Guideline Value for ASSAI NAGAR PHASE-6A

Assai Nagar Phase-6a guideline value

The current guideline value of Assai Nagar Phase-6a is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Pakkam village and falls under the Madurandakam Sub Registrar Office (SRO). The land classification for this region is Mixed Type - I.

How the guideline value of Assai Nagar Phase-6a has changed

Looking at the historical data, the guideline value for Assai Nagar Phase-6a has seen several revisions. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged in the 2017 revision at Rs 201 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49% to Rs 300 per sq.ft. The 2023 revision also maintained the same rate of Rs 300 per sq.ft, which will continue into the 2024 revision.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 300 per sq.ft.

Guideline values in Pakkam

In Pakkam, there are 13 streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 350 per sq.ft. The median value for these streets is Rs 300 per sq.ft, which is the same as the guideline value for Assai Nagar Phase-6a.

• Asai Nagar: Rs 300 per sq.ft (2024)
• Akshaya Nagar: Rs 300 per sq.ft (2024)
• Aasai Nagar Phase-III: Rs 300 per sq.ft (2024)
• Aasai Nagar Phase - II: Rs 300 per sq.ft (2024)
• Esic Employes Union Golden Juble Nagar: Rs 300 per sq.ft (2024)
• J J Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Assai Nagar Phase-6a

For a plot of 1,000 sq.ft at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees together to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating your fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Assai Nagar Phase-6a?

The Sub Registrar Office that covers Assai Nagar Phase-6a is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when it comes to the registration of property transactions in Pakkam. It is used to determine the stamp duty and registration fees that need to be paid during the sale or purchase of property. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When registering a property, the guideline value serves as a benchmark to assess the transaction value. This means that if the sale price is lower than the guideline value, the stamp duty will be calculated based on the guideline value instead.

Frequently asked questions

What is the current guideline value of Assai Nagar Phase-6a?

The current guideline value of Assai Nagar Phase-6a is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a decrease to Rs 201 per sq.ft in 2017 and an increase back to Rs 300 per sq.ft in 2023.

What is the land classification for Assai Nagar Phase-6a?

Assai Nagar Phase-6a is classified as Mixed Type - I according to the land classification standards.

Where can I find the Sub Registrar Office for Assai Nagar Phase-6a?

The Sub Registrar Office for Assai Nagar Phase-6a is the Madurandakam SRO, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is stamp duty calculated for properties in Assai Nagar Phase-6a?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 3,00,000 would incur a stamp duty of Rs 21,000 at 7%.