Guideline Value for Ashok Brindhavanam

Ashok Brindhavanam guideline value

The current guideline value of Ashok Brindhavanam is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Nemam_B village, under the jurisdiction of the Avadi SRO. The land classification for this street is Mixed Type - I.

How the guideline value of Ashok Brindhavanam has changed

The guideline value for Ashok Brindhavanam has seen several revisions over the years. The oldest available figure is from the 2017 revision, which was Rs 469 per sq.ft. This was followed by a significant increase to Rs 700 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the guideline 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_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 for these streets is Rs 935 per sq.ft, placing Ashok Brindhavanam's 2024 figure below this median.

• Ashok Brindavanam Phase - IV: Rs 1,310 per sq.ft (2024)
• Ashok Brindavanam Phase III: Rs 770 per sq.ft (2024)
• Ashok Brindavanam Phase II: 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 Brindhavanam

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. Together, the total cost for these fees would be 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 also use our stamp duty and registration fee calculator for more specific calculations.

Which Sub Registrar Office covers Ashok Brindhavanam?

The Sub Registrar Office that covers Ashok Brindhavanam is the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Nemam_B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid to the government during the transaction.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded accurately. Buyers and sellers must be aware of the current guideline value to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Ashok Brindhavanam?

The current guideline value of Ashok Brindhavanam 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, marking an overall increase of 64% over this period.

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

For a 1,000 sq.ft plot valued at Rs 7,70,000, the stamp duty would be Rs 53,900 and the registration fee would be Rs 15,400, totaling Rs 69,300.

Which Sub Registrar Office covers Ashok Brindhavanam?

The Avadi Sub Registrar Office covers Ashok Brindhavanam, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the sale price is accurately recorded and that the appropriate fees are paid to the government.