Guideline Value for ASAJ NAGAR - Carmel madha Avenue

ASAJ NAGAR - Carmel madha Avenue guideline value

The current guideline value for ASAJ NAGAR - Carmel madha Avenue is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Kudapakkam village, under the Madurandakam Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of ASAJ NAGAR - Carmel madha Avenue has changed

The guideline value has undergone several revisions over the years. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 100 per sq.ft, marking a 33% reduction. However, from 2017 to 2023, the value increased by 50% back to Rs 150 per sq.ft. The 2024 revision has maintained this rate, showing no change from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained stable at Rs 150 per sq.ft. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Kudapakkam

Currently, there are no specific village figures available for Kudapakkam. ASAJ NAGAR - Carmel madha Avenue is the only street mentioned under the Madurandakam SRO.

Stamp duty and registration fee for property in ASAJ NAGAR - Carmel madha Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers ASAJ NAGAR - Carmel madha Avenue?

The Sub Registrar Office that covers ASAJ NAGAR - Carmel madha Avenue is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Kudapakkam. It serves as the basis for calculating stamp duty and registration fees, which are mandatory costs incurred during the buying or selling process.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for ASAJ NAGAR - Carmel madha Avenue?

The current guideline value for ASAJ NAGAR - Carmel madha Avenue is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft from 2012 to 2024, with a decrease to Rs 100 per sq.ft in 2017 and an increase back to Rs 150 per sq.ft in 2023. There are no figures available for the years 2002, 2003, and 2007.

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

For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500 and the registration fee would be Rs 3,000, totaling Rs 13,500. Duty is charged on the higher of the guideline value or the sale price.

Which office handles registrations for ASAJ NAGAR - Carmel madha Avenue?

The Madurandakam Sub Registrar Office handles registrations for ASAJ NAGAR - Carmel madha Avenue, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

What land classification is ASAJ NAGAR - Carmel madha Avenue?

ASAJ NAGAR - Carmel madha Avenue is classified as Residential Class II Type - I, indicating its suitability for residential development.