Guideline Value for Asiriyar Colony Maraimalai Adigal Street

Asiriyar Colony Maraimalai Adigal Street guideline value

The current guideline value of Asiriyar Colony Maraimalai Adigal Street is Rs 3,200 per sq.ft, effective from 1 July 2024. This street is located in Perambur village and falls under the Purasaivakkam SRO. The land classification is Residential Class III Type - I.

How the guideline value of Asiriyar Colony Maraimalai Adigal Street has changed

The guideline value for Asiriyar Colony Maraimalai Adigal Street has undergone several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which was then decreased to Rs 2,010 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 3,000 per sq.ft, and the most recent 2024 revision raised it to Rs 3,200 per sq.ft. The register has no figure for this street in the years 2002, 2003, and 2007.

From 2012 to 2017, there was a significant decrease of 33%. However, from 2017 to 2023, the guideline value increased by 49%. The change from 2023 to 2024 reflects a 7% increase. Overall, from 2012 to 2024, the guideline value has increased by 7%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO with a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, making the 2024 guideline value of Asiriyar Colony Maraimalai Adigal Street above this median.

• Asiriar Street: Rs 5,400 per sq.ft (2024)
• Asiriyar Velayutham Street: Rs 3,800 per sq.ft (2024)
• Arunthathipuram: Rs 2,200 per sq.ft (2024)
• Avvai Nagar: Rs 3,800 per sq.ft (2024)
• Avvai Nagar 1st Street: Rs 3,800 per sq.ft (2024)
• Avvai Nagar 2nd Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Asiriyar Colony Maraimalai Adigal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,200 per sq.ft, the total guideline value amounts to Rs 32,00,000. The stamp duty at 7% would be Rs 2,24,000, and the registration fee at 2% would be Rs 64,000, bringing the total fees to Rs 2,88,000. 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 Asiriyar Colony Maraimalai Adigal Street?

The Sub Registrar Office that covers Asiriyar Colony Maraimalai Adigal Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Perambur. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Asiriyar Colony Maraimalai Adigal Street?

The current guideline value of Asiriyar Colony Maraimalai Adigal Street is Rs 3,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2023 to Rs 3,200 per sq.ft in 2024, marking a 7% increase. It was Rs 2,010 per sq.ft in 2017 and Rs 3,000 per sq.ft in 2012.

What is the land classification for this street?

The land classification for Asiriyar Colony Maraimalai Adigal Street is Residential Class III Type - I.

Which Sub Registrar Office handles registrations for this street?

The Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, handles registrations for Asiriyar Colony Maraimalai Adigal Street.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 32,00,000 would incur a stamp duty of Rs 2,24,000 at 7%.