Guideline Value for ASHOK GREEN CITY PHASE V

Ashok Green City Phase V guideline value

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

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

The guideline value for Ashok Green City Phase V has undergone several revisions over the years. In the 2012 revision, the guideline value was Rs 500 per sq.ft. However, this figure remained unchanged in the 2017 revision, where it dropped to Rs 335 per sq.ft. The most recent revision in 2023 saw a significant increase to Rs 500 per sq.ft, marking a 49% rise from the 2017 figure.

Overall, from 2012 to 2023, the guideline value has remained the same at Rs 500 per sq.ft, despite the fluctuations seen in the intervening years. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Keerapakkam

Currently, there are no specific village figures available for Keerapakkam. Ashok Green City Phase V is part of the Gooduvancheri SRO, and there are no other streets in Keerapakkam under this SRO listed.

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

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

Which Sub Registrar Office covers Ashok Green City Phase V?

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

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Keerapakkam. It serves as a reference point for calculating stamp duty and registration fees, ensuring that these costs are based on the established guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it affects the overall cost of property transactions. Accurate knowledge of these values helps in making informed decisions during the buying or selling process.

Frequently asked questions

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

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

How has the guideline value changed over the years?

Since 2012, the guideline value has fluctuated, with a high of Rs 500 per sq.ft in 2012 and again in 2023, while it dropped to Rs 335 per sq.ft in 2017. Overall, from 2012 to 2023, the value has remained the same.

What is the stamp duty rate for property in Ashok Green City Phase V?

The stamp duty rate for property in Ashok Green City Phase V is 7% of the guideline value or sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the registration fee calculated for properties in Ashok Green City Phase V?

The registration fee for properties in Ashok Green City Phase V is calculated at 2% of the guideline value or sale price, whichever is higher.