Guideline Value for Ashok Green City

Ashok Green City guideline value

The current guideline value of Ashok Green City, located in Keerapakkam village, is Rs 400 per sq.ft as per the 2023 revision. This area falls under the Gooduvancheri SRO and is classified as Residential Class I Type - I.

How the guideline value of Ashok Green City has changed

The guideline value for Ashok Green City has undergone several revisions over the years. In the 2012 revision, the guideline value was set at Rs 400 per sq.ft. However, this figure changed in the 2017 revision, where it dropped to Rs 268 per sq.ft, marking a decrease of 33%. The latest revision in 2023 saw a significant increase to Rs 400 per sq.ft, representing a 49% rise from the 2017 figure.

Overall, when comparing the 2012 and 2023 revisions, the guideline value remains unchanged at Rs 400 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Keerapakkam

Currently, there are no specific village figures available for Keerapakkam. Ashok Green City is one of the streets under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Ashok Green City

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty is charged at 7%, which totals Rs 28,000, and the registration fee is 2%, amounting to Rs 8,000. Together, the total cost for stamp duty and registration fee is Rs 36,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ashok Green City?

The Gooduvancheri Sub Registrar Office covers Ashok Green City. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu 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 Keerapakkam

When buying or selling property in Keerapakkam, the guideline value plays a crucial role in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall transaction costs. Understanding the guideline value helps in making informed decisions during the registration process.

Frequently asked questions

What is the current guideline value of Ashok Green City?

The current guideline value of Ashok Green City is Rs 400 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then back to Rs 400 per sq.ft in 2023. Overall, there has been no change from 2012 to 2023.

What is the land classification for Ashok Green City?

Ashok Green City is classified as Residential Class I Type - I, indicating its designation for residential use.

Where can I find the Gooduvancheri Sub Registrar Office?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft would incur a total cost of Rs 36,000 for stamp duty and registration fees.