Guideline Value for ASHOK BRINDAVAN NAGAREXTN.,

Ashok Brindavan Nagarextn., guideline value

The current guideline value of Ashok Brindavan Nagarextn., is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Iyyappanthangal village under the Chennai South Joint I SRO, and it is classified as Residential Special Type - I.

How the guideline value of Ashok Brindavan Nagarextn., has changed

The guideline value for Ashok Brindavan Nagarextn., has seen significant changes over the years. In 2007, the value was Rs 300 per sq.ft, which increased dramatically to Rs 3,000 per sq.ft in 2012, marking a rise of 900%. However, it then decreased to Rs 2,010 per sq.ft in 2017, a drop of 33%. The value then rose to Rs 3,000 per sq.ft in 2023, before reaching the current figure of Rs 3,300 per sq.ft in 2024, reflecting a 10% increase from the previous year. The register has no figures for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 1000%, showcasing a substantial upward trend over the years. The value rose from Rs 2,010 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024, which is a significant increase of 49% during this period.

Guideline values in Iyyappanthangal

In Iyyappanthangal, there are 134 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 5,610 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, making the guideline value of Ashok Brindavan Nagarextn., above this median.

• Ashok Brindavan Nagar: Rs 3,300 per sq.ft (2024)
• Ashok Brindhavan Nagar 1st Street: Rs 3,300 per sq.ft (2024)
• Ashok Brindhavan Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• Ashok Brindhavan Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• Athithanar Nagar: Rs 2,200 per sq.ft (2024)
• Athithanar Nagar 2nd Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Brindavan Nagarextn.,

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ashok Brindavan Nagarextn.,?

The Sub Registrar Office covering Ashok Brindavan Nagarextn., is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

When buying or selling property in Iyyappanthangal, the guideline value plays a crucial role in determining the registration fees and stamp duty. The guideline value is set by the government and is used as a benchmark for property transactions in the area.

At the time of registration, buyers and sellers must consider the guideline value as it is the basis for calculating the applicable stamp duty and registration fees. This ensures that the transaction is recorded at a value that reflects the market conditions as assessed by the authorities.

Frequently asked questions

What is the current guideline value of Ashok Brindavan Nagarextn.,?

The current guideline value of Ashok Brindavan Nagarextn., is Rs 3,300 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 300 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, showing an overall increase of 1000% over this period.

What is the median guideline value in Iyyappanthangal?

The median guideline value in Iyyappanthangal is Rs 2,200 per sq.ft, with Ashok Brindavan Nagarextn., being above this median at Rs 3,300 per sq.ft.

What are the stamp duty rates for properties in Ashok Brindavan Nagarextn.,?

The stamp duty for properties in Ashok Brindavan Nagarextn., is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ashok Brindavan Nagarextn.,?

The Sub Registrar Office for Ashok Brindavan Nagarextn., is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.