Guideline Value for ASIF NAGAR

Asif Nagar guideline value

The current guideline value of Asif Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Puliyur village, under the Kodambakkam SRO, and is classified as Residential Class V Type - I.

How the guideline value of Asif Nagar has changed

The guideline value for Asif Nagar has undergone several revisions over the years. The earliest recorded value was Rs 900 per sq.ft in 2007. This figure saw a significant increase to Rs 3,000 per sq.ft in 2012, marking a rise of 233%. However, in the following revision in 2017, the value dropped to Rs 2,010 per sq.ft, reflecting a decrease of 33%. The most recent revision in 2024 set the guideline value at Rs 3,300 per sq.ft, which is an increase of 64% from the 2017 figure. There are no figures available for the years 2002, 2003, and 2023 for this street.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 267%. This illustrates the fluctuations in property valuation over the years in Asif Nagar.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, placing Asif Nagar's 2024 figure below this median.

• Athreyapuram 1st Street: Rs 5,800 per sq.ft (2024)
• Athreyapuram 2nd Street: Rs 5,800 per sq.ft (2024)
• Athreyapuram Main Road: Rs 6,300 per sq.ft (2024)
• Ashok Avenue: Rs 8,200 per sq.ft (2024)
• Arya Gowda Salai Extention: Rs 11,000 per sq.ft (2024)
• Arya Gowda Salai: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Asif Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making the total charges Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Asif Nagar?

The Sub Registrar Office that covers Asif Nagar is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Puliyur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, which are mandatory expenses for any property transaction.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. Accurate knowledge of these values ensures that all legal requirements are met during the registration process.

Frequently asked questions

What is the current guideline value of Asif Nagar?

The current guideline value of Asif Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 267% over this period.

What is the land classification for Asif Nagar?

Asif Nagar is classified as Residential Class V Type - I under the Kodambakkam SRO.

Where can I find the registration office for Asif Nagar?

The registration office for Asif Nagar is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for properties in Asif Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty at 7% would amount to Rs 2,31,000.