Guideline Value for ASHWATHI AVENUE

Ashwathi Avenue guideline value

The current guideline value of Ashwathi Avenue is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Kolumanivakkam village, under the Kunrathur SRO, with a land classification of Residential Class I Type - II.

How the guideline value of Ashwathi Avenue has changed

In the 2017 revision, the guideline value was set at Rs 1,000 per sq.ft. This figure saw a significant increase in the 2023 revision, rising to Rs 1,493 per sq.ft, which is a change of 49%. The most recent 2024 revision has further increased the guideline value to Rs 1,650 per sq.ft, marking an 11% rise from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 65%.

The register has no figure for Ashwathi Avenue for the years 2002, 2003, 2007, and 2012. This lack of data means that the only revisions available for this street are from 2017, 2023, and 2024.

Guideline values in Kolumanivakkam

In Kolumanivakkam, there are 47 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,290 per sq.ft. The median guideline value for these streets is Rs 1,350 per sq.ft, placing Ashwathi Avenue's 2024 figure above that median.

• Charles Nagar: Rs 1,350 per sq.ft (2024)
• Dhana Garden: Rs 1,350 per sq.ft (2024)
• Eswari Nagar: Rs 2,630 per sq.ft (2024)
• Eswari Nagar Extension: Rs 2,630 per sq.ft (2024)
• Golden City: Rs 1,210 per sq.ft (2024)
• Hari Sai Nagar: Rs 3,290 per sq.ft (2024)

Stamp duty and registration fee for property in Ashwathi Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total fees together to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ashwathi Avenue?

The Sub Registrar Office that covers Ashwathi Avenue is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for additional details.

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

The guideline value is a critical factor during the registration process when buying or selling property in Kolumanivakkam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations and to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Ashwathi Avenue?

The current guideline value of Ashwathi Avenue is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,000 per sq.ft to Rs 1,650 per sq.ft in 2024, marking an overall increase of 65%.

What is the registration office for Ashwathi Avenue?

The registration office for Ashwathi Avenue is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Ashwathi Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 1,15,500.

What are the guideline values of other streets in Kolumanivakkam?

Other streets in Kolumanivakkam have varying guideline values, with rates ranging from Rs 880 to Rs 3,290 per sq.ft. For instance, Charles Nagar and Dhana Garden both have a guideline value of Rs 1,350 per sq.ft in 2024.