nagar: Rs 103 per sq.ft (2024)
• Real Value Developer In Royal Nagar: Rs 100 per sq.ft (2024)
• Royal Nagar: Rs 100 per sq.ft (2024)
• Sai Sakthi Garden: Rs 103 per sq.ft (2024)
• Srinivasa Nagar: Rs 103 per sq.ft (2024)
• Srinivasa Nagar Phase-I: Rs 103 per sq.ft (2024)

Stamp duty and registration fee for property in Aishwarya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, making the total fees together Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Aishwarya Nagar?

Aishwarya Nagar is covered by the Madurandakam Sub Registrar Office located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Veeranakunnam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of Aishwarya Nagar?

The current guideline value of Aishwarya Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 75 per sq.ft in 2012 to Rs 50 per sq.ft in 2017, then increased to Rs 100 per sq.ft in 2023 and remains the same in 2024.

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

Other streets in Veeranakunnam include Anaiya Nagar at Rs 103 per sq.ft, Real Value Developer In Royal Nagar and Royal Nagar at Rs 100 per sq.ft, and Sai Sakthi Garden, Srinivasa Nagar, and Srinivasa Nagar Phase-I at Rs 103 per sq.ft.

What is the stamp duty for property in Aishwarya Nagar?

The stamp duty for property in Aishwarya Nagar is 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot, this would amount to Rs 7,000.

Which office handles property registration for Aishwarya Nagar?

The Madurandakam Sub Registrar Office handles property registration for Aishwarya Nagar, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.