Guideline Value for ASHOK BRINDHAVANAM

Ashok Brindhavanam guideline value

The current guideline value of Ashok Brindhavanam in Naduveerapattu village is Rs 550 per sq.ft, effective from 1 July 2024. This area falls under the Padappai SRO and is classified as Residential Class I Type - I.

How the guideline value of Ashok Brindhavanam has changed

The guideline value for Ashok Brindhavanam has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 550 per sq.ft, an increase of 10% from the 2023 figure of Rs 500 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 335 per sq.ft, marking a significant increase of 49% to the 2023 figure. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the current 2024 revision, the guideline value has increased by 64%. This reflects the changes in the real estate landscape in the area over the years.

Guideline values in Naduveerapattu

Naduveerapattu village has a total of 96 streets under the Padappai SRO that carry 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, indicating that Ashok Brindhavanam's 2024 figure is below the median.

• Ashok Brindavanam Phase - III: Rs 550 per sq.ft (2024)
• Ashok Brindavanam Phase - II: Rs 550 per sq.ft (2024)
• Arulappa Nagar: Rs 550 per sq.ft (2024)
• Anthonypuram: Rs 440 per sq.ft (2024)
• Anthony Nagar: Rs 1,320 per sq.ft (2024)
• Anthoniyar Koil Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Brindhavanam

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ashok Brindhavanam?

The Ashok Brindhavanam area falls under the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Naduveerapattu. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for all property transactions.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair price, reflecting the official valuation set by the government. This helps maintain transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Ashok Brindhavanam?

The current guideline value of Ashok Brindhavanam 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 550 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the registration office for Ashok Brindhavanam?

The registration office for Ashok Brindhavanam is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What are the stamp duty and registration fees for property in Ashok Brindhavanam?

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.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that properties are registered at an official valuation set by the government.