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Guideline Value

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Guideline Value for Aryagowder Road (Block 60, T.S 44)

₹11000/sq.ft.

The guideline value for Aryagowder Road (block 60, T.s 44) in Kodambakkam village (Ashok Nagar SRO, Chennai zone) is Rs 11000 per sq.ft, effective 1 July 2024. It was Rs 10000 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

Kodambakkam

Village

Ashok Nagar

SRO

Commercial Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹11000 /sq.ft.
From 1-4-2023 ₹10000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹6700 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹10000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹3810 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561082
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Aryagowder Road (block 60, T.s 44)

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Aryagowder Road (Block 60, T.S 44) guideline value

The current guideline value of Aryagowder Road (Block 60, T.S 44) is Rs 11,000 per sq.ft, effective from 1 July 2024. This road is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Commercial Special Type - I.

How the guideline value of Aryagowder Road (Block 60, T.S 44) has changed

Over the years, the guideline value for Aryagowder Road has seen significant changes. In the 2007 revision, the guideline value was Rs 3,810 per sq.ft. This increased to Rs 10,000 per sq.ft in the 2012 revision, reflecting a rise of 162%. However, in the 2017 revision, the value decreased to Rs 6,700 per sq.ft, marking a decline of 33%. The value then increased to Rs 10,000 per sq.ft in the 2023 revision, and finally, it reached Rs 11,000 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the 2024 revision, there has been a substantial increase of 189%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, placing Aryagowder Road (Block 60, T.S 44) above that median.

Stamp duty and registration fee for property in Aryagowder Road (Block 60, T.S 44)

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value would be Rs 1,10,00,000. The stamp duty at 7% would amount to Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, leading to a total of Rs 9,90,000 for these fees. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Aryagowder Road (Block 60, T.S 44)?

The Sub Registrar Office that covers Aryagowder Road (Block 60, T.S 44) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in this area.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Aryagowder Road?

The current guideline value of Aryagowder Road (Block 60, T.S 44) is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 3,810 per sq.ft to Rs 11,000 per sq.ft in 2024, reflecting an overall increase of 189% across the revisions.

What is the land classification for Aryagowder Road?

The land classification for Aryagowder Road (Block 60, T.S 44) is Commercial Special Type - I.

What are the stamp duty and registration fees for a property on Aryagowder Road?

For a property valued at Rs 1,10,00,000, the stamp duty would be Rs 7,70,000, and the registration fee would be Rs 2,20,000, totaling Rs 9,90,000.

Which office handles registrations for Aryagowder Road?

The Ashok Nagar Sub Registrar Office is responsible for handling registrations for Aryagowder Road (Block 60, T.S 44), located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.