Guideline Value for Asiriyar Nagar 14th Street

Asiriyar Nagar 14th Street guideline value

The current guideline value of Asiriyar Nagar 14th Street is Rs 600 per sq.ft. This street is located in Thirukalukundrem A village, under the Thirukazhukundram SRO, and is classified as Residential Class I Type - III.

How the guideline value of Asiriyar Nagar 14th Street has changed

Since the 2017 revision, the guideline value for Asiriyar Nagar 14th Street has increased from Rs 402 per sq.ft to Rs 600 per sq.ft in the 2024 revision, marking a change of 49%. The 2023 revision also recorded the same value of Rs 600 per sq.ft, indicating no change from the previous year.

The register has no figures for the revisions in 2002, 2003, 2007, and 2012 for this street. Therefore, the only available revisions are from 2017, 2023, and the current 2024 revision, with the overall change from 2017 to 2024 being a consistent increase of 49%.

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 is Rs 600 per sq.ft, which is equal to the current figure for Asiriyar Nagar 14th Street.

• Asiriyar Nagar 13th Street: Rs 600 per sq.ft (2024)
• Asiriyar Nagar 15th Street: Rs 600 per sq.ft (2024)
• Asiriyar Nagar 12th Cross Street: Rs 400 per sq.ft (2024)
• Asiriyar Nagar 16th Street: Rs 600 per sq.ft (2024)
• Asiriyar Nagar 11th Cross Street: Rs 400 per sq.ft (2024)
• Asiriyar Nagar 1st Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Asiriyar Nagar 14th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, while the registration fee at 2% would be Rs 12,000, bringing the total cost for these fees to Rs 54,000. 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 14th Street?

The Sub Registrar Office that covers Asiriyar Nagar 14th 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 critical factor in 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 sold, the guideline value is used to calculate the fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction. This process helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Asiriyar Nagar 14th Street?

The current guideline value of Asiriyar Nagar 14th Street is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2024, marking a 49% increase. The value remained the same at Rs 600 per sq.ft from 2023 to 2024.

What are the other streets in Thirukalukundrem A with similar guideline values?

Other streets in Thirukalukundrem A with a guideline value of Rs 600 per sq.ft include Asiriyar Nagar 13th Street, Asiriyar Nagar 15th Street, Asiriyar Nagar 16th Street, and Asiriyar Nagar 1st Street.

What fees are associated with buying property in Asiriyar Nagar 14th Street?

When buying property in Asiriyar Nagar 14th Street, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Asiriyar Nagar 14th Street?

The Sub Registrar Office for Asiriyar Nagar 14th Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.