Guideline Value

Corporate

Guideline Value for ASHOK PILLAR MAIN ROAD

₹8800/sq.ft.

The guideline value for Ashok Pillar Main Road in Ekkaduthangal village (Chennai South Joint I SRO, Chennai zone) is Rs 8800 per sq.ft, effective 1 July 2024. It was Rs 8000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ekkaduthangal

Village

Chennai South Joint I

SRO

Commercial Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹8800 /sq.ft.
From 1-4-2023 ₹8000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹5360 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹8000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1075 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹932 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Ashok Pillar Main Road

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Ashok Pillar Main Road guideline value

The current guideline value of Ashok Pillar Main Road is Rs 8,800 per sq.ft, effective from 1 July 2024. This road is located in Ekkaduthangal village and falls under the Chennai South Joint I SRO. The land classification for this area is Commercial Special Type - I.

How the guideline value of Ashok Pillar Main Road has changed

The guideline value for Ashok Pillar Main Road has seen several revisions over the years. In 2002, the value was Rs 932 per sq.ft, which increased to Rs 1,075 per sq.ft in 2003, marking a 15% rise. The value then increased to Rs 1,400 per sq.ft in 2007, reflecting a 30% change. By 2012, the value rose significantly to Rs 8,000 per sq.ft, which was a 471% increase from the previous revision. However, in 2017, the value decreased to Rs 5,360 per sq.ft, showing a decline of 33%.

In 2023, the guideline value was revised to Rs 8,000 per sq.ft, and the most recent revision in 2024 saw it increase to Rs 8,800 per sq.ft, a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 844%.

Guideline values in Ekkaduthangal

In Ekkaduthangal, there are 190 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,080 to Rs 8,800 per sq.ft, with a median value of Rs 4,620 per sq.ft. The guideline value for Ashok Pillar Main Road is above this median.

Stamp duty and registration fee for property in Ashok Pillar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value would be Rs 88,00,000. The stamp duty at 7% would amount to Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, bringing the total to Rs 7,92,000. 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 Pillar Main Road?

The Sub Registrar Office that covers Ashok Pillar Main Road is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ekkaduthangal. It determines the amount of stamp duty and registration fees that need to be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property transaction occurs, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in the real estate market. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Ashok Pillar Main Road?

The current guideline value of Ashok Pillar Main Road is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 932 per sq.ft in 2002 to Rs 8,800 per sq.ft in 2024, reflecting an overall increase of 844%.

What is the land classification for Ashok Pillar Main Road?

The land classification for Ashok Pillar Main Road is Commercial Special Type - I.

Where can I find the Sub Registrar Office for Ashok Pillar Main Road?

The Sub Registrar Office is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the stamp duty calculated for properties in Ashok Pillar Main Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 88,00,000, the stamp duty would be Rs 6,16,000 at 7%.