Guideline Value for Asiriyar Nagar 8st Street

Asiriyar Nagar 8st Street guideline value

The current guideline value of Asiriyar Nagar 8st Street is Rs 600 per sq.ft, effective from 1 July 2024. 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 8st Street has changed

Over the years, the guideline value for Asiriyar Nagar 8st Street has seen significant changes. The most recent revision in 2024 maintains the guideline value at Rs 600 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision set the value at Rs 402 per sq.ft, marking a 49% increase from 2017 to 2023, and an overall increase of 49% from 2017 to 2024.

The register has no figures for the years 2002, 2003, 2007, and 2012. Therefore, the only available figures are from the 2017, 2023, and 2024 revisions, which show stability in the guideline value since 2023.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO that have 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 8st Street's guideline value of Rs 600 per sq.ft is equal to this median.

• Asiriyar Nagar 7st Street: Rs 600 per sq.ft (2024)
• Asiriyar Nagar 9th Cross Street: Rs 400 per sq.ft (2024)
• Asiriyar Nagar 6st Street: Rs 600 per sq.ft (2024)
• Asiriyar Nagar 5st Street: Rs 600 per sq.ft (2024)
• Asiriyar Nagar 4st 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 8st 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 to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Asiriyar Nagar 8st Street?

The Sub Registrar Office that covers Asiriyar Nagar 8st 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 plays a crucial role in the registration process of property transactions in Thirukalukundrem A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives due revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. This value is essential for calculating the applicable stamp duty and registration fees, which are mandatory during the property registration process.

Frequently asked questions

What is the current guideline value of Asiriyar Nagar 8st Street?

The current guideline value of Asiriyar Nagar 8st 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 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 8st Street?

Asiriyar Nagar 8st Street is classified as Residential Class I Type - III.

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

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.

Which Sub Registrar Office covers this street?

The Thirukazhukundram Sub Registrar Office covers Asiriyar Nagar 8st Street, located at Thiruchengode - 637 211, Chengalpattu registration zone.