Guideline Value for Ashok Nagar 9th Avenue

Ashok Nagar 9th Avenue guideline value

The current guideline value of Ashok Nagar 9th Avenue is Rs 9,300 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village, under the Ashok Nagar SRO, and is classified as Residential Class I Type - II.

How the guideline value of Ashok Nagar 9th Avenue has changed

The guideline value for Ashok Nagar 9th Avenue has seen several revisions over the years. In the 2007 revision, the guideline value was Rs 4,420 per sq.ft. This increased to Rs 8,500 per sq.ft in the 2012 revision, followed by a decrease to Rs 5,695 per sq.ft in the 2017 revision. The 2023 revision saw a significant increase to Rs 8,500 per sq.ft, which was then raised to Rs 9,300 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 110%. The changes between the revisions reflect various fluctuations, with the most notable being a 49% increase from 2017 to 2023 and a 92% increase from 2007 to 2012. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value is Rs 4,900 per sq.ft, placing Ashok Nagar 9th Avenue above this median.

• Ashok Nagar 95th Street: Rs 6,600 per sq.ft (2024)
• Ashok Nagar 9th Street: Rs 4,900 per sq.ft (2024)
• Ashok Nagar 94th Street: Rs 6,600 per sq.ft (2024)
• Ashok Nagar Colony: Rs 11,000 per sq.ft (2024)
• Ashok Nagar 93rd Street: Rs 6,600 per sq.ft (2024)
• Ashok Nagar Colony 1st Avenue: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Nagar 9th Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 9,300 per sq.ft, the total guideline value would be Rs 93,00,000. The stamp duty at 7% would amount to Rs 6,51,000, and the registration fee at 2% would be Rs 1,86,000, bringing the total to Rs 8,37,000. It is important to note that 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 Nagar 9th Avenue?

The Sub Registrar Office that covers Ashok Nagar 9th Avenue is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value is a critical factor in property transactions in Kodambakkam, as it determines the minimum price at which a property can be registered. It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ashok Nagar 9th Avenue?

The current guideline value of Ashok Nagar 9th Avenue is Rs 9,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,420 per sq.ft in 2007 to Rs 9,300 per sq.ft in 2024, reflecting an overall increase of 110% over this period.

What is the median guideline value in Kodambakkam?

The median guideline value in Kodambakkam is Rs 4,900 per sq.ft, with Ashok Nagar 9th Avenue's value being above this median.

How is stamp duty calculated for properties in Ashok Nagar 9th Avenue?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 93,00,000, the stamp duty would be Rs 6,51,000.

Where is the Sub Registrar Office for Ashok Nagar 9th Avenue located?

The Ashok Nagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.