Guideline Value for Ashirvathapuram 2nd strret

Ashirvathapuram 2nd strret guideline value

The current guideline value of Ashirvathapuram 2nd strret is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Vepery village under the Periamet SRO, classified as Residential Class III Type - III.

How the guideline value of Ashirvathapuram 2nd strret has changed

The guideline value for Ashirvathapuram 2nd strret has undergone several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased dramatically to Rs 3,000 per sq.ft in 2012, marking a 400% rise. However, it then saw a decrease to Rs 2,010 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 3,000 per sq.ft in 2023, before reaching the current figure of Rs 3,300 per sq.ft in 2024, reflecting a 10% increase.

Between 2017 and 2023, the value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 450%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Vepery

In Vepery, there are 290 streets under the Periamet SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 22,000 per sq.ft, with a median of Rs 4,800 per sq.ft. The guideline value of Ashirvathapuram 2nd strret is below this median.

• Ashirvathapuram 1st street: Rs 3,300 per sq.ft (2024)
• Ashirvathapuram 3rd strret: Rs 3,300 per sq.ft (2024)
• Ashirvathapuram 4nd strret: Rs 3,300 per sq.ft (2024)
• Ashirvathapuram 5th strret: Rs 3,300 per sq.ft (2024)
• Ashirvathapuram 6thstrret: Rs 3,300 per sq.ft (2024)
• Arunchala Pillai Street: Rs 6,000 per sq.ft (2024)

Stamp duty and registration fee for property in Ashirvathapuram 2nd strret

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the 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, totaling Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ashirvathapuram 2nd strret?

The Sub Registrar Office that covers Ashirvathapuram 2nd strret is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Vepery. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, both parties must be aware of the guideline value, as it affects the overall transaction costs. It is essential to consult the latest figures to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Ashirvathapuram 2nd strret?

The current guideline value of Ashirvathapuram 2nd strret 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 changed from Rs 600 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 450% over the years.

What is the land classification for Ashirvathapuram 2nd strret?

Ashirvathapuram 2nd strret is classified as Residential Class III Type - III.

Which office handles registrations for Ashirvathapuram 2nd strret?

The Periamet Sub Registrar Office handles registrations for Ashirvathapuram 2nd strret, located at 1103, Poonamallee High Road, Chennai-600 003.

How is stamp duty calculated for properties in Ashirvathapuram 2nd strret?

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