Guideline Value for Asiriyar Nagar 10th Cross Street

Asiriyar Nagar 10th Cross Street guideline value

The current guideline value of Asiriyar Nagar 10th Cross Street is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village, under the Thirukazhukundram SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Asiriyar Nagar 10th Cross Street has changed

The guideline value for Asiriyar Nagar 10th Cross Street has undergone several revisions over the years. The register shows no figures for the years 2002, 2003, 2007, and 2012. The 2017 revision set the value at Rs 268 per sq.ft, which remained unchanged at Rs 400 per sq.ft in the 2023 revision. The 2024 revision also maintains this value at Rs 400 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, there was a significant increase of 49%, bringing the value from Rs 268 per sq.ft to Rs 400 per sq.ft. Overall, from 2017 to 2024, the guideline value has increased by 49% as well, maintaining the same rate since 2023.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 1,344 per sq.ft. The median guideline value in this area is Rs 600 per sq.ft, placing Asiriyar Nagar 10th Cross Street's value below this median.

• Asiriyar Nagar 11th Cross Street: Rs 400 per sq.ft (2024)
• Asiriyar Nagar 12th Cross Street: Rs 400 per sq.ft (2024)
• Asiriyar Nagar 13th Street: Rs 600 per sq.ft (2024)
• Asiriyar Nagar 14th Street: Rs 600 per sq.ft (2024)
• Asiriyar Nagar 15th Street: Rs 600 per sq.ft (2024)
• Asiriyar Nagar 16th Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Asiriyar Nagar 10th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty, charged at 7%, would amount to Rs 28,000, while the registration fee at 2% would be Rs 8,000, bringing the total fees together to Rs 36,000. 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 Asiriyar Nagar 10th Cross Street?

The Sub Registrar Office that covers Asiriyar Nagar 10th Cross Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Thirukalukundrem A. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

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 based on the property's value.

Frequently asked questions

What is the current guideline value of Asiriyar Nagar 10th Cross Street?

The current guideline value of Asiriyar Nagar 10th Cross Street is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft since the 2023 revision. It increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, marking a 49% increase over that period.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000. These fees are calculated based on the higher of the guideline value or the sale price.

Which Sub Registrar Office handles registrations for Asiriyar Nagar 10th Cross Street?

The Thirukazhukundram Sub Registrar Office handles registrations for Asiriyar Nagar 10th Cross Street, located at Thiruchengode - 637 211, Chengalpattu registration zone.

What is the median guideline value in Thirukalukundrem A?

The median guideline value in Thirukalukundrem A is Rs 600 per sq.ft, which is higher than the current guideline value of Rs 400 per sq.ft for Asiriyar Nagar 10th Cross Street.