Guideline Value for ASWINI FOUNDATION

Aswini Foundation guideline value

The current guideline value of Aswini Foundation, located in Nelllikuppam village under the Thiruporur SRO, is Rs 1,000 per sq.ft. This value is effective from the 2024 revision, which came into effect on 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Aswini Foundation has changed

Looking at the revisions, the guideline value for Aswini Foundation has remained consistent at Rs 1,000 per sq.ft for both the 2023 and 2024 revisions. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017, indicating that there have been no recorded changes for this street during those years.

In summary, the guideline value has not changed between the 2023 and 2024 revisions, with a change of +0%. This stability suggests that the value has remained constant during this period.

Guideline values in Nelllikuppam

Nelllikuppam has 45 streets under the Thiruporur SRO with a 2024 guideline value range from Rs 400 to Rs 1,600 per sq.ft. The median value is Rs 1,000 per sq.ft, which aligns with the current guideline value for Aswini Foundation. Below are the guideline values for other streets in Nelllikuppam:

• Ceedeeyas Housing: Rs 1,000 per sq.ft (2024)
• Elite Grand City: Rs 1,000 per sq.ft (2024)
• Elite Grand City Annex: Rs 1,000 per sq.ft (2024)
• Elite Grand City Phase II: Rs 1,493 per sq.ft (2024)
• Elite Grand City Phase III: Rs 1,493 per sq.ft (2024)
• Elite Grand City Phase IV: Rs 1,493 per sq.ft (2024)

Stamp duty and registration fee for property in Aswini Foundation

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Aswini Foundation?

The Aswini Foundation is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, in the Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value plays a crucial role when buying or selling property in Nelllikuppam. It serves as a reference point for determining the stamp duty and registration fees that are applicable during the registration process. Buyers and sellers must be aware of this value to ensure compliance with local regulations.

When a property transaction occurs, the guideline value is used to calculate the stamp duty, which is charged at a percentage of the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Aswini Foundation?

The current guideline value of Aswini Foundation is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Aswini Foundation has remained at Rs 1,000 per sq.ft for both the 2023 and 2024 revisions, with no recorded changes in the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Aswini Foundation?

The land classification for Aswini Foundation is Residential Special Type - I.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Aswini Foundation?

Stamp duty for properties in Aswini Foundation is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000, leading to a stamp duty of Rs 70,000.