Guideline Value for Ashok Nagar 10th Avenue

Ashok Nagar 10th Avenue guideline value

The current guideline value of Ashok Nagar 10th Avenue is Rs 11,000 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar SRO, classified as Commercial Special Type - I.

How the guideline value of Ashok Nagar 10th Avenue has changed

The guideline value for Ashok Nagar 10th Avenue has seen significant changes over the years. In the 2007 revision, the value was Rs 2,580 per sq.ft. This increased dramatically to Rs 10,000 per sq.ft in 2012, marking a rise of 288%. However, in 2017, the value dropped to Rs 6,700 per sq.ft, a decrease of 33%. The value then rose again to Rs 10,000 per sq.ft in 2023, followed by a further increase to Rs 11,000 per sq.ft in the 2024 revision, reflecting a 10% rise.

Overall, from 2007 to 2024, the guideline value has increased by 326%. The register does not contain 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 the 2024 guideline values 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 10th Avenue above this median.

• Ashok Nagar 10th Street: Rs 4,900 per sq.ft (2024)
• Ashok Nagar 11th Avenue: Rs 11,000 per sq.ft (2024)
• Ashok Nagar 11th Street: Rs 4,900 per sq.ft (2024)
• Ashok Nagar 12th Avenue: Rs 8,800 per sq.ft (2024)
• Ashok Nagar 12th Street: Rs 4,900 per sq.ft (2024)
• Ashok Nagar 13th Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Nagar 10th Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value amounts to Rs 1,10,00,000. The stamp duty, charged at 7%, would be Rs 7,70,000, while the registration fee at 2% would be Rs 2,20,000, bringing the total to Rs 9,90,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ashok Nagar 10th Avenue?

The Ashok Nagar 10th Avenue is covered by the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process for property transactions in Kodambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value as it impacts the overall cost of the transaction. Buyers should verify the current guideline value to ensure compliance with registration requirements and to understand the financial implications of their purchase.

Frequently asked questions

What is the current guideline value of Ashok Nagar 10th Avenue?

The current guideline value of Ashok Nagar 10th Avenue is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 2,580 per sq.ft in 2007 to Rs 11,000 per sq.ft in 2024, reflecting an overall increase of 326% over the years.

What is the stamp duty for property in Ashok Nagar 10th Avenue?

The stamp duty for property in Ashok Nagar 10th Avenue is 7% of the guideline value or sale price, whichever is higher. For example, on a 1,000 sq.ft plot valued at Rs 11,000 per sq.ft, the stamp duty would be Rs 7,70,000.

Where is the Ashok Nagar Sub Registrar Office located?

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

What is the median guideline value 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 10th Avenue being above this median at Rs 11,000 per sq.ft.