Guideline Value for SRI AISHWARIYA NAGAR

Sri Aishwariya Nagar guideline value

The current guideline value of Sri Aishwariya Nagar is Rs 1,002 per sq.ft, effective from 1 July 2024. This area is located in Kosappur village, under the Thiruvottiyur SRO, with a land classification of Residential Special Type - II.

How the guideline value of Sri Aishwariya Nagar has changed

The guideline value for Sri Aishwariya Nagar has seen several revisions over the years. In 2002, the value was Rs 18 per sq.ft, which increased to Rs 20 per sq.ft in 2003. Following this, there was a significant rise to Rs 100 per sq.ft in 2007, and then it further increased to Rs 300 per sq.ft in 2012. However, from 2012 to 2017, the value dropped to Rs 201 per sq.ft. The most recent revisions show that the value remained at Rs 1,002 per sq.ft in both 2023 and 2024.

Overall, from 2002 to 2024, the guideline value has increased by 5,467%. The changes between the revisions include a 400% increase from 2003 to 2007, a 200% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, and a remarkable 399% increase from 2017 to 2023.

Guideline values in Kosappur

In Kosappur village, there are 25 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,600 per sq.ft. The median value is Rs 1,002 per sq.ft, making Sri Aishwariya Nagar's 2024 figure equal to this median.

• Sowbaghiya Nagar: Rs 1,001 per sq.ft (2024)
• Srinivasa Nagar: Rs 1,002 per sq.ft (2024)
• Sri Ramakrishna Nagar: Rs 1,002 per sq.ft (2024)
• Subam Colony: Rs 1,002 per sq.ft (2024)
• Subam Colony Extn: Rs 1,002 per sq.ft (2024)
• Thangam Colony: Rs 1,002 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Aishwariya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,002 per sq.ft, the total guideline value would be Rs 10,02,000. The stamp duty at 7% would amount to Rs 70,140, and the registration fee at 2% would be Rs 20,040. Together, these fees would total Rs 90,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Aishwariya Nagar?

The Sub Registrar Office that covers Sri Aishwariya Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering properties in Kosappur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is bought or sold, the guideline value is used to calculate the applicable fees, which are essential for the legal transfer of ownership. It is advisable to consult the latest guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Aishwariya Nagar?

The current guideline value of Sri Aishwariya Nagar is Rs 1,002 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 18 per sq.ft to Rs 1,002 per sq.ft in 2024, marking an overall increase of 5,467%.

What are the stamp duty and registration fees for properties in Sri Aishwariya Nagar?

For a property valued at Rs 10,02,000, the stamp duty would be Rs 70,140 and the registration fee would be Rs 20,040, totaling Rs 90,180.

Which office handles property registrations in Sri Aishwariya Nagar?

The Thiruvottiyur Sub Registrar Office handles property registrations in Sri Aishwariya Nagar, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the guideline value determined for properties in Kosappur?

The guideline value for properties in Kosappur is determined by the Registration Department's guideline value register, which is revised periodically to reflect changes in the market and land classification.