Guideline Value for BIG STREET

Big Street guideline value

The current guideline value of Big Street in Aswarevanthapuram village is Rs 300 per sq.ft, effective from 1 July 2024. This street falls under the Ramakrishna Rajupettai SRO and is classified as Residential Special Type - I.

How the guideline value of Big Street has changed

In the 2017 revision, the guideline value was Rs 117 per sq.ft. This figure increased significantly to Rs 300 per sq.ft in the 2023 revision, marking a change of +156%. The guideline value remained at Rs 300 per sq.ft in the 2024 revision, resulting in no change from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Big Street. Overall, from 2017 to 2024, the guideline value has increased by +156%.

Guideline values in Aswarevanthapuram

In Aswarevanthapuram, there are 10 streets under the Ramakrishna Rajupettai SRO that have a 2024 guideline value ranging from Rs 220 to Rs 300 per sq.ft, with the median being Rs 300 per sq.ft. Big Street's guideline value aligns with this median at Rs 300 per sq.ft.

• Bramanar St: Rs 300 per sq.ft (2024)
• Chittor Main Rd: Rs 300 per sq.ft (2024)
• Kuttai St: Rs 300 per sq.ft (2024)
• Mal Vannier St: Rs 300 per sq.ft (2024)
• Old Post Office St: Rs 300 per sq.ft (2024)
• Road Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Big Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. Please note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Big Street?

The Sub Registrar Office that covers Big Street is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Aswarevanthapuram. When a property is registered, the guideline value is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded at a fair value.

It is important for buyers and sellers to be aware of the current guideline value to understand the financial implications of their property transactions. The guideline value is regularly updated, reflecting changes in the local real estate market.

Frequently asked questions

What is the current guideline value of Big Street?

The current guideline value of Big Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by +156%. The value was Rs 117 per sq.ft in 2017 and rose to Rs 300 per sq.ft in 2023, remaining the same in 2024.

What are the other streets in Aswarevanthapuram with the same guideline value?

Other streets in Aswarevanthapuram with a guideline value of Rs 300 per sq.ft include Bramanar St, Chittor Main Rd, Kuttai St, Mal Vannier St, Old Post Office St, and Road Street.

What fees are associated with purchasing property on Big Street?

When purchasing property on Big Street, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Big Street?

The Sub Registrar Office for Big Street is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone.