Guideline Value for Aishwarya Nagar

Aishwarya Nagar guideline value

The current guideline value of Aishwarya Nagar, located in Vadamelpakkam village under the Gooduvancheri SRO, is Rs 350 per sq.ft as per the 2024 revision, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Aishwarya Nagar has changed

Since the 2012 revision, the guideline value for Aishwarya Nagar has remained stable at Rs 350 per sq.ft, with no change observed between the 2012 and 2024 revisions. Prior to this, the 2017 revision recorded a guideline value of Rs 234 per sq.ft, reflecting a 50% increase to Rs 350 per sq.ft in the 2023 revision. The register has no figures for the years 2002, 2003, and 2007.

The 2012 revision also marked a value of Rs 350 per sq.ft, indicating a decrease of 33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has shown no change, remaining at Rs 350 per sq.ft.

Guideline values in Vadamelpakkam

In Vadamelpakkam, there are 19 streets under the Gooduvancheri SRO that carry a guideline value for 2024, ranging from Rs 350 to Rs 1,000 per sq.ft. The median guideline value for these streets is Rs 350 per sq.ft, which is equal to the current value for Aishwarya Nagar.

• Anna Nagar: Rs 350 per sq.ft (2024)
• Anna Nagar Annex: Rs 350 per sq.ft (2024)
• D.J.M. Nagar: Rs 350 per sq.ft (2024)
• Galaxy Divine castle: Rs 650 per sq.ft (2024)
• Ganthi Nagar: Rs 350 per sq.ft (2024)
• Kannaya Garden: Rs 975 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 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, bringing the total costs together to Rs 31,500. It is important to note that the stamp 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 details.

Which Sub Registrar Office covers Aishwarya Nagar?

The Aishwarya Nagar area falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Vadamelpakkam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that both parties are aware of the official value assigned to the property.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable charges. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Aishwarya Nagar?

The current guideline value of Aishwarya Nagar is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 350 per sq.ft since the 2012 revision, with a significant increase of 50% from Rs 234 per sq.ft in 2017 to Rs 350 per sq.ft in 2023.

What is the land classification for Aishwarya Nagar?

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

What are the stamp duty rates in Aishwarya Nagar?

The stamp duty rate in Aishwarya Nagar is 7%, while the registration fee is 2% of the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Aishwarya Nagar?

The Gooduvancheri Sub Registrar Office handles property registrations for Aishwarya Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.