Guideline Value for Aishwarya Nagar

Aishwarya Nagar guideline value

The current guideline value of Aishwarya Nagar, located in Thirumullaivoyal village under the Ambattur SRO, is Rs 2,400 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Aishwarya Nagar has changed

The guideline value for Aishwarya Nagar has seen significant changes over the years. The earliest recorded revision was in 2002, with a guideline value of Rs 162 per sq.ft. This increased to Rs 190 per sq.ft in 2003, marking a 17% rise. By 2007, the value jumped to Rs 400 per sq.ft, reflecting an increase of 111%. The 2012 revision set the value at Rs 2,200 per sq.ft, which was a substantial 450% increase from the previous revision. However, in 2017, the guideline value decreased to Rs 1,474 per sq.ft, a decline of 33% from 2012. The most recent revision in 2024 has set the guideline value at Rs 2,400 per sq.ft, showing a significant increase of 63% from 2017.

It is important to note that there is no figure recorded for Aishwarya Nagar in the 2023 revision. Overall, from 2002 to 2024, the guideline value has increased by 1381%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,400 per sq.ft, which is equal to the guideline value of Aishwarya Nagar.

• Al Ameen Nagar: Rs 990 per sq.ft (2024)
• Al Ameen Nagar Extn.,: Rs 880 per sq.ft (2024)
• Agasthiyar Street(Senthil nagar): Rs 2,700 per sq.ft (2024)
• Agananoor Street (Sri Sakthi Nagar): Rs 2,400 per sq.ft (2024)
• Ambattu Oragadam Co-operative Building Society Colony (Balaji Nagar): Rs 3,801 per sq.ft (2024)
• Ambattu Oragadam Co-operative Building Society Colony (S.No.880/1, 2, 3): Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Aishwarya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total cost for these fees to Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Aishwarya Nagar?

Aishwarya Nagar falls under the jurisdiction of the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone. You can find your SRO for any further inquiries.

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

The guideline value is a crucial aspect when registering property transactions in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects a fair value according to government standards.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for all property transactions. This ensures transparency and compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Aishwarya Nagar?

The current guideline value of Aishwarya Nagar is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 162 per sq.ft in 2002 to Rs 2,400 per sq.ft in 2024, reflecting an overall increase of 1381% over the years.

What is the land classification of Aishwarya Nagar?

Aishwarya Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Aishwarya Nagar?

The Sub Registrar Office covering Aishwarya Nagar is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Aishwarya Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 24,00,000 would incur a stamp duty of Rs 1,68,000 at 7%.