Guideline Value for AISHWARYAM GARDEN

Aishwaryam Garden guideline value

The current guideline value of Aishwaryam Garden is Rs 1,650 per sq.ft, effective from 1 July 2024. This property is located in Thandalam village, under the Pammal SRO, and is classified as Residential Special Type - I.

How the guideline value of Aishwaryam Garden has changed

In the 2017 revision, the guideline value was set at Rs 1,000 per sq.ft, which remained unchanged in the 2023 revision. However, the 2024 revision marked a significant increase to Rs 1,650 per sq.ft, reflecting a 65% rise from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 65%. The 2024 figure of Rs 1,650 per sq.ft is notably higher than the 2023 value of Rs 1,000 per sq.ft, indicating a substantial change in the guideline value within a year.

Guideline values in Thandalam

Thandalam village has a total of 56 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value in this area is Rs 1,210 per sq.ft, placing Aishwaryam Garden's 2024 value above this median.

• Akash Nagar: Rs 1,210 per sq.ft (2024)
• Akash Nagar Aennex: Rs 1,210 per sq.ft (2024)
• Akash Nagar I: Rs 1,210 per sq.ft (2024)
• Akash Nagar II: Rs 1,210 per sq.ft (2024)
• Akash Nagar Thodarchi: Rs 1,210 per sq.ft (2024)
• Alayam Phase - III: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Aishwaryam Garden

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Aishwaryam Garden?

The Aishwaryam Garden property falls under the Pammal Sub Registrar Office located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Thandalam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, ensuring that these costs are based on a standardized assessment of property values.

It is essential for buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall costs involved in a property transaction. Accurate knowledge of the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Aishwaryam Garden?

The current guideline value of Aishwaryam Garden is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,000 per sq.ft in 2017 to Rs 1,650 per sq.ft in 2024, reflecting a 65% rise. There was no change in the value from 2017 to 2023, where it remained at Rs 1,000 per sq.ft.

What is the land classification of Aishwaryam Garden?

Aishwaryam Garden is classified as Residential Special Type - I, which indicates its designated use for residential purposes.

What are the stamp duty and registration fees for Aishwaryam Garden?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,48,500, calculated based on the guideline value of Rs 16,50,000.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.