Guideline Value for ASHVATH NAGAR EXTN I

Ashvath Nagar Extn I guideline value

The current guideline value of Ashvath Nagar Extn I is Rs 800 per sq.ft, effective from 1 July 2024. This area is located in Kuthanoor village, under the Gooduvancheri SRO, and is classified as Residential Special Type - III.

How the guideline value of Ashvath Nagar Extn I has changed

In the 2017 revision, the guideline value was set at Rs 536 per sq.ft. This figure remained unchanged until the 2023 revision, where it was still Rs 800 per sq.ft. The 2024 revision also maintains the guideline value at Rs 800 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value saw a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has also increased by 49%, reflecting the same value in the most recent revisions.

Guideline values in Kuthanoor

Kuthanoor village has 30 streets under the Gooduvancheri SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 2,000 per sq.ft. The median value among these streets is Rs 800 per sq.ft, which aligns with the guideline value of Ashvath Nagar Extn I.

• Asthalakshmi Nagar: Rs 705 per sq.ft (2024)
• Aswath Nagar: Rs 805 per sq.ft (2024)
• Bharath Avenue: Rs 800 per sq.ft (2024)
• Amman Avenue: Rs 400 per sq.ft (2024)
• Ajai Square: Rs 600 per sq.ft (2024)
• Chitti Vinayagar Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Ashvath Nagar Extn I

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty, charged at 7%, would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total cost for these fees to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ashvath Nagar Extn I?

The Sub Registrar Office that covers Ashvath Nagar Extn I is 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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kuthanoor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are recorded accurately and transparently.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers need to be aware that these fees are based on the guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ashvath Nagar Extn I?

The current guideline value of Ashvath Nagar Extn I is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 800 per sq.ft from 2023 to 2024, while it increased by 49% from Rs 536 per sq.ft in 2017 to Rs 800 per sq.ft in 2023.

What is the classification of land in Ashvath Nagar Extn I?

Ashvath Nagar Extn I is classified as Residential Special Type - III, indicating its designated use for residential purposes.

Where can I find the Sub Registrar Office for Ashvath Nagar Extn I?

The Sub Registrar Office for Ashvath Nagar Extn I is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated in Ashvath Nagar Extn I?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,00,000, the stamp duty at 7% would be Rs 56,000.