Guideline Value for AISWARYAM NAGAR

Aiswaryam Nagar guideline value

The current guideline value of Aiswaryam Nagar, located in Madambakkam village under the Selaiyur SRO, is Rs 4,000 per sq.ft, effective from 1 July 2024. This area falls under the land classification of Mixed Special Type - I.

How the guideline value of Aiswaryam Nagar has changed

The guideline value for Aiswaryam Nagar has seen significant changes over the years. The 2017 revision set the value at Rs 2,500 per sq.ft. With the latest 2024 revision, the value increased to Rs 4,000 per sq.ft, marking a change of +60% from the 2017 figure. It is important to note that the register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

From the 2017 revision to the 2024 revision, the increase reflects the changing dynamics of property values in the area. The 2024 value of Rs 4,000 per sq.ft is now established, providing a clearer understanding of the current market scenario for potential buyers and sellers.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median value for these streets is Rs 2,400 per sq.ft, placing Aiswaryam Nagar's 2024 figure above that median.

• Aishwariyam Nagar Phase-II: Rs 4,000 per sq.ft (2024)
• Ahbi's Ramani Garden: Rs 3,200 per sq.ft (2024)
• Agaram Road: Rs 3,800 per sq.ft (2024)
• Agaram Main Road: Rs 3,800 per sq.ft (2024)
• Alamelupuram: Rs 2,750 per sq.ft (2024)
• Alamelupuram 1st Cross Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Aiswaryam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 4,000 per sq.ft, the total guideline value would be Rs 40,00,000. The stamp duty at 7% would amount to Rs 2,80,000, while the registration fee at 2% would be Rs 80,000, leading to a total of Rs 3,60,000. It is important to 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 precise calculations.

Which Sub Registrar Office covers Aiswaryam Nagar?

The Sub Registrar Office that covers Aiswaryam Nagar is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp 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 Madambakkam

The guideline value plays a crucial role in the registration process when buying or selling property in Madambakkam. It serves as a reference point for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the authorities will assess the guideline value to ensure that the transaction is recorded accurately. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Aiswaryam Nagar?

The current guideline value of Aiswaryam Nagar is Rs 4,000 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value changed from Rs 2,500 per sq.ft in 2017 to Rs 4,000 per sq.ft in 2024, marking an increase of +60%.

What is the median guideline value in Madambakkam?

The median guideline value for streets in Madambakkam is Rs 2,400 per sq.ft, with Aiswaryam Nagar's value being above this median.

What are the stamp duty and registration fees for Aiswaryam Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 40,00,000. The stamp duty would be Rs 2,80,000 and the registration fee would be Rs 80,000, totaling Rs 3,60,000.

Where can I find the Sub Registrar Office for Aiswaryam Nagar?

The Selaiyur Sub Registrar Office covers Aiswaryam Nagar, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.