Guideline Value for ASAYAA NAGAR

Asayaa Nagar guideline value

The current guideline value of Asayaa Nagar is Rs 299 per sq.ft, effective from 1 July 2024. This area is located in Kudalur village under the Madurandakam SRO, classified as Residential Class II Type - I.

How the guideline value of Asayaa Nagar has changed

The guideline value for Asayaa Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2023 revision, where it was still Rs 299 per sq.ft. The 2024 revision has also retained the value at Rs 299 per sq.ft, showing no change from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 50%. The 2023 to 2024 revision shows no change, with a consistent value of Rs 299 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kudalur

In Kudalur village, there are 10 streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 299 per sq.ft. The median value for these streets is Rs 100 per sq.ft, making Asayaa Nagar's 2024 figure above that median.

• A.J. Avenue: Rs 100 per sq.ft (2024)
• Gajapathy Nagar: Rs 111 per sq.ft (2024)
• Madan City: Rs 100 per sq.ft (2024)
• Rallys Nagar: Rs 100 per sq.ft (2024)
• Rasi Nagar Phase-II: Rs 111 per sq.ft (2024)
• Sasi Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Asayaa Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 299 per sq.ft, the total guideline value would be Rs 2,99,000. The stamp duty at 7% would amount to Rs 20,930, and the registration fee at 2% would be Rs 5,980, totaling Rs 26,910. Note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Asayaa Nagar?

The Sub Registrar Office that covers Asayaa Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an important factor when buying or selling property, as it determines the minimum price at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory for all property transactions.

When you approach the registration office, the guideline value will be referenced to ensure compliance with legal requirements. Both the buyer and seller should be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Asayaa Nagar?

The current guideline value of Asayaa Nagar is Rs 299 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 299 per sq.ft from 2023 to 2024, showing no change. However, from 2017 to 2023, it increased by 50% from Rs 200 per sq.ft to Rs 299 per sq.ft.

What is the classification of land in Asayaa Nagar?

Asayaa Nagar is classified as Residential Class II Type - I, which indicates its suitability for residential development.

Where can I find the registration office for Asayaa Nagar?

The registration office for Asayaa Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,99,000, the stamp duty would be 7% of that amount.