Guideline Value for Ashok Brindavanam Phase III

Ashok Brindavanam Phase III guideline value

The current guideline value of Ashok Brindavanam Phase III is Rs 770 per sq.ft, effective from 1 July 2024. This property is located in Nemam village under the Avadi Sub Registrar Office (SRO) jurisdiction. The land classification for this area is Mixed Type - I.

How the guideline value of Ashok Brindavanam Phase III has changed

In the 2017 revision, the guideline value was Rs 469 per sq.ft. This increased to Rs 700 per sq.ft in the 2023 revision, marking a 49% rise over the six years. The latest revision in 2024 has set the value at Rs 770 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Nemam

In Nemam village, there are 14 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 1,590 per sq.ft, with a median value of Rs 740 per sq.ft. The guideline value of Ashok Brindavanam Phase III is above this median.

• Ashok Brindavanam Phase II: Rs 770 per sq.ft (2024)
• Ashok Brindavanam Phase - IV: Rs 1,310 per sq.ft (2024)
• Ashok Brindavanam Phase V: Rs 1,590 per sq.ft (2024)
• Ashok Brindhavanam: Rs 770 per sq.ft (2024)
• Glorious City: Rs 330 per sq.ft (2024)
• Kamatchi Nagar: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Brindavanam Phase III

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total to Rs 69,300. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ashok Brindavanam Phase III?

The Ashok Brindavanam Phase III property falls under the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration process of property transactions in Nemam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When registering a property, the guideline value is considered to ensure that the transaction reflects an accurate market value. This helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Ashok Brindavanam Phase III?

The current guideline value of Ashok Brindavanam Phase III is Rs 770 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 469 per sq.ft to Rs 770 per sq.ft in 2024, marking a total increase of 64% over seven years.

What is the land classification for Ashok Brindavanam Phase III?

The land classification for Ashok Brindavanam Phase III is Mixed Type - I, which indicates the nature of land use in the area.

Where can I find the registration office for Ashok Brindavanam Phase III?

The registration office covering Ashok Brindavanam Phase III is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Nemam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 7,70,000, the stamp duty would be 7% of this amount.