Guideline Value for ASHOK GREEN CITY PHASE VII

Ashok Green City Phase VII guideline value

The current guideline value of Ashok Green City Phase VII is Rs 500 per sq.ft. This area is located in Keerapakkam village, under the jurisdiction of the Gooduvancheri SRO, and is classified as Residential Special Type - IV.

How the guideline value of Ashok Green City Phase VII has changed

The guideline value for Ashok Green City Phase VII has undergone several revisions over the years. The most recent revision in 2023 set the guideline value at Rs 500 per sq.ft, an increase from Rs 335 per sq.ft in the 2017 revision. Notably, there was a decrease from Rs 500 per sq.ft in the 2012 revision to Rs 335 per sq.ft in 2017, marking a decline of 33%. Overall, from 2012 to 2023, the guideline value remains unchanged at Rs 500 per sq.ft.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street. Therefore, the only available guideline values are from the years 2012, 2017, and 2023.

Guideline values in Keerapakkam

Currently, there are no specific village figures provided for Keerapakkam. Ashok Green City Phase VII is one of the areas under the Gooduvancheri SRO. There are no other streets in Keerapakkam listed with guideline values.

Stamp duty and registration fee for property in Ashok Green City Phase VII

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total fees to Rs 45,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ashok Green City Phase VII?

The Sub Registrar Office that covers Ashok Green City Phase VII is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Keerapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the expected costs involved in the transaction. It is essential to consider the guideline value alongside the sale price, as the higher of the two will be used to calculate the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Ashok Green City Phase VII?

The current guideline value of Ashok Green City Phase VII is Rs 500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, a decrease of 33%. It then increased back to Rs 500 per sq.ft in 2023, resulting in no overall change from 2012 to 2023.

What are the stamp duty and registration fees for property in Ashok Green City Phase VII?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 35,000 and the registration fee is Rs 10,000, totaling Rs 45,000. These fees are calculated based on the higher of the guideline value or the sale price.

Which office handles registrations for Ashok Green City Phase VII?

The Gooduvancheri Sub Registrar Office handles registrations for Ashok Green City Phase VII. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Are there other streets in Keerapakkam with guideline values?

Currently, there are no other streets in Keerapakkam listed with guideline values. Ashok Green City Phase VII is the only area mentioned under the Gooduvancheri SRO.