Guideline Value for ASHOK NANDHAVANAM PHASE III

Ashok Nandhavanam Phase III guideline value

The current guideline value of Ashok Nandhavanam Phase III is Rs 1,375 per sq.ft, effective from 1 July 2024. This area is located in Kannampalayam village and falls under the Kunrathur SRO. The land classification for this street is Mixed Special Type - I.

How the guideline value of Ashok Nandhavanam Phase III has changed

The guideline value for Ashok Nandhavanam Phase III has seen several revisions over the years. In 2012, the guideline value was Rs 1,250 per sq.ft. This figure remained until the next revision in 2017, where it dropped to Rs 837 per sq.ft, marking a decrease of 33%. The 2023 revision increased the value to Rs 1,250 per sq.ft and further rose to Rs 1,375 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value rose significantly by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kannampalayam

In Kannampalayam, there are 75 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 765 to Rs 4,000 per sq.ft. The median value is Rs 1,375 per sq.ft, which is equal to the guideline value of Ashok Nandhavanam Phase III.

• Ashok Nandhavanam Phase II: Rs 1,375 per sq.ft (2024)
• Ashok Nandhavanam: Rs 880 per sq.ft (2024)
• Athiya Villa "sri Ambal Garden": Rs 2,955 per sq.ft (2024)
• Aravindh Nagar: Rs 1,650 per sq.ft (2024)
• Annai Nagar Phase II: Rs 1,970 per sq.ft (2024)
• Annai Nagar Phase-I: Rs 1,970 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Nandhavanam Phase III

For a 1,000 sq.ft plot at the current guideline value of Rs 1,375 per sq.ft, the total guideline value would be Rs 13,75,000. The stamp duty at 7% would amount to Rs 96,250, and the registration fee at 2% would be Rs 27,500, bringing the total to Rs 1,23,750. 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 Nandhavanam Phase III?

The Sub Registrar Office that covers Ashok Nandhavanam Phase III is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Kannampalayam, as it determines the minimum value at which a property can be registered. When buying or selling property, this value is used to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value, as it can influence the total costs involved in the transaction. Understanding this value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Ashok Nandhavanam Phase III?

The current guideline value of Ashok Nandhavanam Phase III is Rs 1,375 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,250 per sq.ft in 2012 to Rs 837 per sq.ft in 2017, then to Rs 1,250 per sq.ft in 2023, and finally to Rs 1,375 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Ashok Nandhavanam Phase III?

For a 1,000 sq.ft plot, the total guideline value is Rs 13,75,000. The stamp duty would be Rs 96,250, and the registration fee would be Rs 27,500, totaling Rs 1,23,750.

Which Sub Registrar Office covers Ashok Nandhavanam Phase III?

The Kunrathur Sub Registrar Office covers Ashok Nandhavanam Phase III, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Ashok Nandhavanam Phase III?

The land classification for Ashok Nandhavanam Phase III is Mixed Special Type - I, which is important for understanding the zoning and development regulations in the area.