Guideline Value for ASHWATH MEADOWS PHASE-II

Ashwath Meadows Phase-II guideline value

The current guideline value of Ashwath Meadows Phase-II is Rs 3,300 per sq.ft, effective from 1 July 2024. This property is located in 44.Ayanambakkam village, under the Konnur SRO, and is classified as Mixed Type - I land.

How the guideline value of Ashwath Meadows Phase-II has changed

The guideline value for Ashwath Meadows Phase-II has seen notable changes over the years. In the 2017 revision, the value was Rs 3,000 per sq.ft, which remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 3,300 per sq.ft, marking a 10% rise from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 9,702 per sq.ft, with a median value of Rs 1,300 per sq.ft. The guideline value of Ashwath Meadows Phase-II is above this median.

• Ashwath Meadows Phase - I: Rs 2,130 per sq.ft (2024)
• Aswath Medows Phase-3: Rs 3,100 per sq.ft (2024)
• Auro Elios: Rs 4,478 per sq.ft (2024)
• Archana Nagar: Rs 3,100 per sq.ft (2024)
• Bajanai Kovil Street: Rs 1,300 per sq.ft (2024)
• Balaji Avenue: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Ashwath Meadows Phase-II

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. Duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ashwath Meadows Phase-II?

The Sub Registrar Office that covers Ashwath Meadows Phase-II is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is an essential factor during the registration of property transactions in 44.Ayanambakkam. It serves as a reference for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps establish a baseline for the transaction price. This ensures that both parties are aware of the minimum value recognized by the authorities, facilitating a transparent and fair process.

Frequently asked questions

What is the current guideline value of Ashwath Meadows Phase-II?

The current guideline value of Ashwath Meadows Phase-II is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 3,000 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024, marking a 10% increase. There was no change from 2017 to 2023.

What is the land classification for Ashwath Meadows Phase-II?

Ashwath Meadows Phase-II is classified as Mixed Type - I land. This classification can affect the usage and development of the property.

Where is the Sub Registrar Office for Ashwath Meadows Phase-II located?

The Konnur Sub Registrar Office is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Ashwath Meadows Phase-II?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at 7%.