Guideline Value for ASHOK NANDHAVANAM

Ashok Nandhavanam guideline value

The current guideline value of Ashok Nandhavanam is Rs 1,440 per sq.ft, effective from 1 July 2024. This property is located in Nedunkumdram village under the Tambaram Joint 1 SRO, classified as Residential Class III Type - I.

How the guideline value of Ashok Nandhavanam has changed

The guideline value for Ashok Nandhavanam has seen significant changes over the years. In the 2017 revision, the value was Rs 871 per sq.ft, which increased to Rs 1,307 per sq.ft in 2023, marking a 50% rise. The latest revision in 2024 reflects a further increase to Rs 1,440 per sq.ft, which is a 10% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 65%. There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Nedunkumdram

Nedunkumdram village has a total of 75 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 330 to Rs 5,300 per sq.ft as of 2024. The median value for these streets is Rs 2,200 per sq.ft, placing Ashok Nandhavanam's 2024 figure below this median.

• Ashok Nagar: Rs 1,100 per sq.ft (2024)
• Auris: Rs 3,080 per sq.ft (2024)
• Balasubramaniyam Nagar Phase II: Rs 2,750 per sq.ft (2024)
• Akshaya Garden: Rs 3,300 per sq.ft (2024)
• Aishwaryam Garden: Rs 3,300 per sq.ft (2024)
• Casagrand Vistaaz: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Nandhavanam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,440 per sq.ft, the total guideline value amounts to Rs 14,40,000. The stamp duty at 7% would be Rs 1,00,800, and the registration fee at 2% would be Rs 28,800, leading to a total cost of Rs 1,29,600. Please note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ashok Nandhavanam?

The Sub Registrar Office that covers Ashok Nandhavanam is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is an essential reference point during property transactions in Nedunkumdram. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When registering a property, the guideline value or the sale price, whichever is higher, is considered for calculating the applicable duties. This ensures that the registration process is transparent and fair, adhering to the established values set by the registration department.

Frequently asked questions

What is the current guideline value of Ashok Nandhavanam?

The current guideline value of Ashok Nandhavanam is Rs 1,440 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 871 per sq.ft in 2017 to Rs 1,440 per sq.ft in 2024, reflecting a total increase of 65% over this period.

What is the classification of land in Ashok Nandhavanam?

Ashok Nandhavanam is classified as Residential Class III Type - I, which indicates its suitability for residential development.

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

The Sub Registrar Office for Ashok Nandhavanam is located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Ashok Nandhavanam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, on a property valued at Rs 14,40,000, the stamp duty at 7% would amount to Rs 1,00,800.