Guideline Value for Asariyar street

Asariyar street guideline value

The current guideline value of Asariyar street in Poonthandalam village is Rs 330 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of Asariyar street has changed

The guideline value for Asariyar street has seen several revisions over the years. In 2012, the value was Rs 300 per sq.ft, which decreased to Rs 201 per sq.ft in 2017. Following this, the value increased significantly to Rs 300 per sq.ft in 2023. The latest revision in 2024 set the value at Rs 330 per sq.ft, representing a 10% increase from the previous year.

From 2012 to 2017, the guideline value decreased by 33%, but from 2017 to 2023, it rose by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Poonthandalam

In Poonthandalam, there are 9 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 550 per sq.ft. The median value is Rs 330 per sq.ft, which is equal to the current value of Asariyar street.

• Baba koil street: Rs 330 per sq.ft (2024)
• Bajanai Koil Street: Rs 550 per sq.ft (2024)
• Gangaiamman koil street: Rs 330 per sq.ft (2024)
• Parathapper amman koil street: Rs 330 per sq.ft (2024)
• Perumal koil street: Rs 330 per sq.ft (2024)
• Pillayar koil street: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Asariyar street

For a 1,000 sq.ft plot at the current rate of Rs 330 per sq.ft, the guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, making the total Rs 29,700. It is important to note that 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 Asariyar street?

The Sub Registrar Office that covers Asariyar street 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 information.

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

The guideline value plays a crucial role during the registration of property transactions in Poonthandalam. It is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value is typically referenced to determine the minimum value for registration purposes. This ensures that all transactions are recorded at a fair and standardized value, protecting both buyers and sellers.

Frequently asked questions

What is the current guideline value of Asariyar street?

The current guideline value of Asariyar street is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then increased to Rs 300 per sq.ft in 2023, and finally to Rs 330 per sq.ft in 2024.

What is the land classification for Asariyar street?

Asariyar street is classified as Residential Class I Type - III.

What is the registration office for Asariyar street?

The registration office for Asariyar street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is stamp duty calculated for properties in Poonthandalam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 3,30,000, the stamp duty would be Rs 23,100 at a rate of 7%.