Guideline Value for Aryagowder Road Main Road

Aryagowder Road Main Road guideline value

The current guideline value of Aryagowder Road Main Road 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 Sub Registrar Office (SRO). The land classification for this area is Commercial Special Type - I.

How the guideline value of Aryagowder Road Main Road has changed

The guideline value of Aryagowder Road Main Road has undergone several revisions since 2007. In 2007, the guideline value was Rs 3,810 per sq.ft, which increased significantly to Rs 10,000 per sq.ft in 2012. However, it saw a decrease to Rs 6,700 per sq.ft in 2017. Following this, the value rose to Rs 10,000 per sq.ft in 2023, and finally to Rs 11,000 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 189%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Kodambakkam

Kodambakkam has a total of 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value is Rs 4,900 per sq.ft, placing Aryagowder Road Main Road's 2024 figure above this median.

• Aryagowder Road (Block 60, T.S 44): Rs 11,000 per sq.ft (2024)
• Aryagowder Salai: Rs 11,000 per sq.ft (2024)
• Ashoka Colony (1st Avenue): Rs 11,000 per sq.ft (2024)
• Aruna Colony: Rs 6,600 per sq.ft (2024)
• Arunachalam Street: Rs 3,300 per sq.ft (2024)
• Ashok Colony (K.K.): Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Aryagowder Road Main Road

For a 1,000 sq.ft plot at the current rate of Rs 11,000 per sq.ft, the guideline value amounts to Rs 1,10,00,000. The stamp duty at 7% would be Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, totaling Rs 9,90,000. 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 details.

Which Sub Registrar Office covers Aryagowder Road Main Road?

The Aryagowder Road Main Road is covered by the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kodambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the sale price is reflective of the market value as per the government standards.

When registering a property, buyers and sellers must be aware that the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the registration process maintains transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Aryagowder Road Main Road?

The current guideline value of Aryagowder Road Main Road is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,810 per sq.ft in 2007 to Rs 11,000 per sq.ft in 2024, marking an overall increase of 189% over this period.

What is the land classification for Aryagowder Road Main Road?

The land classification for Aryagowder Road Main Road is Commercial Special Type - I.

Where is the Ashok Nagar Sub Registrar Office located?

The Ashok Nagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is stamp duty calculated on properties in Kodambakkam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,10,00,000, the stamp duty at 7% would be Rs 7,70,000.