Guideline Value for ASHMITHA GARDENS

Ashmitha Gardens guideline value

The current guideline value of Ashmitha Gardens is Rs 700 per sq.ft, effective from 1 July 2024. This property is located in Athur B Block village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - I.

How the guideline value of Ashmitha Gardens has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the value was Rs 125 per sq.ft, which increased to Rs 700 per sq.ft in 2012, marking a substantial rise of 460%. However, in the 2017 revision, the value dropped to Rs 469 per sq.ft, a decrease of 33%. The value then rose again to Rs 700 per sq.ft in 2023, maintaining the same rate in the 2024 revision, resulting in a 49% increase from 2017 to 2023.

The guideline value has remained stable at Rs 700 per sq.ft from 2023 to 2024, indicating no change. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Athur B Block

Athur B Block has a range of guideline values, with 79 streets under the Chengleput Joint II SRO carrying a 2024 figure from Rs 268 to Rs 1,525 per sq.ft. The median value is Rs 700 per sq.ft, and Ashmitha Gardens aligns with this median at Rs 700 per sq.ft.

• Asmitha Garden: Rs 700 per sq.ft (2024)
• Arj Land Developers In Goldan Nagar: Rs 500 per sq.ft (2024)
• Balaji Nagar: Rs 500 per sq.ft (2024)
• Annai Garden: Rs 500 per sq.ft (2024)
• Balu Nagar: Rs 700 per sq.ft (2024)
• Baskara Rao Avenue Extn-1: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Ashmitha Gardens

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total cost to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Ashmitha Gardens?

The Sub Registrar Office that covers Ashmitha Gardens is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Athur B Block

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

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ashmitha Gardens?

The current guideline value of Ashmitha Gardens is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 125 per sq.ft in 2007 to Rs 700 per sq.ft in 2012, then decreased to Rs 469 per sq.ft in 2017, and returned to Rs 700 per sq.ft in 2023 and 2024.

What is the land classification for Ashmitha Gardens?

Ashmitha Gardens is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Ashmitha Gardens?

The Chengleput Joint II Sub Registrar Office covers Ashmitha Gardens, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Ashmitha Gardens?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 7,00,000 would incur a stamp duty of Rs 49,000 at 7%.