Guideline Value for Aishwarya Garden

Aishwarya Garden guideline value

The current guideline value of Aishwarya Garden is Rs 1,980 per sq.ft, effective from 1 July 2024. This area is located in Kobarasanallur village under the Kunrathur SRO, classified as Mixed Special Type - II.

How the guideline value of Aishwarya Garden has changed

The guideline value for Aishwarya Garden has seen several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which was then reduced to Rs 1,206 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,800 per sq.ft, followed by a further increase to Rs 1,980 per sq.ft in 2024, representing a 10% rise.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, the guideline value has increased by 10% from Rs 1,800 per sq.ft in 2012 to Rs 1,980 per sq.ft in 2024.

Guideline values in Kobarasanallur

Kobarasanallur village has 28 streets under the Kunrathur SRO, with the 2024 guideline values ranging from Rs 1,650 to Rs 4,180 per sq.ft. The median value is Rs 1,980 per sq.ft, which is also the current guideline value for Aishwarya Garden.

• Aishwarya Garden Annexe: Rs 1,650 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. 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 details.

Which Sub Registrar Office covers Aishwarya Garden?

Aishwarya Garden falls under the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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 determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

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

Frequently asked questions

What is the current guideline value of Aishwarya Garden?

The current guideline value of Aishwarya Garden is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then back to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What are the stamp duty and registration fees for Aishwarya Garden?

For a 1,000 sq.ft plot, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200 based on the current guideline value.

Which office handles registrations for Aishwarya Garden?

The Kunrathur Sub Registrar Office handles registrations for Aishwarya Garden, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Aishwarya Garden?

Aishwarya Garden is classified as Mixed Special Type - II, which influences its guideline value and usage regulations.