Guideline Value for AURORA PHASE II

Aurora Phase II guideline value

The current guideline value of Aurora Phase II is Rs 6,000 per sq.ft. This area is located in Navaloor village and falls under the Thiruporur SRO. The land classification for this property is Residential Class I Type - II.

How the guideline value of Aurora Phase II has changed

According to the guideline value register, there have been several revisions for Aurora Phase II. The oldest revision is from 2002, but the register has no figure for this street in that year. The subsequent revisions in 2003, 2007, 2012, and 2017 also show no figures for this street. The most recent revision in 2023 set the guideline value at Rs 6,000 per sq.ft.

Since the 2023 revision is the only one with a figure, there have been no changes in the guideline value between the revisions mentioned above. The register confirms that the guideline value for Aurora Phase II has remained consistent since the 2023 revision.

Guideline values in Navaloor

Currently, there are no specific village figures provided for Navaloor. Aurora Phase II is a residential area classified under the Thiruporur SRO. There are no other streets in Navaloor listed with guideline values.

Stamp duty and registration fee for property in Aurora Phase II

For a 1,000 sq.ft plot at the current guideline value of Rs 6,000 per sq.ft, the total guideline value amounts to Rs 60,00,000. The stamp duty at 7% would be Rs 4,20,000, while the registration fee at 2% would be Rs 1,20,000. Together, the total cost for stamp duty and registration fee would be Rs 5,40,000. 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 accurate calculations based on your specific property details.

Which Sub Registrar Office covers Aurora Phase II?

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

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Aurora Phase II, the guideline value will be used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. The guideline value serves as a benchmark for assessing property transactions and ensures that the appropriate taxes are paid during the registration process.

Frequently asked questions

What is the current guideline value of Aurora Phase II?

The current guideline value of Aurora Phase II is Rs 6,000 per sq.ft as per the 2023 revision.

What are the past revisions for Aurora Phase II's guideline value?

The guideline value register shows revisions for the years 2002, 2003, 2007, 2012, 2017, and 2023. However, there are no figures available for the street in the revisions from 2002, 2003, 2007, 2012, and 2017.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For instance, a 1,000 sq.ft plot at the current guideline value of Rs 6,000 per sq.ft would incur a stamp duty of Rs 4,20,000 at 7%.

What is the registration fee for property in Aurora Phase II?

The registration fee for property in Aurora Phase II is calculated at 2% of the guideline value. For a property valued at Rs 60,00,000, the registration fee would amount to Rs 1,20,000.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. This office handles the registration of properties in Aurora Phase II.