Guideline Value for ASHOK AVENUE

Ashok Avenue guideline value

The current guideline value of Ashok Avenue is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Thiruvottiyur village, under the Thiruvottiyur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Ashok Avenue has changed

Over the years, the guideline value of Ashok Avenue has seen several revisions. The 2012 revision set the value at Rs 2,200 per sq.ft, which was then reduced to Rs 1,474 per sq.ft in the 2017 revision. Following this, the value increased to Rs 2,200 per sq.ft in 2023, and finally reached Rs 2,400 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. In contrast, the change from 2012 to 2017 was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Thiruvottiyur

In Thiruvottiyur, there are 177 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 1,300 to Rs 8,600 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, making Ashok Avenue's 2024 figure of Rs 2,400 per sq.ft below the median.

• Ashok Leyland Colony: Rs 1,300 per sq.ft (2024)
• A.Sathanthapuram (New Colony): Rs 2,800 per sq.ft (2024)
• Appar Samy Koil Street: Rs 3,300 per sq.ft (2024)
• Appar Nagar: Rs 2,150 per sq.ft (2024)
• Babu Jajeevan Nagar: Rs 3,300 per sq.ft (2024)
• Anna Nagar (Egavaliyamman Koil Street): Rs 3,300 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 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total fees together to Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ashok Avenue?

Ashok Avenue falls under the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

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

When buying or selling property, the guideline value helps in determining the fair value of the property for registration purposes. Buyers must be aware that the stamp duty is calculated based on the higher of either the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Ashok Avenue?

The current guideline value of Ashok Avenue is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then increased to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 24,00,000. The stamp duty at 7% is Rs 1,68,000, and the registration fee at 2% is Rs 48,000, totaling Rs 2,16,000.

Which office handles registrations for Ashok Avenue?

The Thiruvottiyur Sub Registrar Office handles registrations for Ashok Avenue, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the median guideline value in Thiruvottiyur?

The median guideline value for streets in Thiruvottiyur is Rs 3,300 per sq.ft, while Ashok Avenue's value of Rs 2,400 per sq.ft is below this median.