Guideline Value for Ashok Avenue

Ashok Avenue guideline value

The current guideline value of Ashok Avenue in Thirupanthiyoor village is Rs 250 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Class III Type - I.

How the guideline value of Ashok Avenue has changed

The guideline value for Ashok Avenue has seen several changes over the years. In 2007, the value was Rs 170 per sq.ft, which increased to Rs 250 per sq.ft in 2012, marking a rise of 47%. However, the value then dropped to Rs 167 per sq.ft in 2017, a decrease of 33%. From 2017 to 2023, the value increased by 50% back to Rs 250 per sq.ft. The most recent revision from 2023 to 2024 saw no change, maintaining the value at Rs 250 per sq.ft.

The guideline value register does not have figures for the years 2002 and 2003 for Ashok Avenue. Overall, from 2007 to 2024, the guideline value has increased by 47%.

Guideline values in Thirupanthiyoor

In Thirupanthiyoor, there are 53 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 900 per sq.ft, with a median value of Rs 350 per sq.ft. Ashok Avenue's 2024 guideline value is below this median.

• Anthoniyar Street: Rs 350 per sq.ft (2024)
• Anthoniyarpuram: Rs 200 per sq.ft (2024)
• Anna Street: Rs 200 per sq.ft (2024)
• Angel Town: Rs 450 per sq.ft (2024)
• Angel Avenue: Rs 450 per sq.ft (2024)
• Beemapuram Road: 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 guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ashok Avenue?

The Sub Registrar Office that covers Ashok Avenue is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Thirupanthiyoor. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware that the guideline value can influence the overall costs associated with property transactions.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration process is aligned with the official valuations set by the authorities.

Frequently asked questions

What is the current guideline value of Ashok Avenue?

The current guideline value of Ashok Avenue is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Ashok Avenue has changed several times, with the most recent revision maintaining it at Rs 250 per sq.ft since 2023. The value saw a significant increase from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023.

What is the classification of land in Ashok Avenue?

Ashok Avenue is classified as Residential Class III Type - I under the guideline value register.

Where is the Sub Registrar Office for Ashok Avenue located?

The Sub Registrar Office for Ashok Avenue is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Ashok Avenue?

The stamp duty for properties 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 2,50,000, the stamp duty would be Rs 17,500 at a rate of 7%.