Guideline Value for Aishwarya Garden Annexe

Aishwarya Garden Annexe guideline value

The current guideline value of Aishwarya Garden Annexe is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Kobarasanallur village under the Kunrathur SRO and is classified as Residential Special Type - I.

How the guideline value of Aishwarya Garden Annexe has changed

The guideline value for Aishwarya Garden Annexe has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged in the subsequent 2017 revision. However, the 2017 revision saw a decrease of 33% from the previous value, dropping to Rs 1,005 per sq.ft. The value then increased significantly by 49% in the 2023 revision to Rs 1,500 per sq.ft, followed by a further increase of 10% in the 2024 revision, bringing the current guideline value to Rs 1,650 per sq.ft.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kobarasanallur

In Kobarasanallur, there are 28 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 1,650 to Rs 4,180 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, placing Aishwarya Garden Annexe below this median.

• Aishwarya Garden: Rs 1,980 per sq.ft (2024)
• A.K.Nagar: Rs 1,980 per sq.ft (2024)
• Adi Sakthi Nagar: Rs 1,980 per sq.ft (2024)
• Anandam Nagar: Rs 1,980 per sq.ft (2024)
• Bagyalakshmi Nagar: Rs 1,980 per sq.ft (2024)
• Bharathi Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Aishwarya Garden Annexe

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, while the registration fee at 2% would be Rs 33,000, bringing the total fees together to Rs 1,48,500. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aishwarya Garden Annexe?

The Aishwarya Garden Annexe is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kobarasanallur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized value set by the government.

When a property is sold, the buyer must pay the stamp duty and registration fees based on the higher of the guideline value or the sale price. This ensures that the government receives due revenue from property transactions.

Frequently asked questions

What is the current guideline value of Aishwarya Garden Annexe?

The current guideline value of Aishwarya Garden Annexe is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, with various revisions in between, including a drop to Rs 1,005 per sq.ft in 2017 and an increase to Rs 1,500 per sq.ft in 2023.

What is the stamp duty rate for properties in Aishwarya Garden Annexe?

The stamp duty rate for properties in Aishwarya Garden Annexe is 7%, which is calculated on the higher of the guideline value or the sale price.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles registrations for properties in Aishwarya Garden Annexe.

What is the land classification of Aishwarya Garden Annexe?

Aishwarya Garden Annexe is classified as Residential Special Type - I, which is important for understanding the zoning and permissible uses for properties in this area.