Guideline Value for ASK ENCLAVE PHASE -I

Ask Enclave Phase -I guideline value

The current guideline value for Ask Enclave Phase -I is Rs 800 per sq.ft. This property is located in Kavanur village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Ask Enclave Phase -I has changed

According to the guideline value register, the figures for Ask Enclave Phase -I have been revised several times. The 2017 revision set the value at Rs 536 per sq.ft. This remained unchanged in the 2023 revision, which also recorded Rs 800 per sq.ft. The latest revision in 2024 has maintained the value at Rs 800 per sq.ft, reflecting a 49% increase from the 2017 figure.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. The change from 2017 to 2023 was a significant increase of 49%, and overall, from 2017 to 2024, the increase is also 49%.

Guideline values in Kavanur

Kavanur village has a total of 109 streets under the Gooduvancheri SRO, with the 2024 guideline values ranging from Rs 500 to Rs 2,239 per sq.ft. The median guideline value for these streets is Rs 800 per sq.ft, which is equal to the current value for Ask Enclave Phase -I.

• Ask Enclave: Rs 600 per sq.ft (2024)
• Ashthalakshmi Nagar: Rs 800 per sq.ft (2024)
• A.L.N. Layout: Rs 600 per sq.ft (2024)
• BSNL Avenue: Rs 600 per sq.ft (2024)
• CEE.PAA.Athithanar Nagar: Rs 600 per sq.ft (2024)
• Agastheeswarar Nagar: Rs 804 per sq.ft (2024)

Stamp duty and registration fee for property in Ask Enclave Phase -I

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000. Together, the total cost for these fees would be 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 information on fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ask Enclave Phase -I?

The Sub Registrar Office that covers Ask Enclave Phase -I is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery - 603202, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value serves as a benchmark for property transactions in Kavanur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the transaction is recorded accurately and in compliance with local regulations.

During the registration process, the guideline value is compared with the sale price of the property. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value for Ask Enclave Phase -I?

The current guideline value for Ask Enclave Phase -I is Rs 800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has seen a 49% increase from Rs 536 per sq.ft in 2017 to Rs 800 per sq.ft in 2024. The value remained unchanged at Rs 800 per sq.ft from 2023 to 2024.

What are the other streets in Kavanur and their guideline values?

Other streets in Kavanur include Ask Enclave at Rs 600 per sq.ft, Ashthalakshmi Nagar at Rs 800 per sq.ft, and Agastheeswarar Nagar at Rs 804 per sq.ft, among others.

What fees are associated with buying property in Ask Enclave Phase -I?

When buying property in Ask Enclave Phase -I, you will need to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

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