Guideline Value for ASHOK NANDHAVANAM

Ashok Nandhavanam guideline value

The current guideline value of Ashok Nandhavanam is Rs 1,540 per sq.ft, effective from 1 July 2024. This area is located in Melpakkam village and falls under the Kunrathur SRO. The land classification for this street is Mixed Type - I.

How the guideline value of Ashok Nandhavanam has changed

The guideline value for Ashok Nandhavanam has undergone several revisions over the years. The 2017 revision set the value at Rs 938 per sq.ft. This increased significantly to Rs 1,400 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has raised the value further to Rs 1,540 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Melpakkam

In Melpakkam, there are 17 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 4,105 per sq.ft. The median guideline value is Rs 1,540 per sq.ft, which is equal to the current guideline value of Ashok Nandhavanam.

• Kamadhenu Avenue - I: Rs 1,540 per sq.ft (2024)
• Kamadhenu Avenue - II: Rs 1,540 per sq.ft (2024)
• Kamathenu Nagar Extension: Rs 1,650 per sq.ft (2024)
• Nakshatra Garden: Rs 4,105 per sq.ft (2024)
• Perumal Koil Street: Rs 440 per sq.ft (2024)
• Royal Assets: Rs 2,530 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 1,540 per sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty at 7% would amount to Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. It is important to 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 detailed calculations.

Which Sub Registrar Office covers Ashok Nandhavanam?

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

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

The guideline value plays a crucial role during the registration process when buying or selling property in Melpakkam. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is legally recognized.

Both buyers and sellers should be aware that the guideline value may differ from the sale price. The registration fees and stamp duty are calculated based on the higher of the two amounts, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Ashok Nandhavanam?

The current guideline value of Ashok Nandhavanam is Rs 1,540 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 938 per sq.ft to Rs 1,540 per sq.ft in 2024, which is a total increase of 64%.

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

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

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

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

What are the other streets in Melpakkam with guideline values?

Other streets in Melpakkam under the Kunrathur SRO include Kamadhenu Avenue - I, Kamadhenu Avenue - II, Kamathenu Nagar Extension, Nakshatra Garden, Perumal Koil Street, and Royal Assets, with values ranging from Rs 440 to Rs 4,105 per sq.ft.