Guideline Value for ASIAN COMPANY

Asian Company guideline value

The current guideline value for Asian Company in Thiruninravur-A village is Rs 840 per sq.ft, effective from 1 July 2024. This property falls under the Avadi SRO and is classified as Residential Class II Type - II.

How the guideline value of Asian Company has changed

The guideline value for Asian Company has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 840 per sq.ft, an increase from Rs 800 per sq.ft in the 2023 revision, marking a change of +5%. Prior to that, in the 2017 revision, the value was Rs 737 per sq.ft, indicating a +9% increase from that year to 2023. Overall, from 2017 to 2024, the guideline value has increased by +14%.

It is important to note that the guideline register has no figures for the years 2002, 2003, 2007, and 2012 for this street. The absence of figures in these revisions indicates that the guideline value was not established during those years.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft. The median value for these streets is Rs 750 per sq.ft, placing the guideline value for Asian Company above the median.

• Aswini Nagar: Rs 750 per sq.ft (2024)
• Ashok Avenue: Rs 750 per sq.ft (2024)
• Arul Nagar & Streets: Rs 750 per sq.ft (2024)
• Arul Nagar Extn: Rs 750 per sq.ft (2024)
• A.R.LAYOUT alias MAJESTIC AVENUE: Rs 660 per sq.ft (2024)
• Babuji Nagar & St: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Asian Company

For a 1,000 sq.ft plot at the current guideline value of Rs 840 per sq.ft, the total guideline value amounts to Rs 8,40,000. The stamp duty at 7% would be Rs 58,800, and the registration fee at 2% would be Rs 16,800, bringing the total cost for these fees to Rs 75,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Asian Company?

The Asian Company property is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruninravur-A. It determines the minimum value at which the property can be registered, ensuring that the transaction is documented at a fair value as per government standards.

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

Frequently asked questions

What is the current guideline value for Asian Company?

The current guideline value for Asian Company in Thiruninravur-A is Rs 840 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 737 per sq.ft in 2017 to Rs 800 per sq.ft in 2023, and currently to Rs 840 per sq.ft in 2024, reflecting an overall increase of +14% from 2017 to 2024.

Are there any years without guideline values for Asian Company?

Yes, the guideline register has no figures for the years 2002, 2003, 2007, and 2012 for Asian Company.

What are the stamp duty and registration fees for properties in Asian Company?

For a property valued at Rs 8,40,000, the stamp duty would be Rs 58,800 and the registration fee would be Rs 16,800, totaling Rs 75,600 for these fees.

Which office handles the registration for Asian Company?

The Avadi Sub Registrar Office handles the registration for Asian Company, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.