Guideline Value for ASHOK NANDAVANAM

Ashok Nandavanam guideline value

The current guideline value of Ashok Nandavanam is Rs 1,485 per sq.ft, effective from 1 July 2024. This area is located in Korattur-B village under the Avadi Sub Registrar Office (SRO) and is classified as Commercial Special Type - I.

How the guideline value of Ashok Nandavanam has changed

According to the guideline value register, there are no figures available for Ashok Nandavanam in the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision in 2024 sets the guideline value at Rs 1,485 per sq.ft.

Since there have been no figures for this street in the previous revisions, the current guideline value represents the first recorded figure for Ashok Nandavanam in the register.

Guideline values in Korattur-B

In Korattur-B, there are 11 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 165 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 1,000 per sq.ft, placing Ashok Nandavanam's 2024 figure above this median.

• Ashok Nandhavanam Phase-III: Rs 1,100 per sq.ft (2024)
• Balaji Nagar: Rs 550 per sq.ft (2024)
• Adeeswara Nagar: Rs 825 per sq.ft (2024)
• Meenachi Nagar: Rs 990 per sq.ft (2024)
• Nri Nest: Rs 1,100 per sq.ft (2024)
• Srinivasa Nagar: Rs 165 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Nandavanam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,485 per sq.ft, the total guideline value would be Rs 14,85,000. The stamp duty at 7% would amount to Rs 1,03,950, and the registration fee at 2% would be Rs 29,700, totaling Rs 1,33,650. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ashok Nandavanam?

The Avadi Sub Registrar Office covers Ashok Nandavanam. The office is 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 Korattur-B

The guideline value plays a crucial role during the registration of property transactions in Korattur-B. It is used to determine the applicable stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buyers and sellers engage in a transaction, the guideline value ensures that the property is assessed fairly for taxation purposes. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ashok Nandavanam?

The current guideline value of Ashok Nandavanam is Rs 1,485 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no figures available for Ashok Nandavanam in the years 2002, 2003, 2007, 2012, 2017, and 2023. The 2024 revision is the first recorded figure for this street.

What is the land classification of Ashok Nandavanam?

Ashok Nandavanam is classified as Commercial Special Type - I. This classification can influence the permissible uses of the land and its valuation.

What are the registration fees and stamp duty for Ashok Nandavanam?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fee would amount to Rs 1,33,650.

Where is the Avadi Sub Registrar Office located?

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