Guideline Value for ASWINI NAGAR

Aswini Nagar guideline value

The current guideline value of Aswini Nagar is Rs 750 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-A village under the Avadi SRO and is classified as Residential Class II Type - III.

How the guideline value of Aswini Nagar has changed

The guideline value for Aswini Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 750 per sq.ft, an increase from Rs 700 per sq.ft in 2023, marking a change of +7%. Prior to that, the 2017 revision recorded a value of Rs 469 per sq.ft, indicating a significant increase of +49% leading up to 2023. The overall increase from 2017 to 2024 is +60%.

It is important to note that there are no figures available for the revisions in 2012, 2007, 2003, and 2002 for this street.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that have a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft. The median value is Rs 750 per sq.ft, which is the same as the guideline value for Aswini Nagar.

• Asian Company: Rs 840 per sq.ft (2024)
• Ashok Avenue: Rs 750 per sq.ft (2024)
• Babuji Nagar & St: Rs 750 per sq.ft (2024)
• Arul Nagar & Streets: Rs 750 per sq.ft (2024)
• Arul Nagar Extn: Rs 750 per sq.ft (2024)
• Bajanai Koil St: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Aswini Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value amounts to Rs 7,50,000. The stamp duty is calculated at 7%, which would be Rs 52,500, and the registration fee at 2% amounts to Rs 15,000. Together, the total fees would be Rs 67,500. 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 assistance.

Which Sub Registrar Office covers Aswini Nagar?

The Sub Registrar Office that covers Aswini Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruninravur-A. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is used to ensure that the transaction is registered at a fair value, and it helps in preventing undervaluation of properties. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Aswini Nagar?

The current guideline value of Aswini Nagar is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 750 per sq.ft in 2024, reflecting an overall increase of +60% over the seven years.

What are the stamp duty and registration fees for property in Aswini Nagar?

For a property valued at Rs 7,50,000, the stamp duty would be Rs 52,500 and the registration fee would be Rs 15,000, totaling Rs 67,500.

Which office handles property registrations in Aswini Nagar?

The Avadi Sub Registrar Office handles property registrations in Aswini Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the land classification of Aswini Nagar?

Aswini Nagar is classified as Residential Class II Type - III, indicating its use for residential purposes under the local regulations.