Guideline Value for ASHOK NANDHAVANAM PHASE-III

Ashok Nandhavanam Phase-III guideline value

The current guideline value of Ashok Nandhavanam Phase-III is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Korattur-B village under the Avadi SRO, and it is classified as Commercial Special Type - II.

How the guideline value of Ashok Nandhavanam Phase-III has changed

The guideline value register has no figures for Ashok Nandhavanam Phase-III for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is set at Rs 1,100 per sq.ft.

Since there are no previous figures available for this street, there have been no changes recorded between revisions. The 2024 guideline value stands alone as the first entry for Ashok Nandhavanam Phase-III.

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 value for these streets is Rs 1,000 per sq.ft, placing Ashok Nandhavanam Phase-III above the median.

• Ashok Nandavanam: Rs 1,485 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 Nandhavanam Phase-III

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. 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 detailed calculations.

Which Sub Registrar Office covers Ashok Nandhavanam Phase-III?

The Ashok Nandhavanam Phase-III area falls under the Avadi Sub Registrar Office, 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 in the registration process of property transactions in Korattur-B. It is used to determine the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is registered, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the registration fees reflect the true value of the property being transferred.

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 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value register has no figures for Ashok Nandhavanam Phase-III for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision.

What is the land classification for Ashok Nandhavanam Phase-III?

Ashok Nandhavanam Phase-III is classified as Commercial Special Type - II under the land classification system.

What are the registration fees for property in Ashok Nandhavanam Phase-III?

For a property valued at Rs 11,00,000, the stamp duty at 7% would be Rs 77,000 and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000.

Which office handles registrations for Ashok Nandhavanam Phase-III?

The Avadi Sub Registrar Office handles registrations for Ashok Nandhavanam Phase-III, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District.