Guideline Value for ASHOK NIRANJAN NAGAR

Ashok Niranjan Nagar guideline value

The current guideline value of Ashok Niranjan Nagar is Rs 1,950 per sq.ft, effective from 1 July 2024. This area is located in Paleripattu village and falls under the Avadi SRO. The land classification for this street is Commercial Special Type - II.

How the guideline value of Ashok Niranjan Nagar has changed

The guideline value for Ashok Niranjan Nagar has seen several revisions over the years. The earliest recorded figure is from 2007, when the guideline value was Rs 665 per sq.ft. This increased significantly to Rs 1,800 per sq.ft in 2012, marking a rise of 171%. However, from 2012 to 2017, the value decreased to Rs 1,206 per sq.ft, a drop of 33%. The value then rose sharply to Rs 1,800 per sq.ft in 2023, reflecting a 49% increase. The most recent revision, effective from 1 July 2024, sets the guideline value at Rs 1,950 per sq.ft, an increase of 8% from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 193%.

Guideline values in Paleripattu

Paleripattu village has a total of 111 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 4,200 per sq.ft. The median value for these streets is Rs 990 per sq.ft, placing Ashok Niranjan Nagar's guideline value above this median.

• Ashok Nagar: Rs 1,480 per sq.ft (2024)
• Articial Road: Rs 1,980 per sq.ft (2024)
• Anna St: Rs 990 per sq.ft (2024)
• Annappar St: Rs 990 per sq.ft (2024)
• Andal Nagar: Rs 880 per sq.ft (2024)
• Anandha Nagar (Pudhu Nagar): Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Niranjan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,950 per sq.ft, the total guideline value would be Rs 19,50,000. The stamp duty at 7% would amount to Rs 1,36,500, and the registration fee at 2% would be Rs 39,000, bringing the total to Rs 1,75,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ashok Niranjan Nagar?

The Sub Registrar Office that covers Ashok Niranjan Nagar is 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 Paleripattu

The guideline value is a reference used during property transactions in Paleripattu. It helps determine the stamp duty and registration fees payable at the time of registration. Buyers and sellers must be aware that the guideline value is a crucial factor in calculating these costs.

When registering a property, the guideline value serves as a baseline for taxation purposes. It is essential for both parties to understand that the final registration fee will depend on the higher value between the guideline value and the actual sale price.

Frequently asked questions

What is the current guideline value for Ashok Niranjan Nagar?

The current guideline value for Ashok Niranjan Nagar is Rs 1,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 665 per sq.ft in 2007 to Rs 1,950 per sq.ft in 2024, marking an overall increase of 193% over this period.

What are the stamp duty rates applicable in Ashok Niranjan Nagar?

The stamp duty rate applicable in Ashok Niranjan Nagar is 7% of the guideline value or sale price, whichever is higher.

What is the registration fee for properties in Ashok Niranjan Nagar?

The registration fee for properties in Ashok Niranjan Nagar is 2% of the guideline value or sale price, whichever is higher.

Which office handles property registrations for Ashok Niranjan Nagar?

The Avadi Sub Registrar Office handles property registrations for Ashok Niranjan Nagar, located in Thandurai Village, Avadi Taluk, Tiruvallur District.