Guideline Value for ASMITHA GARDEN

Asmitha Garden guideline value

The current guideline value of Asmitha Garden is Rs 700 per sq.ft. This property is located in Athur B Block village under the Chengleput Joint II SRO, classified as Residential Special Type - I.

How the guideline value of Asmitha Garden has changed

In the 2012 revision, the guideline value was set at Rs 700 per sq.ft. However, in the 2017 revision, it decreased to Rs 469 per sq.ft, marking a decline of 33%. The subsequent revisions saw a significant increase; the 2023 revision returned to Rs 700 per sq.ft, and the 2024 revision maintained this figure, showing no change from the previous year.

From the 2017 revision to the 2023 revision, there was an increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value remains unchanged at Rs 700 per sq.ft.

Guideline values in Athur B Block

Athur B Block has 79 streets under the Chengleput Joint II SRO, with a 2024 guideline value ranging from Rs 268 to Rs 1,525 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, making Asmitha Garden's 2024 figure equal to this median.

• Ashmitha Gardens: Rs 700 per sq.ft (2024)
• Arj Land Developers In Goldan Nagar: Rs 500 per sq.ft (2024)
• Balaji Nagar: Rs 500 per sq.ft (2024)
• Balu Nagar: Rs 700 per sq.ft (2024)
• Baskara Rao Avenue Extn-1: Rs 700 per sq.ft (2024)
• Baskar Rav Avenue: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Asmitha Garden

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. 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 further calculations.

Which Sub Registrar Office covers Asmitha Garden?

The Sub Registrar Office covering Asmitha Garden 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 Athur B Block

The guideline value is a critical factor in the registration process when buying or selling property in Athur B Block. It serves as the basis for calculating stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Asmitha Garden?

The current guideline value of Asmitha Garden is Rs 700 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the 2012 revision at Rs 700 per sq.ft, dropping to Rs 469 per sq.ft in 2017, and returning to Rs 700 per sq.ft in both the 2023 and 2024 revisions.

What is the land classification of Asmitha Garden?

Asmitha Garden is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Asmitha Garden?

The Sub Registrar Office for Asmitha Garden is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for property in Asmitha Garden?

Stamp duty for property in Asmitha Garden is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty and registration fee of Rs 63,000.