Guideline Value for Aspiran Garden 1st cross street

Aspiran Garden 1st cross street guideline value

The current guideline value of Aspiran Garden 1st cross street is Rs 13,400 per sq.ft, effective from 1 July 2024. This street is located in Egmore village, under the Periamet SRO, with a land classification of Mixed Type - I.

How the guideline value of Aspiran Garden 1st cross street has changed

The guideline value for Aspiran Garden 1st cross street has seen several revisions over the years. In 2002, the guideline value was Rs 827 per sq.ft. This increased to Rs 1,300 per sq.ft in 2003, marking a 57% rise. By 2007, the value had jumped significantly to Rs 2,600 per sq.ft, reflecting a 100% increase. The value continued to rise to Rs 12,300 per sq.ft in 2012, which was a 373% increase from the previous revision. However, it decreased to Rs 8,241 per sq.ft in 2017, showing a decline of 33% from 2012. The guideline value increased again to Rs 12,300 per sq.ft in 2023, and finally reached Rs 13,400 per sq.ft in 2024, which is a 9% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1520%. There are no figures available for any other revisions for this street.

Guideline values in Egmore

In Egmore, the 2024 guideline values range from Rs 2,800 to Rs 22,000 per sq.ft across 465 streets under the Periamet SRO, with a median value of Rs 7,100 per sq.ft. Aspiran Garden 1st cross street's current guideline value is above this median.

• Aspiran Garden 1st street: Rs 13,400 per sq.ft (2024)
• Aspiran Garden 2nd cross street: Rs 13,400 per sq.ft (2024)
• Aspiran Garden 2nd street: Rs 13,400 per sq.ft (2024)
• Audiappa Gramani Street: Rs 7,100 per sq.ft (2024)
• Avvaipuram: Rs 3,400 per sq.ft (2024)
• Arvamudan Garden Street: Rs 8,300 per sq.ft (2024)

Stamp duty and registration fee for property in Aspiran Garden 1st cross street

For a 1,000 sq.ft plot at the current guideline value of Rs 13,400 per sq.ft, the total guideline value would be Rs 1,34,00,000. The stamp duty at 7% would amount to Rs 9,38,000, and the registration fee at 2% would be Rs 2,68,000. Together, the total fees would be Rs 12,06,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aspiran Garden 1st cross street?

The Sub Registrar Office that covers Aspiran Garden 1st cross street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

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

When a property is sold, the guideline value is used to calculate the applicable duties, which are charged on the higher of the guideline value and the sale price. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Aspiran Garden 1st cross street?

The current guideline value of Aspiran Garden 1st cross street is Rs 13,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 827 per sq.ft in 2002 to Rs 13,400 per sq.ft in 2024, marking an overall increase of 1520% over the years.

What is the stamp duty rate for properties in Aspiran Garden 1st cross street?

The stamp duty rate for properties in Aspiran Garden 1st cross street is 7%, which is calculated based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Aspiran Garden 1st cross street?

The Sub Registrar Office for Aspiran Garden 1st cross street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

What are the registration fees for properties in this area?

The registration fee for properties in Aspiran Garden 1st cross street is 2% of the guideline value or sale price, whichever is higher.