Guideline Value

Corporate

Guideline Value for ASHOK BRINDAVANAM PHASE - II

₹550/sq.ft.

The guideline value for Ashok Brindavanam Phase - Ii in Naduveerapattu village (Padappai SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Naduveerapattu

Village

Padappai

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Ashok Brindavanam Phase - Ii

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Ashok Brindavanam Phase - II guideline value

The current guideline value of Ashok Brindavanam Phase - II 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 - II has changed

Since the 2017 revision, the guideline value for Ashok Brindavanam Phase - II has seen significant changes. The 2017 revision set the value at Rs 335 per sq.ft, which then increased to Rs 500 per sq.ft in 2023, marking a 49% increase. The most recent revision in 2024 raised it further to Rs 550 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%, highlighting the changes over the years.

Guideline values in Naduveerapattu

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

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

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, calculated at 7%, amounts to Rs 38,500, while the registration fee at 2% is Rs 11,000, bringing the total cost for these fees to Rs 49,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ashok Brindavanam Phase - II?

The Ashok Brindavanam Phase - II is covered by the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. To find more about this office, you can find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Naduveerapattu. It serves as the basis for calculating the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties and fees. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has increased 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 a total increase of 64% from 2017 to 2024.

What are the stamp duty and registration fees for property transactions?

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

Which office handles property registrations for Ashok Brindavanam Phase - II?

The Padappai Sub Registrar Office handles property registrations for Ashok Brindavanam Phase - II. The office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

Are there other streets with the same guideline value in Naduveerapattu?

Yes, several other streets in Naduveerapattu also have a guideline value of Rs 550 per sq.ft in 2024, including Ashok Brindavanam Phase - III, Ashok Brindhavanam, and Arulappa Nagar.