Guideline Value for Aswath Medows Phase-3

Aswath Medows Phase-3 guideline value

The current guideline value of Aswath Medows Phase-3 is Rs 3,100 per sq.ft, effective from 1 July 2024. This property is located in 44.Ayanambakkam village under the Konnur SRO, classified as Residential Special Type - I.

How the guideline value of Aswath Medows Phase-3 has changed

The guideline value for Aswath Medows Phase-3 has seen a few revisions over the years. The 2017 revision recorded a value of Rs 3,000 per sq.ft, which remained unchanged in the 2023 revision. However, the 2024 revision increased the guideline value to Rs 3,100 per sq.ft, marking a 3% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 3%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO, with guideline values ranging from Rs 801 to Rs 9,702 per sq.ft as of 2024. The median guideline value for the area is Rs 1,300 per sq.ft, placing Aswath Medows Phase-3's 2024 figure above this median.

• Auro Elios: Rs 4,478 per sq.ft (2024)
• Ashwath Meadows Phase-II: Rs 3,300 per sq.ft (2024)
• Ashwath Meadows Phase - I: Rs 2,130 per sq.ft (2024)
• Bajanai Kovil Street: Rs 1,300 per sq.ft (2024)
• Balaji Avenue: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Aswath Medows Phase-3

For a 1,000 sq.ft plot at the current guideline value of Rs 3,100 per sq.ft, the total guideline value amounts to Rs 31,00,000. The stamp duty, charged at 7%, would be Rs 2,17,000, and the registration fee at 2% would be Rs 62,000, bringing the total fees to Rs 2,79,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Aswath Medows Phase-3?

The Sub Registrar Office that covers Aswath Medows Phase-3 is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. For more details, you can find your SRO.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is a critical factor when registering property in 44.Ayanambakkam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that both buyers and sellers comply with the legal requirements during property transactions.

When a property is bought or sold, the guideline value helps in assessing the appropriate charges that need to be paid at the time of registration. This ensures transparency and fairness in property dealings within the area.

Frequently asked questions

What is the current guideline value of Aswath Medows Phase-3?

The current guideline value of Aswath Medows Phase-3 is Rs 3,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 3,000 per sq.ft from 2017 to 2023 and increased to Rs 3,100 per sq.ft in 2024, marking a 3% increase from the previous year.

What is the land classification of Aswath Medows Phase-3?

Aswath Medows Phase-3 is classified as Residential Special Type - I.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot, the total guideline value is Rs 31,00,000, with a stamp duty of Rs 2,17,000 and a registration fee of Rs 62,000, totaling Rs 2,79,000.

Which office handles the registration for Aswath Medows Phase-3?

The Konnur Sub Registrar Office handles the registration for Aswath Medows Phase-3, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.