Guideline Value for Asiriyar Nagar 12th Cross Street

Asiriyar Nagar 12th Cross Street guideline value

The current guideline value of Asiriyar Nagar 12th 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, classified as Residential Class IV Type - I.

How the guideline value of Asiriyar Nagar 12th Cross Street has changed

In the 2017 revision, the guideline value was set at Rs 268 per sq.ft. This remained unchanged in the 2023 revision, which also recorded a value of Rs 400 per sq.ft. The most recent revision in 2024 has kept this figure at Rs 400 per sq.ft, indicating no change from the previous year. The register has no figure for the years 2002, 2003, 2007, and 2012 for this street.

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

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO with a 2024 guideline value ranging from Rs 300 to Rs 1,344 per sq.ft, with a median value of Rs 600 per sq.ft. Asiriyar Nagar 12th Cross Street's 2024 guideline value is below this median.

• Asiriyar Nagar 11th Cross Street: Rs 400 per sq.ft (2024)
• Asiriyar Nagar 13th Street: Rs 600 per sq.ft (2024)
• Asiriyar Nagar 10th Cross Street: Rs 400 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 12th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Asiriyar Nagar 12th Cross Street?

The Sub Registrar Office that covers Asiriyar Nagar 12th Cross Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it directly impacts the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value serves as a benchmark for assessing the transaction's legitimacy. If the sale price is lower than the guideline value, the stamp duty is calculated based on the guideline value to ensure compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Asiriyar Nagar 12th Cross Street?

The current guideline value of Asiriyar Nagar 12th Cross Street is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49%, from Rs 268 per sq.ft to Rs 400 per sq.ft. There was no change in the value between the 2023 and 2024 revisions.

What is the median guideline value in Thirukalukundrem A?

The median guideline value in Thirukalukundrem A is Rs 600 per sq.ft. Asiriyar Nagar 12th Cross Street's 2024 guideline value is below this median.

What are the stamp duty and registration fees for properties in this area?

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

Which office handles registrations for Asiriyar Nagar 12th Cross Street?

The Thirukazhukundram Sub Registrar Office handles registrations for Asiriyar Nagar 12th Cross Street, located at Thiruchengode - 637 211, Chengalpattu registration zone.