Guideline Value for Ashwini Airport City Phase-I II III

Ashwini Airport City Phase-I II III guideline value

The current guideline value for Ashwini Airport City Phase-I II III is Rs 350 per sq.ft. This property is located in MummoodiKuppam village, under the jurisdiction of the Sunguvarchattram SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Ashwini Airport City Phase-I II III has changed

The guideline value for Ashwini Airport City Phase-I II III has undergone several revisions over the years. The oldest recorded revision is from 2017, where the guideline value was Rs 234 per sq.ft. This figure increased by 50% to Rs 350 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision, reflecting a 0% change from the previous year.

In summary, from the 2017 revision to the 2024 revision, the guideline value increased by 50%. It is important to note that there are no recorded figures for this street in the revisions from 2002, 2003, 2007, and 2012.

Guideline values in MummoodiKuppam

In MummoodiKuppam, there are 9 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 126 to Rs 350 per sq.ft. The median guideline value in this village is Rs 150 per sq.ft, placing Ashwini Airport City Phase-I II III above this median.

• Kizhandai First Street: Rs 150 per sq.ft (2024)
• Kizhandai Second Street: Rs 150 per sq.ft (2024)
• Kizhandai Third Street: Rs 150 per sq.ft (2024)
• Mummoodikuppam Colony: Rs 126 per sq.ft (2024)
• Pallaikara Street: Rs 175 per sq.ft (2024)
• Perumal Kovil Street: Rs 175 per sq.ft (2024)

Stamp duty and registration fee for property in Ashwini Airport City Phase-I II III

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value would be Rs 3,50,000. The stamp duty at 7% would amount to Rs 24,500, and the registration fee at 2% would be Rs 7,000, bringing the total to Rs 31,500. It is important to note that the 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 Ashwini Airport City Phase-I II III?

The Ashwini Airport City Phase-I II III is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in MummoodiKuppam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When registering a property, the guideline value or the sale price is considered, whichever is higher, ensuring that the applicable fees are calculated accurately based on the value of the property.

Frequently asked questions

What is the current guideline value for Ashwini Airport City Phase-I II III?

The current guideline value for Ashwini Airport City Phase-I II III is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 234 per sq.ft in 2017 to Rs 350 per sq.ft in 2023, remaining unchanged in 2024. This represents a 50% increase from 2017 to 2024.

What is the median guideline value in MummoodiKuppam?

The median guideline value in MummoodiKuppam is Rs 150 per sq.ft. Ashwini Airport City Phase-I II III's guideline value is above this median.

What are the stamp duty and registration fees for a property in Ashwini Airport City Phase-I II III?

For a 1,000 sq.ft plot valued at Rs 3,50,000, the stamp duty is Rs 24,500 and the registration fee is Rs 7,000, totaling Rs 31,500. These fees are based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ashwini Airport City Phase-I II III?

The Sub Registrar Office covering Ashwini Airport City Phase-I II III is the Sunguvarchattram SRO, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.