Guideline Value for Ashok Avenue 3rd Street

Ashok Avenue 3rd Street guideline value

The current guideline value of Ashok Avenue 3rd Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village, under the Sembiam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Ashok Avenue 3rd Street has changed

In the 2007 revision, the guideline value was Rs 700 per sq.ft. This figure saw a significant increase in the 2012 revision, where it rose to Rs 3,000 per sq.ft, marking a change of +329%. The value remained unchanged at Rs 3,000 per sq.ft in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 3,300 per sq.ft, reflecting a change of +10% from the previous year.

The register has no figures for the years 2002, 2003, and 2017 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +371%.

Guideline values in Kolathur

Kolathur village has a total of 879 streets under the Sembiam SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, which is equal to the guideline value of Ashok Avenue 3rd Street.

• Ashok Avenue 1st Street: Rs 3,300 per sq.ft (2024)
• Ashok Avenue 2nd Street: Rs 3,300 per sq.ft (2024)
• Ashok Avenue 3rd Street: Rs 3,300 per sq.ft (2024)
• Ashok Avenue 4th Street: Rs 3,300 per sq.ft (2024)
• Ashok Avenue 5th Street: Rs 3,300 per sq.ft (2024)
• Ashok Avenue 6th Street: Rs 3,300 per sq.ft (2024)
• Ashok Avenue 7th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Avenue 3rd Street

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 fees to Rs 2,97,000. Please note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Ashok Avenue 3rd Street?

The Ashok Avenue 3rd Street falls under the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kolathur. It determines the minimum price at which a property can be registered, ensuring that the transaction is recorded accurately for tax purposes.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for all property transactions. This ensures that both the buyer and seller are aware of the financial obligations involved in the transfer of ownership.

Frequently asked questions

What is the current guideline value of Ashok Avenue 3rd Street?

The current guideline value of Ashok Avenue 3rd Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 700 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, which is an overall increase of +371%.

What are the stamp duty and registration fees for property in Ashok Avenue 3rd Street?

For a 1,000 sq.ft plot, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000 based on the current guideline value.

Which office handles the registration for Ashok Avenue 3rd Street?

The Sembiam Sub Registrar Office handles the registration for Ashok Avenue 3rd Street, located at 5, Papermills Road, Sembiam, Chennai - 600011.

What is the land classification for Ashok Avenue 3rd Street?

Ashok Avenue 3rd Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.