Guideline Value for ASKAR AVENUE

Askar Avenue guideline value

The current guideline value of Askar Avenue in Pazhamathoor village is Rs 400 per sq.ft, effective from 1 July 2024. This property falls under the Chengleput Joint II SRO and is classified as Residential Special Type - I.

How the guideline value of Askar Avenue has changed

The guideline value for Askar Avenue has seen several revisions over the years. The register shows no figures for the years 2002, 2003, and 2007. In 2012, the guideline value was Rs 400 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 268 per sq.ft. This was a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 400 per sq.ft.

In the latest 2024 revision, the guideline value remains at Rs 400 per sq.ft, showing no change from the previous year. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 400 per sq.ft.

Guideline values in Pazhamathoor

In Pazhamathoor, there are 7 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 400 per sq.ft. The median value for these streets is Rs 400 per sq.ft, which is equal to the guideline value of Askar Avenue.

• Kurinjinagar: Rs 400 per sq.ft (2024)
• Kurinjinagar Ext: Rs 400 per sq.ft (2024)
• Marutham Nagar: Rs 400 per sq.ft (2024)
• Mullai Nagar: Rs 400 per sq.ft (2024)
• Neithal Nagar: Rs 400 per sq.ft (2024)
• Sai Ram Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Askar Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total cost for these fees Rs 36,000. 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 Askar Avenue?

The Sub Registrar Office that covers Askar Avenue is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Pazhamathoor. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that both buyers and sellers are aware of the official value assigned to the property.

When a property is sold, the guideline value is used to determine the applicable duties. This ensures transparency and consistency in property transactions, as it reflects the officially recognized value of the property in the area.

Frequently asked questions

What is the current guideline value of Askar Avenue?

The current guideline value of Askar Avenue is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft since 2012, with a decrease to Rs 268 per sq.ft in 2017 before returning to Rs 400 per sq.ft in 2023 and 2024.

What are the other streets with guideline values in Pazhamathoor?

Other streets in Pazhamathoor under the Chengleput Joint II SRO include Kurinjinagar, Kurinjinagar Ext, Marutham Nagar, Mullai Nagar, Neithal Nagar, and Sai Ram Nagar, with values ranging from Rs 250 to Rs 400 per sq.ft.

What is the stamp duty rate for properties in Askar Avenue?

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

Where can I find the Sub Registrar Office for Askar Avenue?

The Sub Registrar Office for Askar Avenue is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, under the Chengalpattu registration zone.