Guideline Value for AISWARYA GARDEN EXTENSION 3RD CROSS STREET

Aiswarya Garden Extension 3rd Cross Street guideline value

The current guideline value of Aiswarya Garden Extension 3rd Cross Street is Rs 4,300 per sq.ft, effective from 1 July 2024. This street is located in Vengaivasal village, under the Selaiyur SRO, and is classified as Residential Special Type - III.

How the guideline value of Aiswarya Garden Extension 3rd Cross Street has changed

The guideline value for Aiswarya Garden Extension 3rd Cross Street has seen significant changes over the years. The 2017 revision set the value at Rs 2,700 per sq.ft. This figure was then increased to Rs 4,030 per sq.ft in the 2023 revision, marking a 49% increase from the 2017 figure. The most recent revision in 2024 has further raised the guideline value to Rs 4,300 per sq.ft, reflecting a 7% increase from 2023. Overall, from 2017 to 2024, the guideline value has increased by 59%.

It is important to note that there are no recorded figures for Aiswarya Garden Extension 3rd Cross Street in the revisions from 2002, 2003, 2007, and 2012.

Guideline values in Vengaivasal

In Vengaivasal, there are 117 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft, with a median value of Rs 2,700 per sq.ft. Aiswarya Garden Extension 3rd Cross Street's 2024 figure of Rs 4,300 per sq.ft is above this median.

• Akila Avenue: Rs 2,700 per sq.ft (2024)
• Akshayam Avenue: Rs 3,300 per sq.ft (2024)
• Aadhinath Avenue: Rs 2,350 per sq.ft (2024)
• Anantha Nagar: Rs 2,700 per sq.ft (2024)
• Anjaneyar Koil Street: Rs 2,700 per sq.ft (2024)
• Annai Ahalyaa: Rs 4,000 per sq.ft (2024)

Stamp duty and registration fee for property in Aiswarya Garden Extension 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,300 per sq.ft, the total guideline value would be Rs 43,00,000. The stamp duty at 7% would amount to Rs 3,01,000, and the registration fee at 2% would be Rs 86,000. Together, the total cost for stamp duty and registration would be Rs 3,87,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aiswarya Garden Extension 3rd Cross Street?

The Aiswarya Garden Extension 3rd Cross Street is covered by the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opposite to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Vengaivasal

The guideline value is a critical factor in property transactions in Vengaivasal, as it determines the minimum value at which properties can be registered. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of the transaction. Ensuring that the property is registered at the correct guideline value helps in maintaining transparency and legality in property dealings.

Frequently asked questions

What is the current guideline value of Aiswarya Garden Extension 3rd Cross Street?

The current guideline value of Aiswarya Garden Extension 3rd Cross Street is Rs 4,300 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 2,700 per sq.ft in 2017 to Rs 4,300 per sq.ft in 2024, marking an overall increase of 59%.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 43,00,000, the stamp duty would be Rs 3,01,000 and the registration fee would be Rs 86,000, totaling Rs 3,87,000.

Which office handles property registrations for Aiswarya Garden Extension 3rd Cross Street?

The Selaiyur Sub Registrar Office handles property registrations for Aiswarya Garden Extension 3rd Cross Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai.

What is the significance of the guideline value when buying or selling property?

The guideline value is used to calculate the stamp duty and registration fees, ensuring that properties are registered at a fair and legal value. It is essential for both buyers and sellers to be aware of this value during transactions.