Guideline Value for ASHOK AVENUE

Ashok Avenue guideline value

The current guideline value of Ashok Avenue, located in Puliyur village under the Kodambakkam SRO, is Rs 8,200 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Ashok Avenue has changed

The guideline value for Ashok Avenue has seen significant changes over the years. In the 2002 revision, the value was Rs 1,027 per sq.ft, which increased to Rs 1,128 per sq.ft in 2003. Following this, the value rose to Rs 2,000 per sq.ft in 2007, marking a substantial increase of 77%. By 2012, the value had jumped to Rs 7,500 per sq.ft, reflecting a remarkable increase of 275% from the previous revision. However, this was followed by a decrease of 33%, bringing the value down to Rs 5,025 per sq.ft in 2017.

From 2017 to 2023, the guideline value increased by 49%, reaching Rs 7,500 per sq.ft. The latest revision in 2024 has set the value at Rs 8,200 per sq.ft, which is a 9% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 698%. There are no figures available for any other years for this street.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, and Ashok Avenue's current value is above this median.

• Arya Gowda Salai Extention: Rs 11,000 per sq.ft (2024)
• Arya Gowda Salai: Rs 11,000 per sq.ft (2024)
• Arunachala Nagar 2nd Street: Rs 5,300 per sq.ft (2024)
• Arunachala Nagar 1st Street: Rs 5,300 per sq.ft (2024)
• Asif Nagar: Rs 3,300 per sq.ft (2024)
• Arokiasamy Street: Rs 5,000 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 8,200 per sq.ft, the total guideline value would be Rs 82,00,000. The stamp duty at 7% would amount to Rs 5,74,000, and the registration fee at 2% would be Rs 1,64,000. Together, the total cost for stamp duty and registration fee would be Rs 7,38,000. It is important to note that the 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 Ashok Avenue?

The Sub Registrar Office that covers Ashok Avenue is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. To locate your nearest SRO, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Puliyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ashok Avenue?

The current guideline value of Ashok Avenue is Rs 8,200 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 1,027 per sq.ft in 2002 to Rs 8,200 per sq.ft in 2024, reflecting an overall increase of 698% over this period.

What is the land classification for Ashok Avenue?

Ashok Avenue is classified as Residential Special Type - I.

What are the stamp duty and registration fees for property in Ashok Avenue?

For a property valued at Rs 82,00,000, the stamp duty would be Rs 5,74,000, and the registration fee would be Rs 1,64,000, totaling Rs 7,38,000.

Which office handles the registration for Ashok Avenue?

The Kodambakkam Sub Registrar Office handles the registration for Ashok Avenue, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.