Guideline Value for Ashirvathapuram 3rd strret

Ashirvathapuram 3rd strret guideline value

The current guideline value of Ashirvathapuram 3rd 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 3rd strret has changed

The guideline value for Ashirvathapuram 3rd strret has undergone several revisions since 2007. The 2007 revision set the value at Rs 600 per sq.ft, which saw a significant increase of 400% to Rs 3,000 per sq.ft in the 2012 revision. However, in the 2017 revision, the value decreased by 33% to Rs 2,010 per sq.ft. Following this, the 2023 revision raised it to Rs 3,000 per sq.ft, and the most recent 2024 revision has further increased it by 10% to the current value of Rs 3,300 per sq.ft.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Vepery

In Vepery, there are 290 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 22,000 per sq.ft. The median value for these streets is Rs 4,800 per sq.ft, indicating that Ashirvathapuram 3rd strret's 2024 figure is below this median.

• Ashirvathapuram 2nd strret: Rs 3,300 per sq.ft (2024)
• Ashirvathapuram 4nd strret: Rs 3,300 per sq.ft (2024)
• Ashirvathapuram 1st street: 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 3rd strret

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ashirvathapuram 3rd strret?

The Sub Registrar Office that covers Ashirvathapuram 3rd 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 during the registration of property transactions in Vepery. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Ashirvathapuram 3rd strret?

The current guideline value of Ashirvathapuram 3rd 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 significantly, increasing from Rs 600 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 450%.

What is the classification of land in Ashirvathapuram 3rd strret?

Ashirvathapuram 3rd strret is classified as Residential Class III Type - III.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations for Ashirvathapuram 3rd strret?

The Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003, handles registrations for Ashirvathapuram 3rd strret.