Guideline Value for Ashirvathapuram 6thstrret

Ashirvathapuram 6thstrret guideline value

The current guideline value of Ashirvathapuram 6thstrret is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Vepery village and falls under the Periamet SRO. The land classification for this area is Residential Class III Type - III.

How the guideline value of Ashirvathapuram 6thstrret has changed

The guideline value for Ashirvathapuram 6thstrret has undergone several revisions over the years. The earliest recorded revision is from 2007, where the value was Rs 600 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a 400% rise. However, in 2017, the value decreased to Rs 2,010 per sq.ft, a reduction of 33%. The value then 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. Notably, the register has no figures for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 450%. The changes between the revisions indicate fluctuations in the guideline value, with the most significant increase occurring between 2007 and 2012 and the most recent increase from 2023 to 2024 being a modest 10%.

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 guideline value in this area is Rs 4,800 per sq.ft, meaning Ashirvathapuram 6thstrret's current value is below this median.

• Ashirvathapuram 5th strret: Rs 3,300 per sq.ft (2024)
• Ashirvathapuram 4nd strret: Rs 3,300 per sq.ft (2024)
• Ashirvathapuram 3rd strret: Rs 3,300 per sq.ft (2024)
• Ashirvathapuram 2nd strret: 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 6thstrret

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, while 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 more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ashirvathapuram 6thstrret?

The Sub Registrar Office that covers Ashirvathapuram 6thstrret 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

When buying or selling property in Vepery, the guideline value is a crucial factor in determining the stamp duty and registration fees. The guideline value serves as a benchmark for the minimum value at which the property should be registered, ensuring that the transaction is documented accurately.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. Proper understanding of these values can help in making informed decisions during the property registration process.

Frequently asked questions

What is the current guideline value of Ashirvathapuram 6thstrret?

The current guideline value of Ashirvathapuram 6thstrret 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, reflecting an overall increase of 450% over this period.

What is the land classification for Ashirvathapuram 6thstrret?

Ashirvathapuram 6thstrret is classified as Residential Class III Type - III.

What are the stamp duty and registration fees for property 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 the registration for Ashirvathapuram 6thstrret?

The registration for Ashirvathapuram 6thstrret is handled by the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.