Guideline Value for Ashok Avenue

Ashok Avenue guideline value

The current guideline value of Ashok Avenue in Puthagaram village is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Ambattur SRO and is classified as Residential Special Type - III.

How the guideline value of Ashok Avenue has changed

Over the years, the guideline value for Ashok Avenue has seen several revisions. The earliest recorded revision is from 2012, where the guideline value was Rs 2,200 per sq.ft. In 2017, this figure decreased to Rs 1,474 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 2,200 per sq.ft. The most recent revision in 2024 maintains this value, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for Ashok Avenue. Thus, the changes observed are strictly between the years for which figures are available.

Guideline values in Puthagaram

Puthagaram village has a total of 140 streets under the Ambattur SRO, with guideline values ranging from Rs 1,200 to Rs 3,800 per sq.ft. The median guideline value for these streets is Rs 1,900 per sq.ft, placing Ashok Avenue's 2024 figure above this median.

• Arow New City: Rs 3,500 per sq.ft (2024)
• Ayyappa Nagar: Rs 1,900 per sq.ft (2024)
• Ayyappan Nagar Annex: Rs 1,900 per sq.ft (2024)
• Bajanai Kovil Street: Rs 1,600 per sq.ft (2024)
• Annai Rajammal Nager Annex: Rs 1,900 per sq.ft (2024)
• Annai Rajammal Nagar: Rs 1,900 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 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty, charged at 7%, would be Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, these fees amount to Rs 1,98,000. 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 Ambattur Sub Registrar Office. The address is Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Puthagaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property transaction.

When a property is registered, the guideline value is used to calculate the applicable charges, ensuring that all transactions are conducted fairly and transparently. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Ashok Avenue?

The current guideline value of Ashok Avenue is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Ashok Avenue has remained at Rs 2,200 per sq.ft since 2023. Before that, it decreased from Rs 2,200 in 2012 to Rs 1,474 in 2017, before increasing again to Rs 2,200 in 2023.

What is the land classification for Ashok Avenue?

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

What are the stamp duty and registration fees for a property in Ashok Avenue?

For a 1,000 sq.ft plot at the current guideline value, the stamp duty is Rs 1,54,000 and the registration fee is Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office handles registrations for Ashok Avenue?

The Ambattur Sub Registrar Office handles registrations for Ashok Avenue, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai.