Guideline Value for Audco Nagar

Audco Nagar guideline value

The current guideline value of Audco Nagar is Rs 3,520 per sq.ft, effective from 1 July 2024. This area is part of Kattupakkam village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Audco Nagar has changed

The guideline value for Audco Nagar has seen significant changes over the years. The earliest recorded figure is from 2003, when the guideline value was Rs 209 per sq.ft. This increased to Rs 350 per sq.ft in 2007, marking a substantial rise of 67%. The value then surged dramatically to Rs 3,200 per sq.ft in 2012, reflecting an increase of 814%. However, by 2017, the value decreased to Rs 2,144 per sq.ft, a drop of 33%. The 2023 revision set the value at Rs 3,200 per sq.ft, which then increased by 10% to the current value of Rs 3,520 per sq.ft in 2024.

Overall, from 2003 to 2024, the guideline value has increased by 1584%. Notably, there is no recorded figure for the year 2002 for this street in the register.

Guideline values in Kattupakkam

Kattupakkam village has a range of guideline values across its 75 streets under the Kunrathur SRO, with figures for 2024 ranging from Rs 1,980 to Rs 4,290 per sq.ft. The median value stands at Rs 2,090 per sq.ft, placing Audco Nagar's 2024 figure above this median.

• Bajanai Koil Street: Rs 2,090 per sq.ft (2024)
• ArulMurugan Nagar: Rs 2,090 per sq.ft (2024)
• Balasubramania Nagar: Rs 2,090 per sq.ft (2024)
• Balu Indira Nagar: Rs 2,360 per sq.ft (2024)
• Bazaar Street: Rs 2,090 per sq.ft (2024)
• Anandha Nagar: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Audco Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total cost for these charges to Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Audco Nagar?

The Sub Registrar Office that covers Audco Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Kattupakkam. It serves as a reference point for determining the stamp duty and registration fees payable when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during registration.

When a property is registered, the guideline value is used to calculate the applicable charges, which are essential for the legal transfer of ownership. This ensures that the transaction is recorded accurately in the official records maintained by the registration department.

Frequently asked questions

What is the current guideline value of Audco Nagar?

The current guideline value of Audco Nagar is Rs 3,520 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 209 per sq.ft in 2003 to Rs 3,520 per sq.ft in 2024, reflecting an overall increase of 1584% over this period.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at the current rate, the total charges would amount to Rs 3,16,800.

Which Sub Registrar Office covers Audco Nagar?

The Kunrathur Sub Registrar Office covers Audco Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification of Audco Nagar?

Audco Nagar is classified as Residential Special Type - I, which is important for understanding the land use regulations in this area.