Guideline Value for Ashok Avenue 4th Street

Ashok Avenue 4th Street guideline value

The current guideline value of Ashok Avenue 4th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village and falls under the Sembiam SRO, classified as Residential Class I Type - I.

How the guideline value of Ashok Avenue 4th Street has changed

In the 2007 revision, the guideline value was Rs 700 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in the 2012 revision, marking a rise of 329%. However, in the 2017 revision, the value decreased to Rs 2,010 per sq.ft, which is a decline of 33%. The most recent revision in 2024 shows a substantial increase to Rs 3,300 per sq.ft, reflecting a 64% rise from the 2017 figure. The register has no figures for the years 2023, 2003, and 2002 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 371%, showcasing significant fluctuations over the years.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that carry 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 4th 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 4th 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 to Rs 2,97,000. 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 detailed calculations.

Which Sub Registrar Office covers Ashok Avenue 4th Street?

The Sub Registrar Office that covers Ashok Avenue 4th Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Kolathur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value influences the stamp duty and registration fees applicable. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring transparency in property transactions.

Frequently asked questions

What is the current guideline value of Ashok Avenue 4th Street?

The current guideline value of Ashok Avenue 4th Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has experienced significant changes, increasing from Rs 700 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, with fluctuations in between.

What are the other streets in Kolathur with the same guideline value?

Other streets in Kolathur with the same guideline value of Rs 3,300 per sq.ft include Ashok Avenue 1st, 2nd, 3rd, 5th, 6th, and 7th Streets.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is stamp duty calculated for properties in Ashok Avenue 4th Street?

Stamp duty for properties in Ashok Avenue 4th Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.