Guideline Value for ASHOK AVENUE

Ashok Avenue guideline value

The current guideline value of Ashok Avenue is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-B village and falls under the Avadi SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Ashok Avenue has changed

The guideline value of Ashok Avenue has undergone several revisions over the years. In the 2017 revision, the guideline value was Rs 469 per sq.ft. This increased significantly to Rs 700 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 saw another increase to Rs 770 per sq.ft, reflecting a 10% change from the previous year. There are no figures available for the revisions in 2002, 2003, 2007, and 2012.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. This consistent rise in the guideline value highlights the changes in property valuation over the years.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that have a 2024 guideline value ranging from Rs 330 to Rs 1,760 per sq.ft, with a median value of Rs 770 per sq.ft. The guideline value of Ashok Avenue matches this median value.

• Arul Nagar & Streets: Rs 770 per sq.ft (2024)
• Arul Nagar Extn: Rs 770 per sq.ft (2024)
• Asian Company: Rs 870 per sq.ft (2024)
• A.R.LAYOUT alias MAJESTIC AVENUE: Rs 990 per sq.ft (2024)
• Aswini Nagar: Rs 770 per sq.ft (2024)
• Anushka Enclave Alias Varna: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total fees to Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ashok Avenue?

The Sub Registrar Office that covers Ashok Avenue is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-B

The guideline value is a crucial factor during the registration of property transactions in Thiruninravur-B. It serves as a base for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in determining the minimum value at which the property can be registered. This ensures transparency and helps in maintaining a standard for property transactions in the region.

Frequently asked questions

What is the current guideline value of Ashok Avenue?

The current guideline value of Ashok Avenue is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, and then to Rs 770 per sq.ft in 2024, marking an overall increase of 64% from 2017 to 2024.

What is the land classification for Ashok Avenue?

Ashok Avenue is classified as Residential Class II Type - III, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Ashok Avenue?

The Avadi Sub Registrar Office covers Ashok Avenue and is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How are stamp duty and registration fees calculated for Ashok Avenue?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is charged at 2%. For a 1,000 sq.ft plot, the total fees amount to Rs 69,300 based on the current guideline value.