Guideline Value for ASHOK NANDAVANAM

Ashok Nandavanam guideline value

The current guideline value of Ashok Nandavanam is Rs 2,860 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village under the Kunrathur SRO, classified as Commercial Class I Type - I.

How the guideline value of Ashok Nandavanam has changed

The guideline value of Ashok Nandavanam has seen significant changes over the years. The 2017 revision recorded a value of Rs 1,742 per sq.ft, which increased to Rs 2,600 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 2024 revision shows a further increase to Rs 2,860 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, placing Ashok Nandavanam's 2024 figure above this median.

• Arunachaleshwar Nagar: Rs 1,430 per sq.ft (2024)
• Arumugam Nagar: Rs 1,760 per sq.ft (2024)
• Arulmurugan Nagar: Rs 1,210 per sq.ft (2024)
• Arul Jothi Nagar: Rs 1,210 per sq.ft (2024)
• Arignar Anna Street I St.,: Rs 660 per sq.ft (2024)
• Arignar Anna Street II St.,: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Nandavanam

For a 1,000 sq.ft plot at the current rate of Rs 2,860 per sq.ft, the guideline value amounts to Rs 28,60,000. The stamp duty at 7% would be Rs 2,00,200, and the registration fee at 2% would be Rs 57,200, totaling Rs 2,57,400. It is important to note that the 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 Sub Registrar Office covering Ashok Nandavanam is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a crucial factor in property transactions in Kunrathour-B. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the fair valuation of the property. It is essential to refer to the latest 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 2,860 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 1,742 per sq.ft in 2017 to Rs 2,860 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the land classification of Ashok Nandavanam?

Ashok Nandavanam is classified as Commercial Class I Type - I under the current land classification system.

Where can I find the registration office for Ashok Nandavanam?

The registration office for Ashok Nandavanam is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Ashok Nandavanam?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 28,60,000, the stamp duty would be Rs 2,00,200.