Guideline Value for Aishwaryam Garden

Aishwaryam Garden guideline value

The current guideline value of Aishwaryam Garden, located in Nedunkumdram village under the Tambaram Joint 1 SRO, is Rs 3,300 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class II Type - IV land classification.

How the guideline value of Aishwaryam Garden has changed

The guideline value for Aishwaryam Garden has undergone several revisions over the years. The 2017 revision set the value at Rs 2,000 per sq.ft, which increased to Rs 3,000 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the guideline value to Rs 3,300 per sq.ft, marking a 10% increase from the previous year and a significant 65% increase from 2017.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 50%, indicating a steady rise in the guideline value over the years.

Guideline values in Nedunkumdram

Nedunkumdram village has a total of 75 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 330 to Rs 5,300 per sq.ft as of 2024. The median guideline value in the village is Rs 2,200 per sq.ft, placing Aishwaryam Garden's 2024 figure above this median.

• Akshaya Garden: Rs 3,300 per sq.ft (2024)
• Ashok Nagar: Rs 1,100 per sq.ft (2024)
• Ashok Nandhavanam: Rs 1,440 per sq.ft (2024)
• Auris: Rs 3,080 per sq.ft (2024)
• Balasubramaniyam Nagar Phase II: Rs 2,750 per sq.ft (2024)
• Casagrand Vistaaz: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Aishwaryam Garden

For a 1,000 sq.ft plot in Aishwaryam Garden at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost for stamp duty and registration to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Aishwaryam Garden?

The Sub Registrar Office that covers Aishwaryam Garden is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Nedunkumdram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements during the transaction.

When a property is sold, the guideline value is used to assess the applicable charges, which are calculated based on the higher of the guideline value or the actual sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Aishwaryam Garden?

The current guideline value of Aishwaryam Garden is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,000 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024, which is a total increase of 65% over this period.

What is the land classification for Aishwaryam Garden?

Aishwaryam Garden falls under the Residential Class II Type - IV land classification.

Where can I find the Sub Registrar Office for Aishwaryam Garden?

The Sub Registrar Office for Aishwaryam Garden is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in Aishwaryam Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at 7%.