Guideline Value for Asiriyar Street

Asiriyar Street guideline value

The current guideline value of Asiriyar Street is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village, under the Selaiyur SRO, and is classified as Residential Class I Type - II.

How the guideline value of Asiriyar Street has changed

The guideline value for Asiriyar Street has seen several revisions over the years. In the 2007 revision, the value was set at Rs 200 per sq.ft. This increased significantly to Rs 1,800 per sq.ft in the 2012 revision, marking an increase of 800%. However, in the 2017 revision, the value dropped to Rs 1,206 per sq.ft, a decrease of 33%. The 2023 revision saw a substantial rise to Rs 1,800 per sq.ft, and finally, the current 2024 revision has set the value at Rs 1,900 per sq.ft, reflecting a 6% increase from the previous year.

It is important to note that there are no figures available for Asiriyar Street in the 2002 and 2003 revisions. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 850%.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO, with guideline values for 2024 ranging from Rs 850 to Rs 6,500 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing Asiriyar Street's 2024 figure below that median.

• Athiyaman Street: Rs 950 per sq.ft (2024)
• Avvai 1st Street: Rs 2,900 per sq.ft (2024)
• Avvai 2nd Street: Rs 2,900 per sq.ft (2024)
• Avvai 3rd Street: Rs 2,900 per sq.ft (2024)
• Avvai 4th Street: Rs 2,900 per sq.ft (2024)
• Avvai Nagar: Rs 2,900 per sq.ft (2024)

Stamp duty and registration fee for property in Asiriyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total fees together to Rs 1,71,000. 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 information on fees applicable to your property transaction.

Which Sub Registrar Office covers Asiriyar Street?

The Sub Registrar Office that covers Asiriyar Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Selaiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during property transactions.

When a property is sold, the guideline value is used to calculate the applicable fees, which can significantly impact the overall cost of the transaction. It is essential for both parties to understand how this value affects their financial obligations during the buying or selling process.

Frequently asked questions

What is the current guideline value of Asiriyar Street?

The current guideline value of Asiriyar Street is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,900 per sq.ft in 2024, reflecting an overall increase of 850% over the years.

What is the median guideline value in Selaiyur?

The median guideline value in Selaiyur for 2024 is Rs 2,200 per sq.ft, which is higher than the current value of Asiriyar Street.

What are the stamp duty and registration fees for property in Asiriyar Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,71,000, based on the guideline value of Rs 19,00,000.

Where is the Sub Registrar Office for Asiriyar Street located?

The Sub Registrar Office for Asiriyar Street is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.