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Guideline Value

Corporate

Guideline Value for Ashok Nagar 8th Avenue

₹8800/sq.ft.

The guideline value for Ashok Nagar 8th 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 ₹2580 /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 8th Avenue

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Ashok Nagar 8th Avenue guideline value

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

Over the years, the guideline value for Ashok Nagar 8th Avenue has seen significant changes. In 2007, the value was Rs 2,580 per sq.ft, which increased to Rs 8,000 per sq.ft in 2012. However, it then decreased to Rs 5,360 per sq.ft in 2017. Following this, it rose to Rs 8,000 per sq.ft in 2023, and currently stands at Rs 8,800 per sq.ft as of the 2024 revision. The register has no figures for the years 2002 and 2003.

The changes between the revisions show a notable increase overall. From 2007 to 2012, there was a substantial increase of 210%. However, the value decreased by 33% from 2012 to 2017. From 2017 to 2023, the value surged by 49%, and from 2023 to 2024, it increased by 10%. Overall, from 2007 to 2024, the guideline value has increased by 241%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, placing Ashok Nagar 8th Avenue above this median.

Stamp duty and registration fee for property in Ashok Nagar 8th Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value amounts to Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, while the registration fee at 2% would be Rs 1,76,000, totaling Rs 7,92,000. 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 details.

Which Sub Registrar Office covers Ashok Nagar 8th Avenue?

The Ashok Nagar 8th Avenue is covered by 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, visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Kodambakkam, as it determines the minimum value at which properties can be registered. When purchasing a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher.

This ensures that the government receives adequate revenue from property transactions. Buyers should be aware of the current guideline value to accurately calculate their expenses during the registration process.

Frequently asked questions

What is the current guideline value of Ashok Nagar 8th Avenue?

The current guideline value of Ashok Nagar 8th 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 significantly, from Rs 2,580 per sq.ft in 2007 to Rs 8,800 per sq.ft in 2024, reflecting an overall increase of 241% from 2007 to 2024.

What is the median guideline value for streets in Kodambakkam?

The median guideline value for streets in Kodambakkam under the Ashok Nagar SRO is Rs 4,900 per sq.ft, with Ashok Nagar 8th Avenue above this median.

What are the stamp duty and registration fees for property in Ashok Nagar 8th 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 registrations for Ashok Nagar 8th Avenue?

The Ashok Nagar Sub Registrar Office handles property registrations for Ashok Nagar 8th Avenue, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.