Guideline Value for Asper Green

Asper Green guideline value

The current guideline value of Asper Green is Rs 1,300 per sq.ft, as per the 2023 revision. This area is located in Nalambakkam village under the Gooduvancheri SRO, classified as Residential Special Type - II.

How the guideline value of Asper Green has changed

In the 2012 revision, the guideline value was Rs 1,300 per sq.ft. This figure remained the same in the subsequent revision in 2017, where it dropped to Rs 871 per sq.ft. The most recent revision in 2023 saw a significant increase to Rs 1,300 per sq.ft again. There are no figures available for the revisions in 2002, 2003, and 2007, nor for 2024.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was an increase of 49%. Overall, comparing the figures from 2012 to 2023, the guideline value has remained unchanged at Rs 1,300 per sq.ft.

Guideline values in Nalambakkam

Currently, there are no specific village figures available for Nalambakkam. Asper Green is one of the streets under the Gooduvancheri SRO.

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Stamp duty and registration fee for property in Asper Green

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000. Together, the total cost would be Rs 1,17,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Asper Green?

The Sub Registrar Office that covers Asper Green is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Nalambakkam. It is used to calculate the stamp duty and registration fees, which are mandatory for property transactions.

When a property is sold, the buyer must pay the stamp duty based on the higher value between the guideline value and the actual sale price. This ensures that the government collects the appropriate fees based on the property's worth as determined by the guideline value.

Frequently asked questions

What is the current guideline value of Asper Green?

The current guideline value of Asper Green is Rs 1,300 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2012 to Rs 871 per sq.ft in 2017, and then back to Rs 1,300 per sq.ft in 2023. There are no figures available for the revisions in 2002, 2003, and 2007.

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

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000, and the registration fee would be Rs 26,000, totaling Rs 1,17,000. Duty is charged on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers Asper Green?

The Gooduvancheri Sub Registrar Office covers Asper Green, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

What is the land classification of Asper Green?

Asper Green is classified as Residential Special Type - II, indicating its designated use for residential purposes.