Guideline Value for Asthakiri Street

Asthakiri Street guideline value

The current guideline value of Asthakiri Street is Rs 800 per sq.ft, effective from 1 July 2024. This street is located in Ist Division village under the Kanchipuram Joint IV SRO and is classified as Residential Class V Type - I.

How the guideline value of Asthakiri Street has changed

The guideline value for Asthakiri Street has undergone several revisions over the years. The earliest available figure is from 2012, when it was set at Rs 600 per sq.ft. This figure remained the same until the 2017 revision, which reduced the value to Rs 402 per sq.ft. However, the value increased to Rs 600 per sq.ft in the 2023 revision and rose again to Rs 800 per sq.ft in the 2024 revision.

From 2017 to 2023, the value increased by 49%. The change from 2023 to 2024 reflects a 33% increase. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 33%. The register does not provide figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ist Division

In Ist Division, there are 79 streets that have a 2024 guideline value ranging from Rs 800 to Rs 3,300 per sq.ft, with a median value of Rs 880 per sq.ft. Asthakiri Street's 2024 figure is below this median.

• Arignaar Anna Nagar: Rs 880 per sq.ft (2024)
• Anuman Nagar: Rs 880 per sq.ft (2024)
• Anna Avenue: Rs 880 per sq.ft (2024)
• Amudhapadi Street: Rs 1,100 per sq.ft (2024)
• Amudapadi Back Street: Rs 1,100 per sq.ft (2024)
• Birunthavanam Street @ Palla Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Asthakiri Street

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value is Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. It is important to note that 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 information.

Which Sub Registrar Office covers Asthakiri Street?

The Sub Registrar Office that covers Asthakiri Street is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ist Division. It is used to determine the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Asthakiri Street?

The current guideline value of Asthakiri Street is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 800 per sq.ft in 2024, with notable increases in 2023 and 2024 revisions.

What is the land classification of Asthakiri Street?

Asthakiri Street is classified as Residential Class V Type - I.

Where can I find the Sub Registrar Office for Asthakiri Street?

The Sub Registrar Office for Asthakiri Street is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Asthakiri Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 at 7%.