Guideline Value for I.T. Nagar (A) Aishwarya Nagar

I.T. Nagar (A) Aishwarya Nagar guideline value

The current guideline value for I.T. Nagar (A) Aishwarya Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This locality is situated in Atanancheri village, under the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of I.T. Nagar (A) Aishwarya Nagar has changed

The guideline value for I.T. Nagar (A) Aishwarya Nagar has seen several revisions over the years. In 2007, the value was Rs 120 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2012, marking a substantial rise of 483%. However, from 2012 to 2017, the value decreased to Rs 469 per sq.ft, a decline of 33%. The value then rose again to Rs 700 per sq.ft in 2023, with no change in 2024, maintaining the same rate.

From 2017 to 2023, the guideline value increased by 49%, and overall, from 2007 to 2024, there has been an increase of 483%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Atanancheri

In Atanancheri, there are 83 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,500 per sq.ft. The median value is Rs 700 per sq.ft, which is equal to the current guideline value for I.T. Nagar (A) Aishwarya Nagar.

• Jayam Nagar: Rs 700 per sq.ft (2024)
• Guberapattinam: Rs 700 per sq.ft (2024)
• Kalaivani Nagar: Rs 800 per sq.ft (2024)
• Kamatchi Amman Nagar: Rs 800 per sq.ft (2024)
• Gangai Amman Nagar: Rs 600 per sq.ft (2024)
• Kannan Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in I.T. Nagar (A) Aishwarya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, making the total cost for these fees Rs 63,000. 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 I.T. Nagar (A) Aishwarya Nagar?

The I.T. Nagar (A) Aishwarya Nagar area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Atanancheri, as it determines the minimum price at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid during the registration process.

It is important for buyers and sellers to be aware of the current guideline value, as it influences the overall cost of the transaction. Ensuring that the property is valued correctly according to the guideline value can help in avoiding disputes during registration.

Frequently asked questions

What is the current guideline value of I.T. Nagar (A) Aishwarya Nagar?

The current guideline value of I.T. Nagar (A) Aishwarya Nagar is Rs 700 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 120 per sq.ft in 2007 to Rs 700 per sq.ft in 2012, then decreasing to Rs 469 per sq.ft in 2017, and returning to Rs 700 per sq.ft in 2023 and 2024.

What is the land classification for I.T. Nagar (A) Aishwarya Nagar?

The land classification for I.T. Nagar (A) Aishwarya Nagar is Residential Special Type - II.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 7,00,000, the stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000.

Where can I find the Sub Registrar Office for this area?

The Gooduvancheri Sub Registrar Office covers I.T. Nagar (A) Aishwarya Nagar and is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.