Guideline Value for Asirvadhapuram

Asirvadhapuram guideline value

The current guideline value of Asirvadhapuram is Rs 880 per sq.ft, effective from 1 July 2024. This village falls under the Padappai SRO and is classified as Residential Class I Type - I.

How the guideline value of Asirvadhapuram has changed

Asirvadhapuram has seen several revisions in its guideline value over the years. The earliest recorded figure is from 2017, where the guideline value was Rs 536 per sq.ft. This was followed by an increase to Rs 800 per sq.ft in 2023, marking a significant change of +49%. The most recent revision in 2024 set the guideline value at Rs 880 per sq.ft, which represents a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by +64%. The register does not contain figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Manimangalam A

In Manimangalam A, there are 112 streets under the Padappai SRO, with a 2024 guideline value ranging from Rs 550 to Rs 2,500 per sq.ft. The median value is Rs 880 per sq.ft, which is equal to the guideline value of Asirvadhapuram.

• Arunachaleswarar Nagar: Rs 880 per sq.ft (2024)
• Anugraha Estates: Rs 550 per sq.ft (2024)
• Anna Street: Rs 880 per sq.ft (2024)
• Anna Salai: Rs 880 per sq.ft (2024)
• Balaji Avenue: Rs 1,430 per sq.ft (2024)
• Balaji Garden: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Asirvadhapuram

For a 1,000 sq.ft plot at the current rate of Rs 880 per sq.ft, the guideline value would be Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, making a total of Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Asirvadhapuram?

The Sub Registrar Office that covers Asirvadhapuram is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Manimangalam A. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the Registration Department.

When buying or selling property, the guideline value helps in determining the official value of the property, which is essential for legal documentation. It is important for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Asirvadhapuram?

The current guideline value of Asirvadhapuram is Rs 880 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 536 per sq.ft to Rs 880 per sq.ft in 2024, marking an overall increase of +64%.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 8,80,000, the total fees would amount to Rs 79,200.

Which Sub Registrar Office covers Asirvadhapuram?

The Padappai Sub Registrar Office covers Asirvadhapuram, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the median guideline value for streets in Manimangalam A?

The median guideline value for streets in Manimangalam A is Rs 880 per sq.ft, which is the same as the guideline value for Asirvadhapuram.