Guideline Value for AS NAGAR

As Nagar guideline value

The current guideline value for As Nagar in Periyamullavoyal village, under the Thiruvottiyur SRO, is Rs 248 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of As Nagar has changed

Over the years, the guideline value for As Nagar has seen several revisions. The 2012 revision set the value at Rs 225 per sq.ft, which then decreased to Rs 151 per sq.ft in 2017. Following this, the value increased significantly to Rs 226 per sq.ft in 2023, marking a 50% increase from the previous figure. The most recent revision in 2024 has raised it further to Rs 248 per sq.ft, reflecting a 10% increase from the 2023 figure.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Periyamullavoyal

In Periyamullavoyal, there are seven streets that carry a 2024 guideline value, ranging from Rs 248 to Rs 350 per sq.ft. As Nagar's current guideline value of Rs 248 per sq.ft is equal to the median value of this range.

• Annai Nagar: Rs 248 per sq.ft (2024)
• Balamurugan Nagar: Rs 248 per sq.ft (2024)
• Agp Nagar: Rs 248 per sq.ft (2024)
• Outer Ring Road: Rs 248 per sq.ft (2024)
• Sri Sankara Arupadai City: Rs 248 per sq.ft (2024)
• Vivekananda Nagar: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in As Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 248 per sq.ft, the total guideline value would be Rs 2,48,000. The stamp duty at 7% would amount to Rs 17,360, and the registration fee at 2% would be Rs 4,960, bringing the total cost for these fees to Rs 22,320. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers As Nagar?

The Sub Registrar Office covering As Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Periyamullavoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. This value is used to calculate the applicable stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value for As Nagar?

The current guideline value for As Nagar is Rs 248 per sq.ft, effective from 1 July 2024.

How has the guideline value for As Nagar changed over the years?

The guideline value has changed from Rs 225 per sq.ft in 2012 to Rs 151 per sq.ft in 2017, then increased to Rs 226 per sq.ft in 2023, and finally to Rs 248 per sq.ft in 2024.

What are the other streets in Periyamullavoyal with their guideline values?

Other streets in Periyamullavoyal include Annai Nagar, Balamurugan Nagar, Agp Nagar, Outer Ring Road, Sri Sankara Arupadai City, and Vivekananda Nagar, with values ranging from Rs 248 to Rs 350 per sq.ft.

What fees are associated with purchasing property in As Nagar?

When purchasing property in As Nagar, buyers need to pay stamp duty at 7% of the guideline value and a registration fee at 2%. For example, a 1,000 sq.ft plot would incur a total fee of Rs 22,320 based on the current guideline value.

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

The Sub Registrar Office for As Nagar is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. This office handles the registration of property transactions in the area.