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. This property is located in Nemam_B village, under the Avadi SRO, and is classified as Mixed Type - I land.

How the guideline value of Ashok Brindavanam Phase III has changed

The guideline value for Ashok Brindavanam Phase III has seen several revisions over the years. The 2017 revision set the value at Rs 469 per sq.ft, which increased to Rs 700 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 has further increased the guideline value to 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 the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Nemam_B

In Nemam_B, there are 24 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 3,500 per sq.ft, with a median value of Rs 935 per sq.ft. The guideline value of Ashok Brindavanam Phase III is below this median.

• Ashok Brindavanam Phase II: Rs 770 per sq.ft (2024)
• Ashok Brindavanam Phase - IV: Rs 1,310 per sq.ft (2024)
• Ashok Brindhavanam: Rs 770 per sq.ft (2024)
• Aalayam: Rs 1,650 per sq.ft (2024)
• Aalam @ Nemam: Rs 1,100 per sq.ft (2024)
• Glorious City: 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 would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total charges to Rs 69,300. 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 details.

Which Sub Registrar Office covers Ashok Brindavanam Phase III?

The Sub Registrar Office that covers 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. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration of property transactions in Nemam_B. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is considered to ensure that the appropriate taxes are levied based on the property's value. This helps maintain transparency in property transactions and ensures compliance with local regulations.

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 has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, and then to Rs 770 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What is the land classification for Ashok Brindavanam Phase III?

Ashok Brindavanam Phase III is classified as Mixed Type - I land according to the local regulations.

Where can I find the Sub Registrar Office for Ashok Brindavanam Phase III?

The Sub Registrar Office for 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 Ashok Brindavanam Phase III?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 7,70,000 would incur a stamp duty of Rs 53,900 at 7%.