Guideline Value for ASHOK NANDHAVANAM PHASE II

Ashok Nandhavanam Phase II guideline value

The current guideline value of Ashok Nandhavanam Phase II is Rs 1,375 per sq.ft, effective from 1 July 2024. This property is located in Kannampalayam village, under the Kunrathur SRO, classified as Mixed Special Type - I.

How the guideline value of Ashok Nandhavanam Phase II has changed

Over the years, the guideline value of Ashok Nandhavanam Phase II has seen several revisions. The 2012 revision set the value at Rs 1,250 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 837 per sq.ft, marking a decrease of 33%. The value increased to Rs 1,250 per sq.ft in the 2023 revision, and then rose again 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 increased significantly by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value. The revisions for the years 2002, 2003, and 2007 have no figures recorded 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 for these streets is Rs 1,375 per sq.ft, which is equal to the 2024 guideline value of Ashok Nandhavanam Phase II.

• Ashok Nandhavanam Phase III: 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 II

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

The Sub Registrar Office that covers Ashok Nandhavanam Phase II 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 Kannampalayam

The guideline value is an essential factor during the registration of property transactions in Kannampalayam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Ashok Nandhavanam Phase II 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 is the land classification for Ashok Nandhavanam Phase II?

Ashok Nandhavanam Phase II is classified as Mixed Special Type - I.

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

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 13,75,000, the total fees would amount to Rs 1,23,750.

Which office handles property registration for Ashok Nandhavanam Phase II?

The Kunrathur Sub Registrar Office handles property registration for Ashok Nandhavanam Phase II, located at No.59, Road Street, Kundrathur, Chennai -600 069.