Guideline Value for ASHOK NANDHAVANAM

Ashok Nandhavanam guideline value

The current guideline value of Ashok Nandhavanam is Rs 880 per sq.ft, effective from 1 July 2024. This area is located in Kannampalayam village under the Kunrathur SRO and is classified as Residential Class I Type - I.

How the guideline value of Ashok Nandhavanam has changed

The guideline value has seen several revisions over the years. In 2012, the value was Rs 800 per sq.ft, which decreased to Rs 536 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly to Rs 800 per sq.ft, followed by a further increase to Rs 880 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, but the value rose by 49% from 2017 to 2023. The overall change from 2012 to 2024 reflects an increase of 10%.

Guideline values in Kannampalayam

Kannampalayam has a total of 75 streets under the Kunrathur SRO, with guideline values ranging from Rs 765 to Rs 4,000 per sq.ft as of 2024. The median guideline value for these streets is Rs 1,375 per sq.ft, positioning Ashok Nandhavanam's 2024 figure below this median.

• Ashok Nandhavanam Phase II: Rs 1,375 per sq.ft (2024)
• Ashok Nandhavanam Phase III: Rs 1,375 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

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, totaling Rs 79,200. It is important to 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 details.

Which Sub Registrar Office covers Ashok Nandhavanam?

The Ashok Nandhavanam area falls under 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 a crucial factor in property transactions in Kannampalayam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration norms and to understand the financial implications of the transaction.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of ownership. It is essential for both parties involved in the transaction to be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ashok Nandhavanam?

The current guideline value of Ashok Nandhavanam is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What are the other streets in Kannampalayam?

Other streets in Kannampalayam include Ashok Nandhavanam Phase II, Ashok Nandhavanam Phase III, Athiya Villa "sri Ambal Garden", Aravindh Nagar, and Annai Nagar Phase I and II, each with their respective guideline values.

What is the stamp duty rate for property in Ashok Nandhavanam?

The stamp duty rate for property in Ashok Nandhavanam is 7% of the guideline value or the sale price, whichever is higher.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.