Guideline Value for ASHOK BRINDAVANAM PHASE V

Ashok Brindavanam Phase V guideline value

The current guideline value of Ashok Brindavanam Phase V is Rs 1,590 per sq.ft, effective from 1 July 2024. This property is located in Nemam village, under the Avadi Sub Registrar Office (SRO), and is classified as Residential Class III Type - I.

How the guideline value of Ashok Brindavanam Phase V has changed

The guideline value for Ashok Brindavanam Phase V has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 1,590 per sq.ft, which reflects an increase from the 2023 revision of Rs 1,450 per sq.ft. This change represents a 10% increase from the previous year.

Prior to the 2023 revision, the register has no figures for this street in the years 2017, 2012, 2007, 2003, and 2002. Therefore, the only figures available are from 2023 and 2024.

Guideline values in Nemam

In Nemam, there are 14 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 1,590 per sq.ft. The median guideline value for these streets is Rs 740 per sq.ft, placing Ashok Brindavanam Phase V above this median.

• Ashok Brindavanam Phase - IV: Rs 1,310 per sq.ft (2024)
• Ashok Brindhavanam: Rs 770 per sq.ft (2024)
• Ashok Brindavanam Phase III: Rs 770 per sq.ft (2024)
• Ashok Brindavanam Phase II: Rs 770 per sq.ft (2024)
• Glorious City: Rs 330 per sq.ft (2024)
• Kamatchi Nagar: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Brindavanam Phase V

For a 1,000 sq.ft plot at the current guideline value of Rs 1,590 per sq.ft, the total guideline value would be Rs 15,90,000. The stamp duty at 7% would amount to Rs 1,11,300, and the registration fee at 2% would be Rs 31,800, leading to a total of Rs 1,43,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ashok Brindavanam Phase V?

The Ashok Brindavanam Phase V property falls under 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

The guideline value is a critical factor in property transactions in Nemam, as it serves as a benchmark for determining the stamp duty and registration fees payable during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold or purchased, the guideline value is used to calculate the applicable fees, ensuring that both parties are aware of the financial implications involved in the transaction. It is essential to refer to the latest guideline values to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Ashok Brindavanam Phase V?

The current guideline value of Ashok Brindavanam Phase V is Rs 1,590 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2023 to 2024?

The guideline value increased from Rs 1,450 per sq.ft in 2023 to Rs 1,590 per sq.ft in 2024, which is a 10% increase.

Are there any revisions without figures for Ashok Brindavanam Phase V?

Yes, the register has no figures for Ashok Brindavanam Phase V in the years 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value for streets in Nemam?

The median guideline value for the 14 streets in Nemam under the Avadi SRO is Rs 740 per sq.ft.

Where can I find the Sub Registrar Office for Ashok Brindavanam Phase V?

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