Guideline Value for ASHOK NANDAVANAM

Ashok Nandavanam guideline value

The current guideline value of Ashok Nandavanam is Rs 2,225 per sq.ft, effective from 1 July 2024. This area is located in Keelmanambedu village and falls under the Poonamallee SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Ashok Nandavanam has changed

The guideline value for Ashok Nandavanam has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,225 per sq.ft, which is an increase from Rs 2,025 per sq.ft in 2023. This change represents a 10% rise from the previous year.

Looking further back, there are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street. The only revisions with figures are from 2023 and 2024.

Guideline values in Keelmanambedu

In Keelmanambedu, there are four streets that have a guideline value for 2024, ranging from Rs 1,100 to Rs 3,150 per sq.ft. The median value for these streets is Rs 2,143 per sq.ft, making the guideline value of Ashok Nandavanam above this median.

• Ashok Nandhavanam Phase - III: Rs 1,100 per sq.ft (2024)
• Masilamani Nagar: Rs 3,150 per sq.ft (2024)
• Purva Raagam: Rs 2,060 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 2,225 per sq.ft, the total guideline value would be Rs 22,25,000. The stamp duty at 7% would amount to Rs 1,55,750, and the registration fee at 2% would be Rs 44,500, bringing the total to Rs 2,00,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ashok Nandavanam?

The Sub Registrar Office that covers Ashok Nandavanam is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Keelmanambedu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for legal and tax purposes. Buyers and sellers should be aware of the current guideline value to understand their financial obligations 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 2,225 per sq.ft, effective from 1 July 2024.

How has the guideline value changed recently?

The guideline value increased from Rs 2,025 per sq.ft in 2023 to Rs 2,225 per sq.ft in 2024, representing a 10% increase.

What are the other streets in Keelmanambedu with guideline values?

Other streets in Keelmanambedu include Ashok Nandhavanam Phase - III at Rs 1,100 per sq.ft, Masilamani Nagar at Rs 3,150 per sq.ft, and Purva Raagam at Rs 2,060 per sq.ft for 2024.

What fees are associated with buying property in Ashok Nandavanam?

When buying property in Ashok Nandavanam, the stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would be Rs 2,00,250.

Where can I find the Sub Registrar Office for Ashok Nandavanam?

The Sub Registrar Office for Ashok Nandavanam is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.