Guideline Value for ASHOK BRINDAVANAM PHASE - III

Ashok Brindavanam Phase - III guideline value

The current guideline value of Ashok Brindavanam Phase - III is Rs 550 per sq.ft, effective from 1 July 2024. This property is located in Naduveerapattu village, under the Padappai SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Ashok Brindavanam Phase - III has changed

The guideline value for Ashok Brindavanam Phase - III has seen several revisions over the years. The 2017 revision set the value at Rs 335 per sq.ft. This increased to Rs 500 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has raised the value to Rs 550 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the current 2024 figure, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Naduveerapattu

In Naduveerapattu, there are 96 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 2,500 per sq.ft. The median guideline value for these streets is Rs 660 per sq.ft, placing Ashok Brindavanam Phase - III's value below this median.

• Ashok Brindavanam Phase - II: Rs 550 per sq.ft (2024)
• Ashok Brindhavanam: Rs 550 per sq.ft (2024)
• Arulappa Nagar: Rs 550 per sq.ft (2024)
• Anthonypuram: Rs 440 per sq.ft (2024)
• Anthony Nagar: Rs 1,320 per sq.ft (2024)
• Anthoniyar Koil Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Brindavanam Phase - III

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ashok Brindavanam Phase - III?

The Sub Registrar Office that covers Ashok Brindavanam Phase - III is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Naduveerapattu. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, it is essential to be aware of the guideline value, as it impacts the overall transaction costs. The higher the guideline value, the more you may need to pay in duties and fees, making it a significant consideration for both buyers and sellers.

Frequently asked questions

What is the current guideline value of Ashok Brindavanam Phase - III?

The current guideline value of Ashok Brindavanam Phase - III is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, and then to Rs 550 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 and the registration fee would be Rs 11,000, totaling Rs 49,500. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Ashok Brindavanam Phase - III?

The Padappai Sub Registrar Office covers Ashok Brindavanam Phase - III. The office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the land classification of Ashok Brindavanam Phase - III?

Ashok Brindavanam Phase - III is classified as Residential Class I Type - I. This classification is important for understanding the zoning and development regulations applicable to the area.