Guideline Value

Corporate

Guideline Value for Aswini Nagar

₹440/sq.ft.

The guideline value for Aswini Nagar in Pothur village (Redhills SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pothur

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹20 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹190 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Aswini Nagar

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Aswini Nagar guideline value

The current guideline value of Aswini Nagar, located in Pothur village under the Redhills SRO, is Rs 440 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Aswini Nagar has changed

Since the early 2000s, the guideline value for Aswini Nagar has experienced significant changes. In 2002, the guideline value was Rs 190 per sq.ft, which increased to Rs 20 per sq.ft in 2003, marking a decrease. The value then rose sharply to Rs 200 per sq.ft in 2007, doubling to Rs 400 per sq.ft in 2012. However, it saw a decline to Rs 268 per sq.ft in 2017, before increasing to Rs 400 per sq.ft in 2023, and finally reaching Rs 440 per sq.ft in the 2024 revision.

Specifically, the changes between the revisions show a rise of 900% from 2003 to 2007, followed by a 100% increase from 2007 to 2012. The value then decreased by 33% from 2012 to 2017, and increased by 49% from 2017 to 2023. The latest revision from 2023 to 2024 reflects a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 132%.

Guideline values in Pothur

Pothur village has 98 streets under the Redhills SRO, with guideline values ranging from Rs 330 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 550 per sq.ft, placing Aswini Nagar's 2024 figure below that median.

Stamp duty and registration fee for property in Aswini Nagar

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 at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. It is important to note that the 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 details.

Which Sub Registrar Office covers Aswini Nagar?

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

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

The guideline value is a crucial factor in property transactions in Pothur. It serves as a reference point for determining the stamp duty and registration fees applicable during the registration of property sales. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the stamp duty based on the higher value between the guideline and the sale price. This ensures that the appropriate fees are collected during the registration process, which is managed by the local Sub Registrar Office.

Frequently asked questions

What is the current guideline value of Aswini Nagar?

The current guideline value of Aswini Nagar 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 significantly 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 are the other streets in Pothur with guideline values?

Other streets in Pothur include Aswini Nagar Extension at Rs 440 per sq.ft, Athithya Nagar at Rs 550 per sq.ft, and Ashok City at Rs 330 per sq.ft, among others.

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

For a property in Aswini Nagar, the stamp duty is calculated at 7% and the registration fee at 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 39,600.

Which office handles property registrations in Aswini Nagar?

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