Guideline Value for Ashok Avenue

Ashok Avenue guideline value

The current guideline value of Ashok Avenue is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Perinjampakkam village under the Sriperumpudur SRO, classified as Residential Class I Type - I.

How the guideline value of Ashok Avenue has changed

Looking at the historical revisions, the guideline value for Ashok Avenue has seen several changes. In 2012, the value was Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 134 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49% to Rs 200 per sq.ft, and it has held steady at this rate through the 2024 revision, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, the guideline value from 2012 to 2024 has remained the same at Rs 200 per sq.ft.

Guideline values in Perinjampakkam

In Perinjampakkam village, there are 18 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft, with a median value of Rs 150 per sq.ft. Ashok Avenue's 2024 figure of Rs 200 per sq.ft is above this median.

• Annai Avenue II: Rs 150 per sq.ft (2024)
• Annai Avenue: Rs 150 per sq.ft (2024)
• Ambedhkar Nagar 3rd Street: Rs 100 per sq.ft (2024)
• Ambedhkar Nagar 2nd Street: Rs 100 per sq.ft (2024)
• Ambedhkar Nagar 1st Street: Rs 100 per sq.ft (2024)
• Agatheswarar Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Avenue

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value is Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. 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?

The Sub Registrar Office that covers Ashok Avenue is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Perinjampakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable stamp duty. This ensures that the registration reflects the true value of the transaction.

Frequently asked questions

What is the current guideline value for Ashok Avenue?

The current guideline value for Ashok Avenue is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Ashok Avenue has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 200 per sq.ft, unchanged from 2023. The value increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023.

What is the land classification for Ashok Avenue?

Ashok Avenue is classified as Residential Class I Type - I, indicating its designation for residential use within the area.

How is stamp duty calculated for property in Ashok Avenue?

Stamp duty for property in Ashok Avenue is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 at 7%.

Where is the Sub Registrar Office for Ashok Avenue located?

The Sub Registrar Office covering Ashok Avenue is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.