Guideline Value for Asina nagar

Asina nagar guideline value

The current guideline value of Asina nagar is Rs 210 per sq.ft, effective from 1 July 2024. This area is located in Nemili village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Asina nagar has changed

The guideline value for Asina nagar has seen several revisions over the years. In 2012, the value was set at Rs 200 per sq.ft, which then decreased to Rs 134 per sq.ft in 2017. Following this, the value increased significantly to Rs 200 per sq.ft in 2023 and further rose to Rs 210 per sq.ft in the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. The overall change from 2012 to 2024 shows a slight increase of 5% in the guideline value of Asina nagar.

Guideline values in Nemili

In Nemili, there are 66 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,000 per sq.ft. The median guideline value in this area is Rs 250 per sq.ft, placing Asina nagar's current value below that median.

• Bajanai Koil Cross Street: Rs 210 per sq.ft (2024)
• Bajanai Koil Street: Rs 250 per sq.ft (2024)
• Balaji Nagar: Rs 300 per sq.ft (2024)
• Benzigar Nagar: Rs 250 per sq.ft (2024)
• Bhagavathy Nagar: Rs 210 per sq.ft (2024)
• Bharathi Nagar: Rs 210 per sq.ft (2024)

Stamp duty and registration fee for property in Asina nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 210 per sq.ft, the total guideline value comes to Rs 2,10,000. The stamp duty at 7% would amount to Rs 14,700, while the registration fee at 2% would be Rs 4,200, bringing the total to Rs 18,900. Please note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Asina nagar?

The Sub Registrar Office that covers Asina nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor in property transactions in Nemili, as it determines the minimum price at which a property can be registered. When buying or selling a property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for the transfer of property ownership.

It is important to note that the guideline value is updated periodically, and these updates reflect changes in the real estate market. Buyers and sellers should always refer to the latest guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Asina nagar?

The current guideline value of Asina nagar is Rs 210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then to Rs 200 per sq.ft in 2023, and finally to Rs 210 per sq.ft in 2024.

What is the land classification of Asina nagar?

Asina nagar is classified as Residential Class III Type - I according to the local land classification guidelines.

Where can I find the Sub Registrar Office for Asina nagar?

The Sub Registrar Office for Asina nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for property in Asina nagar?

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 Rs 210 per sq.ft, the total guideline value is Rs 2,10,000, leading to a stamp duty of Rs 14,700.