Guideline Value for ASWINI NAGAR

Aswini Nagar guideline value

The current guideline value of Aswini Nagar is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-B 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 seen several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 469 per sq.ft. This increased to Rs 700 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 770 per sq.ft, reflecting an increase of 10% from the previous year.

Overall, from 2017 to 2024, the guideline value has risen by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO, with the 2024 guideline values ranging from Rs 330 to Rs 1,760 per sq.ft. The median value for these streets is Rs 770 per sq.ft, which is equal to the guideline value of Aswini Nagar.

• Asian Company: Rs 870 per sq.ft (2024)
• Ashok Avenue: Rs 770 per sq.ft (2024)
• Babuji Nagar & St: Rs 770 per sq.ft (2024)
• Arul Nagar & Streets: Rs 770 per sq.ft (2024)
• Arul Nagar Extn: Rs 770 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 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, totaling Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

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 further assistance.

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

The guideline value is a crucial factor in property transactions in Thiruninravur-B. It serves as a benchmark for determining the stamp duty and registration fees when a property is bought or sold. The guideline value ensures that the government receives the appropriate revenue from property transactions.

When registering a property, buyers and sellers must consider the guideline value, as it is the basis for calculating applicable fees. This value helps maintain transparency and standardization 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 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 469 per sq.ft in 2017 to Rs 700 in 2023, and then to Rs 770 in 2024. This represents a total increase of 64% from 2017 to 2024.

What is the land classification for Aswini Nagar?

Aswini Nagar is classified as Residential Class II Type - III, indicating its designation for residential use.

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

For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900 and the registration fee would be Rs 15,400, totaling Rs 69,300. These fees are based on the guideline value or sale price, whichever is higher.

Which Sub Registrar Office covers Aswini Nagar?

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