Guideline Value for Aiswariya Nagar Extn.,

Aiswariya Nagar Extn., guideline value

The current guideline value of Aiswariya Nagar Extn. is Rs 3,100 per sq.ft, effective from 1 July 2024. This area is located in 44.Ayanambakkam village under the Konnur SRO, classified as Residential Special Type - I.

How the guideline value of Aiswariya Nagar Extn., has changed

The guideline value for Aiswariya Nagar Extn. has seen significant changes over the years. The most recent revision in 2024 set the value at Rs 3,100 per sq.ft, which is an increase from Rs 2,900 per sq.ft in 2023, marking a rise of 7%. Looking further back, the value was Rs 1,943 per sq.ft in 2017, indicating a substantial increase of 49% over the six years to 2023. Overall, from 2017 to 2024, the guideline value has increased by 60%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in 44.Ayanambakkam

In the 44.Ayanambakkam village, there are 157 streets under the Konnur SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 9,702 per sq.ft, with a median value of Rs 1,300 per sq.ft. Aiswariya Nagar Extn.'s 2024 figure of Rs 3,100 per sq.ft is above this median.

• Aiswariya Nagar: Rs 3,100 per sq.ft (2024)
• Aishwarya Nagar Extension: Rs 4,777 per sq.ft (2024)
• A.K.S. Sherinity: Rs 3,100 per sq.ft (2024)
• Aghragaram Street: Rs 1,100 per sq.ft (2024)
• Aghragaram salai: Rs 1,100 per sq.ft (2024)
• Aghragaram Cross Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Aiswariya Nagar Extn.,

For a 1,000 sq.ft plot at the current guideline value of Rs 3,100 per sq.ft, the total guideline value amounts to Rs 31,00,000. The stamp duty at 7% would be Rs 2,17,000, and the registration fee at 2% would be Rs 62,000, bringing the total to Rs 2,79,000. Please 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 information.

Which Sub Registrar Office covers Aiswariya Nagar Extn.,?

The Sub Registrar Office covering Aiswariya Nagar Extn. is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is an important factor during the registration of property transactions in 44.Ayanambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that transactions are conducted fairly and transparently.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Aiswariya Nagar Extn.?

The current guideline value of Aiswariya Nagar Extn. is Rs 3,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,943 per sq.ft to Rs 3,100 per sq.ft in 2024, marking an overall increase of 60%.

What is the land classification for Aiswariya Nagar Extn.?

Aiswariya Nagar Extn. is classified as Residential Special Type - I under the Konnur SRO.

Where can I find the registration office for Aiswariya Nagar Extn.?

The registration office for Aiswariya Nagar Extn. is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is the stamp duty calculated for properties in Aiswariya Nagar Extn.?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a plot valued at Rs 31,00,000 would incur a stamp duty of Rs 2,17,000 at 7%.