Guideline Value for AJAI SQUARE

Ajai Square guideline value

The current guideline value of Ajai Square in Kuthanoor village is Rs 600 per sq.ft, effective from 1 July 2024. This property falls under the Gooduvancheri SRO and is classified as Residential Special Type - I.

How the guideline value of Ajai Square has changed

The guideline value of Ajai Square has seen several revisions over the years. In the 2012 revision, the value was set at Rs 600 per sq.ft, which remained unchanged until the 2023 revision, where it was still Rs 600 per sq.ft. The 2017 revision recorded a lower value of Rs 402 per sq.ft, marking a decrease of 33% from 2012. The most significant change occurred between the 2017 and 2023 revisions, with a 49% increase bringing it back to Rs 600 per sq.ft.

As of the 2024 revision, the guideline value remains Rs 600 per sq.ft, showing no change from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kuthanoor

Kuthanoor village features 30 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 400 to Rs 2,000 per sq.ft. The median value for these streets is Rs 800 per sq.ft, positioning Ajai Square's 2024 figure below this median.

• Amman Avenue: Rs 400 per sq.ft (2024)
• Ashvath Nagar Extn I: Rs 800 per sq.ft (2024)
• Asthalakshmi Nagar: Rs 705 per sq.ft (2024)
• Aswath Nagar: Rs 805 per sq.ft (2024)
• Bharath Avenue: Rs 800 per sq.ft (2024)
• Chitti Vinayagar Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Ajai Square

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, while the registration fee at 2% would be Rs 12,000, resulting in a total of Rs 54,000. 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 Ajai Square?

The Ajai Square property is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kuthanoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When a property is sold, the guideline value is used to ensure that the transaction price is in line with the official valuation. This helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Ajai Square?

The current guideline value of Ajai Square is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft since 2012, with a decrease to Rs 402 per sq.ft in 2017 and an increase back to Rs 600 per sq.ft in 2023. The 2024 revision also maintains this value.

What is the classification of land in Ajai Square?

Ajai Square is classified as Residential Special Type - I under the Gooduvancheri SRO.

What are the stamp duty and registration fees for properties in Ajai Square?

For a 1,000 sq.ft plot valued at Rs 600 per sq.ft, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000.

Which office handles registrations for Ajai Square?

The Gooduvancheri Sub Registrar Office handles registrations for Ajai Square, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.