Guideline Value for Ashok Nagar 12th Avenue

Ashok Nagar 12th Avenue guideline value

The current guideline value of Ashok Nagar 12th Avenue is Rs 8,800 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO, classified as Mixed Type - I land.

How the guideline value of Ashok Nagar 12th Avenue has changed

The guideline value for Ashok Nagar 12th Avenue has seen several revisions over the years. In 2007, the value was Rs 3,300 per sq.ft, which increased significantly to Rs 8,000 per sq.ft in 2012, marking a rise of 142%. However, it then dropped to Rs 5,360 per sq.ft in 2017, a decrease of 33%. The value rose again to Rs 8,000 per sq.ft in 2023, and most recently, it has increased to Rs 8,800 per sq.ft in 2024, reflecting a 10% increase from the previous year.

From 2017 to 2023, the increase was 49%. Overall, from 2007 to 2024, the guideline value has increased by 167%. 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 value for these streets is Rs 4,900 per sq.ft, placing Ashok Nagar 12th Avenue's current value above this median.

• Ashok Nagar 11th Street: Rs 4,900 per sq.ft (2024)
• Ashok Nagar 12th Street: Rs 4,900 per sq.ft (2024)
• Ashok Nagar 11th Avenue: Rs 11,000 per sq.ft (2024)
• Ashok Nagar 13th Street: Rs 4,900 per sq.ft (2024)
• Ashok Nagar 10th Street: Rs 4,900 per sq.ft (2024)
• Ashok Nagar 14th Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Nagar 12th Avenue

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, totaling Rs 7,92,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ashok Nagar 12th Avenue?

The Ashok Nagar Sub Registrar Office covers Ashok Nagar 12th Avenue. The office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is an important factor during the registration of property transactions in Kodambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately for taxation purposes.

When buying or selling property, the guideline value is used to calculate stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Ashok Nagar 12th Avenue?

The current guideline value of Ashok Nagar 12th 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 3,300 per sq.ft in 2007 to Rs 8,800 per sq.ft in 2024, reflecting an overall increase of 167% over the years.

What is the stamp duty on property in Ashok Nagar 12th Avenue?

The stamp duty for a property in Ashok Nagar 12th Avenue is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Ashok Nagar 12th Avenue located?

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

What are the guideline values for other streets in Kodambakkam?

Other streets in Kodambakkam have guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft, with Ashok Nagar 12th Avenue's value being Rs 8,800 per sq.ft, which is above the median of Rs 4,900 per sq.ft.