Guideline Value for Ashirvathapuram 4nd strret

Ashirvathapuram 4nd strret guideline value

The current guideline value of Ashirvathapuram 4nd strret is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Vepery village under the Periamet Sub Registrar Office (SRO) and falls under Residential Class III Type - III land classification.

How the guideline value of Ashirvathapuram 4nd strret has changed

The guideline value for Ashirvathapuram 4nd strret has seen several revisions over the years. The earliest recorded revision was in 2007, where the guideline value was Rs 600 per sq.ft. This figure increased significantly to Rs 3,000 per sq.ft in 2012, marking a 400% rise. However, it then decreased to Rs 2,010 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 3,000 per sq.ft in 2023, and currently stands at Rs 3,300 per sq.ft as of the 2024 revision, reflecting a 10% increase from the previous year.

There are no recorded figures 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, with guideline values ranging from Rs 2,200 to Rs 22,000 per sq.ft. The median value among these streets is Rs 4,800 per sq.ft, placing Ashirvathapuram 4nd strret's 2024 value below that median.

• Ashirvathapuram 3rd strret: Rs 3,300 per sq.ft (2024)
• Ashirvathapuram 5th strret: Rs 3,300 per sq.ft (2024)
• Ashirvathapuram 2nd strret: Rs 3,300 per sq.ft (2024)
• Ashirvathapuram 6thstrret: Rs 3,300 per sq.ft (2024)
• Ashirvathapuram 1st street: 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 4nd 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 cost for these fees to Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ashirvathapuram 4nd strret?

The Sub Registrar Office that covers Ashirvathapuram 4nd strret is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Vepery. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When a property is registered, the guideline value is compared with 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 from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ashirvathapuram 4nd strret?

The current guideline value of Ashirvathapuram 4nd 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 several times, starting from Rs 600 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking a total increase of 450% over the years.

What are the stamp duty and registration fees for property in Ashirvathapuram 4nd strret?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, these fees total Rs 2,97,000.

Which office handles the registration for Ashirvathapuram 4nd strret?

The registration for Ashirvathapuram 4nd strret is handled by the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

What is the land classification for Ashirvathapuram 4nd strret?

Ashirvathapuram 4nd strret falls under Residential Class III Type - III land classification.