Guideline Value for Asiriyar Nagar 2st Street

Asiriyar Nagar 2st Street guideline value

The current guideline value of Asiriyar Nagar 2st Street is Rs 600 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 I Type - III.

How the guideline value of Asiriyar Nagar 2st Street has changed

The guideline value for Asiriyar Nagar 2st Street has seen several revisions over the years. In the 2017 revision, the value was set at Rs 402 per sq.ft. This figure remained unchanged until the 2023 revision, where it was still Rs 600 per sq.ft. The most recent revision in 2024 also maintains the guideline value at Rs 600 per sq.ft, showing no change from the previous year.

From 2017 to 2023, there was an increase of 49%, and overall, from 2017 to 2024, the increase remains at 49%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A village, 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 value is Rs 600 per sq.ft, which is equal to the guideline value of Asiriyar Nagar 2st Street.

• Asiriyar Nagar 1st Street: Rs 600 per sq.ft (2024)
• Asiriyar Nagar 3st Street: Rs 600 per sq.ft (2024)
• Asiriyar Nagar 16th Street: Rs 600 per sq.ft (2024)
• Asiriyar Nagar 4st Street: Rs 600 per sq.ft (2024)
• Asiriyar Nagar 15th Street: Rs 600 per sq.ft (2024)
• Asiriyar Nagar 5st Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Asiriyar Nagar 2st 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, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. It is important to note that the 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 more information.

Which Sub Registrar Office covers Asiriyar Nagar 2st Street?

The Asiriyar Nagar 2st Street falls under the jurisdiction of 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 of property transactions in Thirukalukundrem A. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the transaction reflects a fair value for taxation purposes.

When buying or selling property, the guideline value will influence the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Asiriyar Nagar 2st Street?

The current guideline value of Asiriyar Nagar 2st 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 remained at Rs 600 per sq.ft since the 2023 revision, which also had the same value. The value increased from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023, marking a 49% increase.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers this street?

The Thirukazhukundram Sub Registrar Office covers Asiriyar Nagar 2st Street, located at Thiruchengode - 637 211, Chengalpattu registration zone.

What is the land classification for Asiriyar Nagar 2st Street?

The land classification for Asiriyar Nagar 2st Street is Residential Class I Type - III, which indicates its suitability for residential development.