Guideline Value for Asiriyar Nagar 16th Street

Asiriyar Nagar 16th Street guideline value

The current guideline value of Asiriyar Nagar 16th Street is Rs 600 per sq.ft. This street is located in Thirukalukundrem A village, under the Thirukazhukundram SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Asiriyar Nagar 16th Street has changed

The guideline value for Asiriyar Nagar 16th Street has remained unchanged at Rs 600 per sq.ft from the 2023 revision to the 2024 revision. Prior to this, the value was Rs 402 per sq.ft in the 2017 revision, marking a 49% increase over the six-year period from 2017 to 2023, and an overall increase of 49% from 2017 to 2024.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2012. The 2024 and 2023 revisions both reflect a guideline value of Rs 600 per sq.ft, indicating stability in the valuation for this street in recent years.

Guideline values in Thirukalukundrem A

Thirukalukundrem A has a total of 149 streets under the Thirukazhukundram SRO with guideline values ranging from Rs 300 to Rs 1,344 per sq.ft. The median guideline value for these streets is Rs 600 per sq.ft, which is equal to the 2024 figure for Asiriyar Nagar 16th Street.

• Asiriyar Nagar 15th Street: Rs 600 per sq.ft (2024)
• Asiriyar Nagar 1st Street: Rs 600 per sq.ft (2024)
• Asiriyar Nagar 14th Street: Rs 600 per sq.ft (2024)
• Asiriyar Nagar 2st Street: Rs 600 per sq.ft (2024)
• Asiriyar Nagar 13th Street: Rs 600 per sq.ft (2024)
• Asiriyar Nagar 3st Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Asiriyar Nagar 16th Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, making a total of Rs 54,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Asiriyar Nagar 16th Street?

The Sub Registrar Office that covers Asiriyar Nagar 16th 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 the registration process for property transactions in Thirukalukundrem A. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation set by the government.

When buying or selling property, the guideline value helps both parties understand the minimum value for which the property can be registered. This ensures transparency in transactions and helps maintain a record of property values in the area.

Frequently asked questions

What is the current guideline value of Asiriyar Nagar 16th Street?

The current guideline value of Asiriyar Nagar 16th Street is Rs 600 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

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

What is the land classification for Asiriyar Nagar 16th Street?

The land classification for Asiriyar Nagar 16th Street is Residential Class I Type - III, indicating its designation for residential purposes.

Which Sub Registrar Office covers this area?

The Thirukazhukundram Sub Registrar Office covers Asiriyar Nagar 16th Street, located at Thiruchengode - 637 211, Chengalpattu registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 at 7%.