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Guideline Value

Corporate

Guideline Value for Ashok Nagar 6th Avenue

₹8800/sq.ft.

The guideline value for Ashok Nagar 6th Avenue in Kodambakkam village (Ashok Nagar SRO, Chennai zone) is Rs 8800 per sq.ft, effective 1 July 2024. It was Rs 8000 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodambakkam

Village

Ashok Nagar

SRO

Mixed Type - I
History
Period Guideline Value
From 1-7-2024 ₹8800 /sq.ft.
From 1-4-2023 ₹8000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹5360 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹8000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1860 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561082
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Ashok Nagar 6th Avenue

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Ashok Nagar 6th Avenue guideline value

The current guideline value of Ashok Nagar 6th Avenue is Rs 8,800 per sq.ft, effective from 1 July 2024. This property is located in Kodambakkam village, under the Ashok Nagar SRO, and is classified as Mixed Type - I land.

How the guideline value of Ashok Nagar 6th Avenue has changed

The guideline value for Ashok Nagar 6th Avenue has seen several revisions over the years. The earliest recorded figure is from 2007, when the guideline value was Rs 1,860 per sq.ft. This increased significantly to Rs 8,000 per sq.ft in 2012, marking a rise of 330%. However, the value dropped to Rs 5,360 per sq.ft in 2017, a decrease of 33%. From 2017 to 2023, the value surged by 49% to reach Rs 8,000 per sq.ft. The most recent revision in 2024 saw the guideline value increase by 10% to Rs 8,800 per sq.ft.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, the guideline value has increased by 373% from Rs 1,860 per sq.ft in 2007 to Rs 8,800 per sq.ft in 2024.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with the 2024 guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value is Rs 4,900 per sq.ft, placing Ashok Nagar 6th Avenue above this median.

Stamp duty and registration fee for property in Ashok Nagar 6th Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value would be Rs 88,00,000. The stamp duty at 7% would amount to Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, bringing the total fees to Rs 7,92,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Ashok Nagar 6th Avenue?

The Ashok Nagar 6th Avenue falls under the jurisdiction of the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor in property transactions in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property. The guideline value is used to ensure that the property is registered at a fair value, preventing undervaluation.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ashok Nagar 6th Avenue?

The current guideline value of Ashok Nagar 6th Avenue is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,860 per sq.ft in 2007 to Rs 8,800 per sq.ft in 2024, marking an overall increase of 373%.

What is the median guideline value in Kodambakkam?

The median guideline value in Kodambakkam is Rs 4,900 per sq.ft, with Ashok Nagar 6th Avenue's value being above this median.

What are the stamp duty and registration fees for Ashok Nagar 6th Avenue?

For a property valued at Rs 88,00,000, the stamp duty would be Rs 6,16,000 and the registration fee would be Rs 1,76,000, totaling Rs 7,92,000.

Which office handles property registration for Ashok Nagar 6th Avenue?

The Ashok Nagar Sub Registrar Office handles property registration for Ashok Nagar 6th Avenue, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.