Guideline Value for Ashok Brindavanam Phase II

Ashok Brindavanam Phase II guideline value

The current guideline value of Ashok Brindavanam Phase II is Rs 770 per sq.ft, effective from 1 July 2024. This property is located in Nemam_B village under the Avadi SRO, with a land classification of Mixed Type - I.

How the guideline value of Ashok Brindavanam Phase II has changed

The guideline value for Ashok Brindavanam Phase II has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 770 per sq.ft, which is an increase from Rs 700 per sq.ft in the 2023 revision, marking a change of +10%. Looking further back, the 2017 revision recorded a value of Rs 469 per sq.ft, which means there has been a significant increase of +49% from 2017 to 2023 and an overall increase of +64% from 2017 to 2024.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street, indicating that the guideline value has not been revised during those years.

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. The median guideline value in this area is Rs 935 per sq.ft, placing Ashok Brindavanam Phase II's 2024 figure below the median.

• Ashok Brindavanam Phase III: 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 II

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 cost for duty and registration fees 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.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ashok Brindavanam Phase II?

The Sub Registrar Office that covers Ashok Brindavanam Phase II 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 assistance.

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

The guideline value serves as a benchmark for property transactions in Nemam_B. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that these costs are based on an official valuation.

During the registration process, the guideline value helps determine the legal value of the property, which is crucial for both buyers and sellers to understand their financial obligations. This ensures transparency and compliance with local regulations.

Frequently asked questions

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

The current guideline value of Ashok Brindavanam Phase II 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 770 per sq.ft in 2024, reflecting an overall increase of +64% over this period.

What are the other streets in Nemam_B with their guideline values?

Other streets in Nemam_B include Ashok Brindavanam Phase III and Ashok Brindhavanam, both valued at Rs 770 per sq.ft in 2024, while Ashok Brindavanam Phase - IV is valued at Rs 1,310 per sq.ft.

What are the stamp duty and registration fees for property in Ashok Brindavanam Phase II?

The stamp duty for a property valued at Rs 7,70,000 is Rs 53,900, and the registration fee is Rs 15,400, totaling Rs 69,300 for a 1,000 sq.ft plot.

Which office handles property registration for Ashok Brindavanam Phase II?

The Avadi Sub Registrar Office handles property registration for Ashok Brindavanam Phase II, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.