Guideline Value for ASIRIYAR THANGARAJ STREET

Asiriyar Thangaraj Street guideline value

The current guideline value of Asiriyar Thangaraj Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Chinnasekkadu village under the Thiruvottiyur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Asiriyar Thangaraj Street has changed

The guideline value for Asiriyar Thangaraj Street has seen several revisions over the years. The earliest recorded figure is from 2002, with a guideline value of Rs 153 per sq.ft. This increased to Rs 178 per sq.ft in 2003, marking a rise of 16%. The value then experienced significant growth, reaching Rs 500 per sq.ft in 2007, which was an increase of 181%. In 2012, the guideline value was Rs 1,200 per sq.ft, showing a substantial increase of 140% from the previous revision. However, it decreased by 33% to Rs 804 per sq.ft in 2017. The value then rose to Rs 1,200 per sq.ft in 2023, before reaching the current figure of Rs 1,300 per sq.ft in 2024, which is an 8% increase.

Overall, from 2002 to 2024, the guideline value has increased by 750%. There are no figures available for revisions other than those mentioned above for Asiriyar Thangaraj Street.

Guideline values in Chinnasekkadu

In Chinnasekkadu, there are 49 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. Asiriyar Thangaraj Street's 2024 guideline value of Rs 1,300 per sq.ft is above this median.

• A.V.P. Aasaithambi Street: Rs 1,001 per sq.ft (2024)
• Appa Raji Naidu Street / Appa Raji Street: Rs 1,001 per sq.ft (2024)
• Anna Street: Rs 1,300 per sq.ft (2024)
• Balji Palayam: Rs 1,001 per sq.ft (2024)
• Bharathi Dasan Street: Rs 1,001 per sq.ft (2024)
• Chandramman Koil Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Asiriyar Thangaraj Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, while the registration fee at 2% would be Rs 26,000, resulting in a total of Rs 1,17,000. 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 Asiriyar Thangaraj Street?

The Sub Registrar Office that covers Asiriyar Thangaraj Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Chinnasekkadu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a buyer or seller approaches the registration office, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Asiriyar Thangaraj Street?

The current guideline value of Asiriyar Thangaraj Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 153 per sq.ft in 2002 to Rs 1,300 per sq.ft in 2024, marking an overall increase of 750% over the years.

What are the other streets in Chinnasekkadu with their guideline values?

Other streets in Chinnasekkadu include A.V.P. Aasaithambi Street at Rs 1,001 per sq.ft, Appa Raji Naidu Street at Rs 1,001 per sq.ft, Anna Street at Rs 1,300 per sq.ft, Balji Palayam at Rs 1,001 per sq.ft, Bharathi Dasan Street at Rs 1,001 per sq.ft, and Chandramman Koil Street at Rs 1,300 per sq.ft.

What is the stamp duty rate for properties in Asiriyar Thangaraj Street?

The stamp duty rate for properties in Asiriyar Thangaraj Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Asiriyar Thangaraj Street?

The Sub Registrar Office for Asiriyar Thangaraj Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.