Guideline Value for AISHWARYAM NAGAR PHASE-1

Aishwaryam Nagar Phase-1 guideline value

The current guideline value of Aishwaryam Nagar Phase-1 is Rs 389 per sq.ft, effective from 1 July 2024. This area falls under Paanampakkam village and is classified as Residential Class II Type - II. The relevant Sub Registrar Office for this locality is the Perambakkam SRO.

How the guideline value of Aishwaryam Nagar Phase-1 has changed

The guideline value for Aishwaryam Nagar Phase-1 has seen a significant change since the 2017 revision, where it was Rs 260 per sq.ft. The value remained stable at Rs 389 per sq.ft during the 2023 revision and continues at the same rate for the 2024 revision, indicating no increase from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a 50% increase in the guideline value, moving from Rs 260 to Rs 389 per sq.ft. Overall, from 2017 to 2024, the guideline value has increased by 50%, maintaining the rate of Rs 389 per sq.ft since 2023.

Guideline values in Paanampakkam

Aishwaryam Nagar Phase-1 shares the same guideline value of Rs 389 per sq.ft as other streets in Paanampakkam. Below are the guideline values for other streets in Paanampakkam:

• Sri Selva Ganapathy Nagar: Rs 389 per sq.ft (2024)

Stamp duty and registration fee for property in Aishwaryam Nagar Phase-1

For a 1,000 sq.ft plot at the current guideline value of Rs 389 per sq.ft, the total guideline value amounts to Rs 3,89,000. The stamp duty at 7% would be Rs 27,230, and the registration fee at 2% would be Rs 7,780, bringing the total fees to Rs 35,010. Please note that the 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 more details.

Which Sub Registrar Office covers Aishwaryam Nagar Phase-1?

The Sub Registrar Office that covers Aishwaryam Nagar Phase-1 is the Perambakkam Sub Registrar Office, located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Paanampakkam. It serves as the basis for calculating stamp duty and registration fees, which are mandatory during the sale or purchase of property.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and tax purposes. Buyers and sellers should be aware of these values to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Aishwaryam Nagar Phase-1?

The current guideline value of Aishwaryam Nagar Phase-1 is Rs 389 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 389 per sq.ft from 2023 to 2024, with a 50% increase from Rs 260 per sq.ft in 2017 to Rs 389 per sq.ft in 2023.

What is the registration office for Aishwaryam Nagar Phase-1?

The registration office for Aishwaryam Nagar Phase-1 is the Perambakkam Sub Registrar Office, located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone.

How is stamp duty calculated for properties in Aishwaryam Nagar Phase-1?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would amount to Rs 27,230.

Are there other streets with the same guideline value in Paanampakkam?

Yes, other streets in Paanampakkam, such as Sri Selva Ganapathy Nagar, also have the same guideline value of Rs 389 per sq.ft as of 2024.