Guideline Value for AURORA PHASE 1

Aurora Phase 1 guideline value

The current guideline value of Aurora Phase 1 in Navaloor village, under the Thiruporur SRO, is Rs 5,000 per sq.ft. This classification falls under Residential Special Type - IV.

How the guideline value of Aurora Phase 1 has changed

The guideline value for Aurora Phase 1 has been set at Rs 5,000 per sq.ft since the 2023 revision. Prior to this, there are no figures available for the years 2024, 2017, 2012, 2007, 2003, and 2002 in the register for this street.

There have been no changes between the revisions listed above. The most recent figure from the 2023 revision remains the only guideline value recorded for this street.

Guideline values in Navaloor

No specific village figures are provided for Navaloor. Aurora Phase 1 is currently the only street with a defined guideline value in this area.

Stamp duty and registration fee for property in Aurora Phase 1

For a 1,000 sq.ft plot at the current rate of Rs 5,000 per sq.ft, the guideline value amounts to Rs 50,00,000. The stamp duty at 7% would be Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, making the total Rs 4,50,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aurora Phase 1?

The Sub Registrar Office that covers Aurora Phase 1 is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor when registering property transactions in Navaloor. It serves as a baseline for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value will determine the minimum price at which the property can be registered. Buyers should be aware that the stamp duty is calculated based on the higher value between the guideline value and the actual sale price.

Frequently asked questions

What is the current guideline value of Aurora Phase 1?

The current guideline value of Aurora Phase 1 is Rs 5,000 per sq.ft, as per the 2023 revision.

When was the last revision of the guideline value?

The last revision of the guideline value for Aurora Phase 1 was in 2023, where it was set at Rs 5,000 per sq.ft.

Are there any previous guideline values for Aurora Phase 1?

Yes, the register shows no figures for the years 2024, 2017, 2012, 2007, 2003, and 2002 for Aurora Phase 1.

How is stamp duty calculated for property in Aurora Phase 1?

Stamp duty for property in Aurora Phase 1 is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot has a guideline value of Rs 50,00,000, resulting in a stamp duty of Rs 3,50,000.

What is the role of the Thiruporur SRO in property transactions?

The Thiruporur SRO is responsible for the registration of property transactions in Aurora Phase 1. It ensures that all transactions comply with legal requirements and that the appropriate fees are collected.