Guideline Value for Asis Nagar

Asis Nagar guideline value

The current guideline value of Asis Nagar, located in Thodukadu village under the Sriperumpudur SRO, is Rs 300 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Asis Nagar has changed

The guideline value for Asis Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged in the subsequent 2017 revision, where it was also Rs 300 per sq.ft. However, the 2017 revision marked a significant increase from the 2017 value of Rs 201 per sq.ft, reflecting a 49% increase. The 2023 revision maintained the value at Rs 300 per sq.ft, with no change from the previous year.

From the 2012 revision to the 2024 revision, the overall guideline value remains unchanged at Rs 300 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thodukadu

In Thodukadu, there are 24 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,250 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, placing Asis Nagar's 2024 figure below that median.

• Bajanai Koil Street: Rs 300 per sq.ft (2024)
• Bliss: Rs 1,250 per sq.ft (2024)
• KKE Nagar: Rs 300 per sq.ft (2024)
• KKR City: Rs 500 per sq.ft (2024)
• KKR city Annex: Rs 500 per sq.ft (2024)
• Kkr Eldorado: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Asis Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty is charged at 7%, which totals Rs 21,000, and the registration fee is at 2%, amounting to Rs 6,000. Together, the total cost for these fees is Rs 27,000. 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 further calculations.

Which Sub Registrar Office covers Asis Nagar?

The Sub Registrar Office that covers Asis Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thodukadu. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value helps determine the legal obligations of both the buyer and seller. It ensures that the transaction is compliant with local regulations and that the appropriate fees are paid based on the established guideline value.

Frequently asked questions

What is the current guideline value of Asis Nagar?

The current guideline value of Asis Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft since 2012, with a significant increase from Rs 201 per sq.ft in 2017, and no change from 2023 to 2024.

What are the other streets in Thodukadu with their guideline values?

Other streets in Thodukadu include Bajanai Koil Street and KKE Nagar, both valued at Rs 300 per sq.ft in 2024, while Bliss has the highest value at Rs 1,250 per sq.ft.

What fees are associated with buying property in Asis Nagar?

When buying property in Asis Nagar, buyers must pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Asis Nagar?

The Sriperumpudur Sub Registrar Office handles property registrations for Asis Nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.