Guideline Value for Aswini Nagar Extension

Aswini Nagar Extension guideline value

The current guideline value of Aswini Nagar Extension is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Pothur village, under the Redhills SRO, and is classified as Residential Class II Type - I.

How the guideline value of Aswini Nagar Extension has changed

The guideline value for Aswini Nagar Extension has undergone several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 190 per sq.ft, which increased to Rs 20 per sq.ft in 2003. The value then saw a significant rise of 900% to Rs 200 per sq.ft in 2007. In 2012, the value was revised to Rs 400 per sq.ft, reflecting a 100% increase. However, it dropped by 33% to Rs 268 per sq.ft in 2017. The 2023 revision set the value at Rs 400 per sq.ft, before the current figure of Rs 440 per sq.ft was established in 2024, marking a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 132%. There are no figures available for the revisions in years other than those listed above.

Guideline values in Pothur

In Pothur village, there are 98 streets under the Redhills SRO, with guideline values ranging from Rs 330 to Rs 2,000 per sq.ft. The median value for these streets is Rs 550 per sq.ft, making the current guideline value for Aswini Nagar Extension below that median.

• Aswini Nagar: Rs 440 per sq.ft (2024)
• Athithya Nagar: Rs 550 per sq.ft (2024)
• Ashok City: Rs 330 per sq.ft (2024)
• Anna Nagar South: Rs 550 per sq.ft (2024)
• Anna Nagar East: Rs 550 per sq.ft (2024)
• Anna Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Aswini Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty, charged at 7%, would be Rs 30,800, while the registration fee at 2% would be Rs 8,800. Together, the total cost for stamp duty and registration fee would be Rs 39,600. 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 further assistance.

Which Sub Registrar Office covers Aswini Nagar Extension?

The Sub Registrar Office that covers Aswini Nagar Extension is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

The guideline value is an essential factor when registering property transactions in Pothur. It serves as a reference point for calculating the stamp duty and registration fees that are applicable to the property being bought or sold.

When you proceed with a property transaction, the guideline value will determine the minimum value on which the stamp duty is calculated. This ensures that the registration process is conducted fairly and transparently, based on established values.

Frequently asked questions

What is the current guideline value of Aswini Nagar Extension?

The current guideline value of Aswini Nagar Extension is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 190 per sq.ft in 2002 to Rs 440 per sq.ft in 2024, reflecting an overall increase of 132% over this period.

What is the registration fee for property in Aswini Nagar Extension?

The registration fee for property in Aswini Nagar Extension is calculated at 2% of the guideline value. For a property valued at Rs 4,40,000, the registration fee would be Rs 8,800.

Where is the Sub Registrar Office for Aswini Nagar Extension located?

The Sub Registrar Office for Aswini Nagar Extension is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What does the guideline value indicate?

The guideline value indicates the minimum value set by the government for property transactions in a specific area. It is used to calculate stamp duty and registration fees during property registration.