Guideline Value for ASIRIYAR NAGAR

Asiriyar Nagar guideline value

The current guideline value of Asiriyar Nagar, located in Walajabad village under the Walajabad SRO, is Rs 1,500 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Special Type - III land classification.

How the guideline value of Asiriyar Nagar has changed

Over the years, the guideline value of Asiriyar Nagar has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged in the 2017 revision. However, the 2017 revision saw a significant increase to Rs 1,005 per sq.ft, marking a 49% rise from the previous figure. The 2023 revision returned the value to Rs 1,500 per sq.ft, which was maintained in the 2024 revision, indicating no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for Asiriyar Nagar. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 1,500 per sq.ft.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft. The median value for these streets is Rs 750 per sq.ft, placing Asiriyar Nagar's 2024 figure above the median.

• Asiad Residency: Rs 1,000 per sq.ft (2024)
• Arunthathiyar St: Rs 750 per sq.ft (2024)
• Arunthathiar Palayam Street: Rs 750 per sq.ft (2024)
• Arumugapettai Elumalainaickerstreet: Rs 750 per sq.ft (2024)
• Arumuga Patti W.K Davarasnar Street: Rs 750 per sq.ft (2024)
• Arumuga Patti Thenadai Street: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Asiriyar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total cost for stamp duty and registration fees to Rs 1,35,000. 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 precise calculations.

Which Sub Registrar Office covers Asiriyar Nagar?

The Sub Registrar Office that covers Asiriyar Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Walajabad. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers should be aware that the guideline value is the basis for these charges, ensuring transparency in the transaction process.

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

Frequently asked questions

What is the current guideline value of Asiriyar Nagar?

The current guideline value of Asiriyar Nagar is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has fluctuated, with the 2017 revision seeing a drop to Rs 1,005 per sq.ft. The value returned to Rs 1,500 per sq.ft in both the 2023 and 2024 revisions.

What are the other streets in Walajabad and their guideline values?

Walajabad has several other streets with varying guideline values. For example, Asiad Residency is valued at Rs 1,000 per sq.ft, while several other streets are valued at Rs 750 per sq.ft.

What are the stamp duty and registration fees for property in Asiriyar Nagar?

The stamp duty for a property valued at Rs 15,00,000 would be Rs 1,05,000, and the registration fee would be Rs 30,000, totaling Rs 1,35,000.

Which office handles the registration for Asiriyar Nagar?

The Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone, handles the registration for Asiriyar Nagar.