Guideline Value for Aishwarya Nagar

Aishwarya Nagar guideline value

The current guideline value of Aishwarya Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Salamangalam village under the Sriperumpudur SRO, classified as Residential Class I 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 400 per sq.ft as of the 2024 revision. Prior to this, the 2017 revision recorded a guideline value of Rs 268 per sq.ft, showing a significant increase of 49% to reach the 2023 figure of Rs 400 per sq.ft. The revisions for the years 2002, 2003, and 2007 have no figures listed for this street.

In the 2012 revision, the guideline value was Rs 400 per sq.ft, which remained unchanged until the 2024 revision. The change from 2012 to 2017 saw a decrease of 33%, but overall, the guideline value from 2012 to 2024 reflects no change, remaining at Rs 400 per sq.ft.

Guideline values in Salamangalam

In Salamangalam, there are 59 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 3,100 per sq.ft. The median guideline value in this area is Rs 500 per sq.ft, which means Aishwarya Nagar's 2024 figure is below that median.

• Alamelumangapuram colony: Rs 601 per sq.ft (2024)
• Anantham Nagar: Rs 550 per sq.ft (2024)
• Anna Nagar: Rs 500 per sq.ft (2024)
• Astro Gardens: Rs 400 per sq.ft (2024)
• Bajanai Koil street: Rs 300 per sq.ft (2024)
• Bhavani Nagar: Rs 400 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 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. 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 details.

Which Sub Registrar Office covers Aishwarya Nagar?

The Aishwarya Nagar area falls under the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Salamangalam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the official valuation of the property, which can influence the overall transaction process. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations and accurate financial planning.

Frequently asked questions

What is the current guideline value of Aishwarya Nagar?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft since the 2012 revision, with a significant increase of 49% from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023.

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 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is 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, for a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 at a rate of 7%.