Guideline Value for ASHOK NIRANJAN PHASE -IV

Ashok Niranjan Phase -IV guideline value

The current guideline value of Ashok Niranjan Phase -IV is Rs 2,000 per sq.ft as per the 2023 revision. This area falls under Kolapakkam village and is classified as Residential Special Type - III. The relevant Sub Registrar Office for this location is the Gooduvancheri SRO.

How the guideline value of Ashok Niranjan Phase -IV has changed

The guideline value for Ashok Niranjan Phase -IV has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 1,340 per sq.ft. This was a substantial increase from the previous revisions, with no figures available for the years 2002, 2003, 2007, and 2012. The most recent revision in 2023 marked a further increase to Rs 2,000 per sq.ft, which represents a 49% rise from the 2017 value.

To summarize, the guideline value has risen from Rs 1,340 per sq.ft in 2017 to Rs 2,000 per sq.ft in 2023. This reflects a notable change in the valuation of properties in this area, with no figures available for the earlier revisions.

Guideline values in Kolapakkam

Currently, there are no specific village figures available for Kolapakkam. However, Ashok Niranjan Phase -IV is situated within this locality. There are no other streets in Kolapakkam listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Ashok Niranjan Phase -IV

For a 1,000 sq.ft plot at the current rate of Rs 2,000 per sq.ft, the guideline value amounts to Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000. Together, these fees total Rs 1,80,000. It is important to note that the 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 Phase -IV?

The Ashok Niranjan Phase -IV area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kolapakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller adhere to the legal requirements set by the registration authorities. This helps maintain transparency and compliance in real estate transactions.

Frequently asked questions

What is the current guideline value of Ashok Niranjan Phase -IV?

The current guideline value of Ashok Niranjan Phase -IV is Rs 2,000 per sq.ft, as per the 2023 revision.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,000 per sq.ft in 2023, reflecting a 49% rise.

What is the land classification for Ashok Niranjan Phase -IV?

Ashok Niranjan Phase -IV is classified as Residential Special Type - III, indicating its designated use for residential purposes.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 1,80,000.