Guideline Value for ASHOK BRINDHAVAN NAGAR 3RD STREET

Ashok Brindhavan Nagar 3rd Street guideline value

The current guideline value of Ashok Brindhavan Nagar 3rd 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. The land classification for this area is Residential Special Type - I.

How the guideline value of Ashok Brindhavan Nagar 3rd Street has changed

The guideline value for Ashok Brindhavan Nagar 3rd Street has seen several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which was then decreased to Rs 2,010 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 3,000 per sq.ft in the 2023 revision, and finally, it rose to Rs 3,300 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

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, with a median value of Rs 2,200 per sq.ft. The guideline value for Ashok Brindhavan Nagar 3rd Street is above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations based on the property value.

Which Sub Registrar Office covers Ashok Brindhavan Nagar 3rd Street?

The Sub Registrar Office that covers Ashok Brindhavan Nagar 3rd 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. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Iyyappanthangal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, buyers must consider the guideline value, as the stamp duty is charged on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Ashok Brindhavan Nagar 3rd Street?

The current guideline value for Ashok Brindhavan Nagar 3rd 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 2023 to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase. It was Rs 2,010 per sq.ft in 2017 and Rs 3,000 per sq.ft in 2012, indicating a significant increase over the years.

What is the land classification for Ashok Brindhavan Nagar 3rd Street?

The land classification for Ashok Brindhavan Nagar 3rd Street is Residential Special Type - I.

How does the guideline value affect stamp duty?

The guideline value affects the stamp duty as it is used to determine the fees payable during property registration. The stamp duty is charged on the higher of the guideline value or the sale price of the property.

Where can I find the Sub Registrar Office for Ashok Brindhavan Nagar 3rd Street?

The Sub Registrar Office for Ashok Brindhavan Nagar 3rd Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find more details online.