Guideline Value for ASHOK NAGAR

Ashok Nagar guideline value

The current guideline value of Ashok Nagar in Paleripattu village is Rs 1,480 per sq.ft, effective from 1 July 2024. This area falls under the Avadi SRO and is classified as Residential Class I Type - IV.

How the guideline value of Ashok Nagar has changed

The guideline value for Ashok Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 300 per sq.ft, which increased dramatically to Rs 1,800 per sq.ft in 2012. However, this value decreased to Rs 1,206 per sq.ft in 2017. The 2023 revision set the value at Rs 1,350 per sq.ft, and the most recent revision in 2024 has increased it to Rs 1,480 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, there was an increase of 12%, followed by a further increase of 10% from 2023 to 2024. Notably, the value saw a significant drop of 33% from 2012 to 2017. The remarkable increase of 500% from 2007 to 2012 highlights the fluctuations in the guideline value over time. Overall, from 2007 to 2024, the guideline value has increased by 393%.

Guideline values in Paleripattu

Paleripattu village has a total of 111 streets under the Avadi SRO, with guideline values ranging from Rs 801 to Rs 4,200 per sq.ft. The median guideline value in this area is Rs 990 per sq.ft, placing Ashok Nagar's 2024 figure above that median.

• Ashok Niranjan Nagar: Rs 1,950 per sq.ft (2024)
• Articial Road: Rs 1,980 per sq.ft (2024)
• Anna St: Rs 990 per sq.ft (2024)
• Annappar St: Rs 990 per sq.ft (2024)
• Andal Nagar: Rs 880 per sq.ft (2024)
• Anandha Nagar (Pudhu Nagar): Rs 990 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 1,480 per sq.ft, the total guideline value amounts to Rs 14,80,000. The stamp duty at 7% would be Rs 1,03,600, and the registration fee at 2% would be Rs 29,600, bringing the total fees to Rs 1,33,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ashok Nagar?

The Sub Registrar Office that covers Ashok Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Paleripattu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the higher of the guideline value or the sale price is taken into account for calculating these fees. This ensures that the government receives appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Ashok Nagar?

The current guideline value of Ashok Nagar is Rs 1,480 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,480 per sq.ft in 2024, with several revisions in between, including a drop to Rs 1,206 per sq.ft in 2017.

What are the guideline values of other streets in Paleripattu?

Other streets in Paleripattu have varying guideline values, with rates ranging from Rs 801 to Rs 4,200 per sq.ft. The median guideline value in the village is Rs 990 per sq.ft.

What are the stamp duty and registration fees for properties in Ashok Nagar?

For a property valued at Rs 14,80,000, the stamp duty would be Rs 1,03,600, and the registration fee would be Rs 29,600, totaling Rs 1,33,200.

Where is the Sub Registrar Office for Ashok Nagar located?

The Avadi Sub Registrar Office, which covers Ashok Nagar, is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.