Guideline Value for AISWARYA NAGAR

Aiswarya Nagar guideline value

The current guideline value of Aiswarya Nagar, located in Kovilancheri village under the Tambaram Joint 1 SRO, is Rs 1,660 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - V land classification.

How the guideline value of Aiswarya Nagar has changed

The guideline value for Aiswarya Nagar has seen significant changes over the years. The 2017 revision recorded a guideline value of Rs 1,005 per sq.ft. This increased to Rs 1,508 per sq.ft in the 2023 revision, marking a 50% rise. The most recent 2024 revision has set the value at Rs 1,660 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 65%.

Guideline values in Kovilancheri

Kovilancheri village has 13 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,130 per sq.ft. The median value for these streets is Rs 1,660 per sq.ft, which is equal to the guideline value of Aiswarya Nagar.

• Akshayam Diamond Avenue: Rs 4,130 per sq.ft (2024)
• Bhavani Ngar: Rs 1,100 per sq.ft (2024)
• Durapathyamman Nagar: Rs 1,100 per sq.ft (2024)
• El Castillo: Rs 4,110 per sq.ft (2024)
• Elite Crystal Gate: Rs 2,750 per sq.ft (2024)
• Rakeshsharma Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Aiswarya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,660 per sq.ft, the total guideline value amounts to Rs 16,60,000. The stamp duty at 7% would be Rs 1,16,200, and the registration fee at 2% would be Rs 33,200, bringing the total cost for these fees to Rs 1,49,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Aiswarya Nagar?

The Aiswarya Nagar area is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Kovilancheri

The guideline value is a crucial factor when registering property in Kovilancheri. It determines the minimum value at which a property can be sold or bought, ensuring that the transaction is legally recognized and that appropriate taxes are paid.

When you buy or sell property, the guideline value helps in calculating the stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, ensuring that the state receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Aiswarya Nagar?

The current guideline value of Aiswarya Nagar is Rs 1,660 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,005 per sq.ft in 2017 to Rs 1,660 per sq.ft in 2024, representing an overall increase of 65%.

What is the stamp duty for property in Aiswarya Nagar?

The stamp duty for property in Aiswarya Nagar is 7% of the guideline value or sale price, whichever is higher.

What Sub Registrar Office covers Aiswarya Nagar?

Aiswarya Nagar is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

Are there other streets in Kovilancheri with different guideline values?

Yes, there are other streets in Kovilancheri with varying guideline values, ranging from Rs 1,100 to Rs 4,130 per sq.ft as per the 2024 revision.