Guideline Value for Asian garden

Asian garden guideline value

The current guideline value of Asian garden, located in Ambattur village under the Ambattur SRO, is Rs 3,600 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Asian garden has changed

The guideline value for Asian garden has seen several revisions over the years. In 2012, the value was Rs 3,300 per sq.ft, which then decreased to Rs 2,211 per sq.ft in 2017. Following this, the value increased significantly to Rs 3,300 per sq.ft in 2023 and reached Rs 3,600 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 9%. The changes between the revisions show a 49% increase from 2017 to 2023, while the 2012 to 2017 revision saw a decrease of 33%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur village, there are 448 streets under the Ambattur SRO, with the 2024 guideline values ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median value is Rs 3,600 per sq.ft, which is the same as the guideline value for Asian garden.

• Athaiaman Street: Rs 1,600 per sq.ft (2024)
• Athipattu Kalaivanar Nagr (TNSCB): Rs 3,400 per sq.ft (2024)
• Athipattu Road: Rs 3,600 per sq.ft (2024)
• Ayappakkam Road: Rs 2,800 per sq.ft (2024)
• Arumuga Nagar: Rs 2,200 per sq.ft (2024)
• Ayyappan Street (Ramapuram): Rs 3,600 per sq.ft (2024)

Stamp duty and registration fee for property in Asian garden

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the total guideline value would be Rs 36,00,000. The stamp duty at 7% would be Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, totaling Rs 3,24,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Asian garden?

The Sub Registrar Office that covers Asian garden is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Ambattur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When buying or selling property, it is essential to consider the guideline value as it influences the overall cost of the transaction. Buyers and sellers should ensure they are aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Asian garden?

The current guideline value of Asian garden is Rs 3,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,300 per sq.ft in 2012 to Rs 2,211 per sq.ft in 2017, then increased to Rs 3,300 per sq.ft in 2023, and finally to Rs 3,600 per sq.ft in 2024.

What is the land classification of Asian garden?

Asian garden is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Asian garden?

The Sub Registrar Office for Asian garden is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Asian garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 3,600 per sq.ft, the total guideline value would be Rs 36,00,000, leading to a stamp duty of Rs 2,52,000.