Guideline Value for Aswath Nagar

Aswath Nagar guideline value

The current guideline value of Aswath Nagar is Rs 805 per sq.ft, effective from 1 July 2024. This area is located in Kuthanoor village, under the Gooduvancheri SRO, classified as Residential Class I Type - III.

How the guideline value of Aswath Nagar has changed

The guideline value for Aswath Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 536 per sq.ft. Following this, the 2023 revision increased the value to Rs 800 per sq.ft, and the most recent 2024 revision raised it to Rs 805 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

In terms of percentage changes, the guideline value increased by 1% from 2023 to 2024. From 2017 to 2023, there was a significant increase of 49%. However, the value decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by just 1%.

Guideline values in Kuthanoor

Kuthanoor village has a total of 30 streets under the Gooduvancheri SRO with a 2024 guideline value range from Rs 400 to Rs 2,000 per sq.ft. The median value is Rs 800 per sq.ft, placing Aswath Nagar's 2024 guideline value above this median.

• Asthalakshmi Nagar: Rs 705 per sq.ft (2024)
• Ashvath Nagar Extn I: Rs 800 per sq.ft (2024)
• Bharath Avenue: Rs 800 per sq.ft (2024)
• Amman Avenue: Rs 400 per sq.ft (2024)
• Ajai Square: Rs 600 per sq.ft (2024)
• Chitti Vinayagar Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Aswath Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 805 per sq.ft, the total guideline value amounts to Rs 8,05,000. The stamp duty at 7% would be Rs 56,350, and the registration fee at 2% would be Rs 16,100, resulting in a total cost of Rs 72,450. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Aswath Nagar?

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

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

The guideline value is a critical factor in property transactions in Kuthanoor. It is used to determine the amount of stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value serves as a benchmark for the transaction. It ensures that the property is registered at a value that reflects the current market conditions, which helps in maintaining transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Aswath Nagar?

The current guideline value of Aswath Nagar is Rs 805 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and finally to Rs 805 per sq.ft in 2024.

What is the land classification of Aswath Nagar?

Aswath Nagar is classified as Residential Class I Type - III, which indicates its suitability for residential development.

What is the stamp duty rate for properties in Aswath Nagar?

The stamp duty rate for properties in Aswath Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Aswath Nagar?

The Sub Registrar Office for Aswath Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.