Guideline Value for ASHOK NAGAR

Ashok Nagar guideline value

The current guideline value of Ashok Nagar, located in Puthur village under the Tambaram Joint 1 SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - V.

How the guideline value of Ashok Nagar has changed

Over the years, the guideline value of Ashok Nagar has seen several revisions. The 2017 revision set the value at Rs 670 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2023 revision. The latest revision in 2024 raised the guideline value to Rs 1,100 per sq.ft, marking a 10% increase from the previous year. Notably, from 2017 to 2024, the overall increase in guideline value is 64%.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for Ashok Nagar. The significant changes observed include a 49% increase from 2017 to 2023, reflecting a steady rise in the guideline value over the years.

Guideline values in Puthur

Puthur village has a total of 63 streets under the Tambaram Joint 1 SRO, with the 2024 guideline values ranging from Rs 330 to Rs 4,600 per sq.ft. The guideline value for Ashok Nagar is equal to the median value of Rs 1,100 per sq.ft. Below are the guideline values for other streets in Puthur:

• A.T.A Nagar: Rs 1,100 per sq.ft (2024)
• ALS Nagar: Rs 1,100 per sq.ft (2024)
• Aiyanar Avenue: Rs 330 per sq.ft (2024)
• Chithrammal Nagar: Rs 770 per sq.ft (2024)
• Ebinezer Street: Rs 770 per sq.ft (2024)
• Eden Garden: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ashok Nagar?

The Ashok Nagar area falls under the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Puthur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ashok Nagar?

The current guideline value of Ashok Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, representing an overall increase of 64% over this period.

What are the stamp duty rates applicable in Ashok Nagar?

The stamp duty rate in Ashok Nagar is 7%, while the registration fee is 2% of the guideline value or the sale price, whichever is higher.

Which office handles registrations for Ashok Nagar?

The Tambaram Joint 1 Sub Registrar Office is responsible for handling registrations in Ashok Nagar, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification for Ashok Nagar?

The land classification for Ashok Nagar is Residential Special Type - V, indicating its designated use for residential purposes.