Guideline Value for ASR ÿ ï裢

Asr ã¿ ã¯ã¨â£â¢ guideline value

The current guideline value of Asr ã¿ ã¯ã¨â£â¢ is Rs 450 per sq.ft, effective from 1 July 2024. This street is located in Thiruvur village under the Manavalanagar SRO and is classified as Residential Class III Type - II.

How the guideline value of Asr ã¿ ã¯ã¨â£â¢ has changed

Asr ã¿ ã¯ã¨â£â¢ has seen several revisions in its guideline value over the years. The 2017 revision set the value at Rs 301 per sq.ft, which remained unchanged until the 2023 revision, where it was still Rs 450 per sq.ft. The 2024 revision has also kept the guideline value at Rs 450 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

In terms of percentage changes, there was a 50% increase from the 2017 revision to the 2023 revision, and the overall change from 2017 to 2024 is also 50%. The guideline value has remained stable from 2023 to 2024, with a 0% change.

Guideline values in Thiruvur

In Thiruvur, there are 99 streets under the Manavalanagar SRO that carry a 2024 guideline value ranging from Rs 450 to Rs 1,500 per sq.ft, with the median value being Rs 450 per sq.ft. Asr ã¿ ã¯ã¨â£â¢'s 2024 guideline value aligns with this median.

• Capital Town: Rs 750 per sq.ft (2024)
• E.V.P.Rajeshwari Nagar: Rs 1,500 per sq.ft (2024)
• Rajapuram Phase I: Rs 600 per sq.ft (2024)
• Rajapuram Phase II: Rs 600 per sq.ft (2024)
• Ram Nagar: Rs 600 per sq.ft (2024)
• A.D.R.Jai Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Asr ã¿ ã¯ã¨â£â¢

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 4,50,000. The stamp duty at 7% would be Rs 31,500, and the registration fee at 2% would be Rs 9,000, totaling Rs 40,500. Please note that 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 Asr ã¿ ã¯ã¨â£â¢?

The Sub Registrar Office that covers Asr ã¿ ã¯ã¨â£â¢ is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Thiruvur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property transaction occurs, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring that both buyers and sellers are aware of the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Asr ã¿ ã¯ã¨â£â¢?

The current guideline value of Asr ã¿ ã¯ã¨â£â¢ is Rs 450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From the 2017 revision to the 2023 revision, the guideline value increased by 50% from Rs 301 per sq.ft to Rs 450 per sq.ft. The value remained unchanged from 2023 to 2024.

What other streets are in Thiruvur?

Other streets in Thiruvur under the Manavalanagar SRO include Capital Town, E.V.P.Rajeshwari Nagar, Rajapuram Phase I, Rajapuram Phase II, Ram Nagar, and A.D.R.Jai Nagar, with varying guideline values.

Where can I find the Sub Registrar Office for Asr ã¿ ã¯ã¨â£â¢?

The Sub Registrar Office for Asr ã¿ ã¯ã¨â£â¢ is located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.

How is the stamp duty calculated for property in Asr ã¿ ã¯ã¨â£â¢?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 4,50,000, the stamp duty at 7% would be Rs 31,500.