Guideline Value for Aiswariya Nagar

Aiswariya Nagar guideline value

The current guideline value of Aiswariya Nagar 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 has changed

The guideline value for Aiswariya Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 1,943 per sq.ft, which increased to Rs 2,900 per sq.ft in 2023, marking a significant increase of 49%. The latest revision in 2024 raised the value further to Rs 3,100 per sq.ft, reflecting a 7% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 60%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in 44.Ayanambakkam

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

• Aishwarya Nagar Extension: Rs 4,777 per sq.ft (2024)
• Aiswariya Nagar Extn.,: Rs 3,100 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

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

Which Sub Registrar Office covers Aiswariya Nagar?

Aiswariya Nagar falls under the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for additional assistance.

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

The guideline value is a crucial factor in the registration process of property transactions in 44.Ayanambakkam. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated.

When buying or selling property, the guideline value helps ensure that the transaction is registered at a fair value, aligning with the official rates set by the Registration Department. This process helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Aiswariya Nagar?

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

How has the guideline value changed over the years?

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

What are the stamp duty and registration fees for properties in Aiswariya Nagar?

For a property valued at Rs 31,00,000, the stamp duty would be Rs 2,17,000 and the registration fee would be Rs 62,000, totaling Rs 2,79,000.

Which office handles the registration for Aiswariya Nagar?

The Konnur Sub Registrar Office handles registrations for Aiswariya Nagar, located at Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the median guideline value in 44.Ayanambakkam?

The median guideline value in 44.Ayanambakkam is Rs 1,300 per sq.ft, with Aiswariya Nagar's value being above this median.