Guideline Value for AURIS

Auris guideline value

The current guideline value of Auris in Nedunkumdram village under the Tambaram Joint 1 SRO is Rs 3,080 per sq.ft, effective from 1 July 2024. This area is classified as Commercial Class I Type - I.

How the guideline value of Auris has changed

The guideline value for Auris has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 3,080 per sq.ft, which is an increase of 10% from the 2023 revision, where the value was Rs 2,800 per sq.ft. The 2017 revision also recorded Rs 2,800 per sq.ft, indicating no change from 2017 to 2023.

There are no figures available for the revisions in 2012, 2007, 2003, and 2002 for this street. Overall, from 2017 to 2024, the guideline value has increased by 10%.

Guideline values in Nedunkumdram

Nedunkumdram village has a total of 75 streets under the Tambaram Joint 1 SRO, with guideline values for 2024 ranging from Rs 330 to Rs 5,300 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Auris's 2024 figure above this median.

• Ashok Nandhavanam: Rs 1,440 per sq.ft (2024)
• Ashok Nagar: Rs 1,100 per sq.ft (2024)
• Balasubramaniyam Nagar Phase II: Rs 2,750 per sq.ft (2024)
• Casagrand Vistaaz: Rs 3,300 per sq.ft (2024)
• Akshaya Garden: Rs 3,300 per sq.ft (2024)
• Chennai-2 Green City Phase-I: Rs 1,110 per sq.ft (2024)

Stamp duty and registration fee for property in Auris

For a 1,000 sq.ft plot at the current guideline value of Rs 3,080 per sq.ft, the total guideline value amounts to Rs 30,80,000. The stamp duty at 7% would be Rs 2,15,600, and the registration fee at 2% would be Rs 61,600, bringing the total fees to Rs 2,77,200. The duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Auris?

The Sub Registrar Office that covers Auris is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor in property transactions in Nedunkumdram, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is officially recognized.

During the registration process, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the state collects appropriate revenue from property transactions, reflecting the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Auris?

The current guideline value of Auris is Rs 3,080 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Auris has increased from Rs 2,800 per sq.ft in 2023 to Rs 3,080 per sq.ft in 2024, marking a 10% increase. There was no change from 2017 to 2023, where it remained at Rs 2,800 per sq.ft.

What are the stamp duty and registration fees for Auris?

For a 1,000 sq.ft plot at the guideline value of Rs 3,080 per sq.ft, the total guideline value is Rs 30,80,000. The stamp duty would be Rs 2,15,600, and the registration fee would be Rs 61,600, totaling Rs 2,77,200.

Which Sub Registrar Office covers Auris?

The Tambaram Joint 1 Sub Registrar Office covers Auris, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification for Auris?

Auris is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.