Guideline Value for Aspiran Garden 2nd cross street

Aspiran Garden 2nd cross street guideline value

The current guideline value of Aspiran Garden 2nd 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, and it falls under the land classification of Mixed Type - I.

How the guideline value of Aspiran Garden 2nd cross street has changed

The guideline value for Aspiran Garden 2nd cross street has undergone several revisions over the years. In 2002, the value was Rs 868 per sq.ft, which increased to Rs 1,300 per sq.ft in 2003, marking a 50% increase. The value then rose significantly to Rs 2,600 per sq.ft in 2007, reflecting a 100% increase. Following this, the value saw a dramatic rise to Rs 12,300 per sq.ft in 2012, which was a 373% increase. However, it decreased to Rs 8,241 per sq.ft in 2017, a decline of 33%. The value then increased to Rs 12,300 per sq.ft in 2023, before reaching the current value of Rs 13,400 per sq.ft in 2024, which is a 9% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1444%. There are no figures available for the revisions in the years not listed in the register.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO with a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value is Rs 7,100 per sq.ft, placing Aspiran Garden 2nd cross street's 2024 figure above this median.

• Aspiran Garden 1st street: Rs 13,400 per sq.ft (2024)
• Aspiran Garden 2nd street: Rs 13,400 per sq.ft (2024)
• Aspiran Garden 1st cross 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 2nd 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 be Rs 9,38,000, and the registration fee at 2% would be Rs 2,68,000, bringing the total to 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aspiran Garden 2nd cross street?

The Sub Registrar Office that covers Aspiran Garden 2nd 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 during property registration in Egmore. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential for buyers to be aware of the guideline value to ensure they are making informed decisions during the transaction process.

Frequently asked questions

What is the current guideline value of Aspiran Garden 2nd cross street?

The current guideline value of Aspiran Garden 2nd 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 868 per sq.ft in 2002 to Rs 13,400 per sq.ft in 2024, reflecting an overall increase of 1444% over the years.

What is the registration office for Aspiran Garden 2nd cross street?

The registration office for Aspiran Garden 2nd cross street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is stamp duty calculated for properties in Aspiran Garden 2nd cross street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 9,38,000.

What are the other streets in Egmore with similar guideline values?

Other streets in Egmore with similar guideline values include Aspiran Garden 1st street, Aspiran Garden 2nd street, and Aspiran Garden 1st cross street, all at Rs 13,400 per sq.ft in 2024.