Guideline Value for ASHOK BRINDHAVAN NAGAR 1ST STREET

Ashok Brindhavan Nagar 1st Street guideline value

The current guideline value of Ashok Brindhavan Nagar 1st Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Iyyappanthangal village and falls under the Chennai South Joint I SRO, with a land classification of Residential Special Type - I.

How the guideline value of Ashok Brindhavan Nagar 1st Street has changed

The guideline value for Ashok Brindhavan Nagar 1st Street has seen several revisions over the years. In 2012, the guideline value was Rs 3,000 per sq.ft, which decreased to Rs 2,010 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 3,000 per sq.ft, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year’s Rs 3,000 per sq.ft.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Iyyappanthangal

In Iyyappanthangal, there are 134 streets under the Chennai South Joint I SRO that carry 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 Brindhavan Nagar 1st Street above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be 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 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 Brindhavan Nagar 1st Street?

The Sub Registrar Office that covers Ashok Brindhavan Nagar 1st Street 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, Chennai registration zone.

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 stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the overall cost of the transaction. Understanding this value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Ashok Brindhavan Nagar 1st Street?

The current guideline value of Ashok Brindhavan Nagar 1st Street 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 from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then increased to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification of Ashok Brindhavan Nagar 1st Street?

The land classification of Ashok Brindhavan Nagar 1st Street is Residential Special Type - I.

Where can I find the Sub Registrar Office for Ashok Brindhavan Nagar 1st Street?

The Sub Registrar Office for Ashok Brindhavan Nagar 1st Street 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.

How is the stamp duty calculated in Iyyappanthangal?

Stamp duty in Iyyappanthangal is calculated based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.