Guideline Value for ASHOK BRINDAVANAM PHASE - IV

Ashok Brindavanam Phase - IV guideline value

The current guideline value of Ashok Brindavanam Phase - IV is Rs 1,310 per sq.ft, effective from 1 July 2024. This property is located in Nemam_B village, under the Avadi SRO, and is classified as Residential Special Type - III.

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

The guideline value for Ashok Brindavanam Phase - IV has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,310 per sq.ft, which is an increase from Rs 1,195 per sq.ft in the 2023 revision. This change represents a 10% rise. Prior to that, the 2017 revision recorded a guideline value of Rs 800 per sq.ft, marking a significant increase of 49% to the 2023 figure. Overall, from 2017 to 2024, the guideline value has increased by 64%.

The register does not contain figures for the years 2002, 2003, 2007, and 2012 for this street. Thus, the revisions available are from 2017, 2023, and 2024 only.

Guideline values in Nemam_B

In Nemam_B, there are 24 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 330 to Rs 3,500 per sq.ft, with a median value of Rs 935 per sq.ft. The guideline value for Ashok Brindavanam Phase - IV is above this median.

• Ashok Brindavanam Phase III: Rs 770 per sq.ft (2024)
• Ashok Brindhavanam: Rs 770 per sq.ft (2024)
• Ashok Brindavanam Phase II: Rs 770 per sq.ft (2024)
• Aalayam: Rs 1,650 per sq.ft (2024)
• Aalam @ Nemam: Rs 1,100 per sq.ft (2024)
• Glorious City: Rs 330 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,310 per sq.ft, the total guideline value amounts to Rs 13,10,000. The stamp duty, calculated at 7%, would be Rs 91,700, and the registration fee at 2% would be Rs 26,200, bringing the total cost for these fees to Rs 1,17,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ashok Brindavanam Phase - IV?

The Sub Registrar Office that covers Ashok Brindavanam Phase - IV is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Nemam_B, as it determines the minimum price at which a property can be registered. Buyers must consider this value when negotiating purchase prices, as it influences the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value serves as a benchmark for the transaction. It ensures that the sale price is aligned with government valuations, which helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value for Ashok Brindavanam Phase - IV?

The current guideline value for Ashok Brindavanam Phase - IV is Rs 1,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 800 per sq.ft in 2017 to Rs 1,310 per sq.ft in 2024, representing a total increase of 64% over this period.

What is the land classification for Ashok Brindavanam Phase - IV?

Ashok Brindavanam Phase - IV is classified as Residential Special Type - III, indicating its suitability for residential development.

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

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, a 1,000 sq.ft plot at Rs 1,310 per sq.ft incurs a total of Rs 1,17,900 in fees.

Which office handles registrations for Ashok Brindavanam Phase - IV?

The Avadi Sub Registrar Office is responsible for property registrations in Ashok Brindavanam Phase - IV, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.