Guideline Value for ASIRIAR STREET

Asiriar Street guideline value

The current guideline value of Asiriar Street in Perambur village, under the Purasaivakkam SRO, is Rs 5,400 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Asiriar Street has changed

Asiriar Street has seen several revisions in its guideline value over the years. The earliest recorded figure is from 2003, where the guideline value was Rs 461 per sq.ft. This increased to Rs 600 per sq.ft in 2007, marking a significant rise of 30%. The value then surged to Rs 5,000 per sq.ft in 2012, reflecting a remarkable increase of 733%. However, it dipped to Rs 3,350 per sq.ft in 2017, showing a decrease of 33%. The value rose again to Rs 5,000 per sq.ft in 2023, and currently stands at Rs 5,400 per sq.ft from the 2024 revision, which is an increase of 8% from the previous year.

It is important to note that the register has no figure for Asiriar Street in 2002. Overall, from 2003 to 2024, the guideline value has increased by 1071%.

Guideline values in Perambur

In Perambur, there are 1114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. Asiriar Street's current guideline value is above this median.

• Asiriyar Colony Maraimalai Adigal Street: Rs 3,200 per sq.ft (2024)
• Asiriyar Velayutham Street: Rs 3,800 per sq.ft (2024)
• Arunthathipuram: Rs 2,200 per sq.ft (2024)
• Avvai Nagar: Rs 3,800 per sq.ft (2024)
• Avvai Nagar 1st Street: Rs 3,800 per sq.ft (2024)
• Avvai Nagar 2nd Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Asiriar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,400 per sq.ft, the total guideline value amounts to Rs 54,00,000. The stamp duty at 7% would be Rs 3,78,000, and the registration fee at 2% would be Rs 1,08,000, bringing the total to Rs 4,86,000. 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 Asiriar Street?

The Sub Registrar Office that covers Asiriar Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted at a fair value.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Asiriar Street?

The current guideline value of Asiriar Street is Rs 5,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Asiriar Street has changed significantly, increasing from Rs 461 per sq.ft in 2003 to Rs 5,400 per sq.ft in 2024, marking an overall increase of 1071%.

What are the stamp duty and registration fees for properties on Asiriar Street?

For a property valued at Rs 54,00,000, the stamp duty would be Rs 3,78,000 and the registration fee would be Rs 1,08,000, totaling Rs 4,86,000.

Which Sub Registrar Office is responsible for Asiriar Street?

The Purasaivakkam Sub Registrar Office is responsible for Asiriar Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification for Asiriar Street?

Asiriar Street is classified as Residential Class I Type - I, indicating its designation for residential use.