Guideline Value for Aswini Nagar

Aswini Nagar guideline value

The current guideline value of Aswini Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class IV Type - III.

How the guideline value of Aswini Nagar has changed

The guideline value of Aswini Nagar has experienced several revisions over the years. The earliest recorded value was Rs 64 per sq.ft in 2002, which increased to Rs 100 per sq.ft in 2003, marking a significant rise of 56%. The value remained stable at Rs 1,000 per sq.ft from 2012 until 2023, with no changes noted in the revisions for 2007 and 2017.

In 2023, the guideline value was revised to Rs 1,000 per sq.ft, and then increased to Rs 1,100 per sq.ft in 2024, reflecting a 10% rise. Overall, from 2002 to 2024, the guideline value has increased by 1619%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,400 per sq.ft, placing Aswini Nagar's 2024 figure below this median.

• Athechoodi Street: Rs 1,900 per sq.ft (2024)
• Athi Sankarar Street (Sri Nagar Colony): Rs 2,700 per sq.ft (2024)
• Asian Nagar (Old Vijaya Nagar)(Asini nagar): Rs 2,400 per sq.ft (2024)
• Ayyappan Street (Devi Nagar): Rs 2,400 per sq.ft (2024)
• Asath Street (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Aruna Nagar: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Aswini Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total charges Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Aswini Nagar?

The Sub Registrar Office covering Aswini Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Thirumullaivoyal, as it determines the minimum price at which a property can be registered. When buying or selling property, this value influences the stamp duty and registration fees that need to be paid.

It is essential for buyers and sellers to be aware of the current guideline value, as it helps in understanding the financial implications of the transaction. The registration process requires adherence to these values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Aswini Nagar?

The current guideline value of Aswini Nagar is Rs 1,100 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 64 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, with various revisions along the way, including a notable increase of 1619% overall.

What is the land classification of Aswini Nagar?

Aswini Nagar is classified as Residential Class IV Type - III, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property in Aswini Nagar?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 11,00,000, the total charges would amount to Rs 99,000.

Where is the Sub Registrar Office for Aswini Nagar located?

The Sub Registrar Office for Aswini Nagar is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.