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Guideline Value

Corporate

Guideline Value for Ashok Nagar 16th Avenue

₹8800/sq.ft.

The guideline value for Ashok Nagar 16th 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 ₹3270 /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 16th Avenue

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Ashok Nagar 16th Avenue guideline value

The current guideline value of Ashok Nagar 16th 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. The land classification for this area is Mixed Type - I.

How the guideline value of Ashok Nagar 16th Avenue has changed

The guideline value for Ashok Nagar 16th Avenue has seen several revisions over the years. The oldest recorded revision is from 2007, where the guideline value was Rs 3,270 per sq.ft. This increased to Rs 8,000 per sq.ft in 2012, marking a significant rise of 145%. However, between 2012 and 2017, the value decreased to Rs 5,360 per sq.ft, a decline of 33%. The value then increased to Rs 8,000 per sq.ft in 2023, reflecting a 49% rise. The most recent revision in 2024 has set the guideline value at Rs 8,800 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 169%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with 2024 guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, placing Ashok Nagar 16th Avenue's 2024 figure above this median.

Stamp duty and registration fee for property in Ashok Nagar 16th 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, and the registration fee at 2% would be Rs 1,76,000, bringing the total to 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. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ashok Nagar 16th Avenue?

The Sub Registrar Office that covers Ashok Nagar 16th 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 plays a crucial role in property transactions in Kodambakkam. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This ensures that the government receives the appropriate revenue from property transactions.

Additionally, the guideline value serves as a reference point for buyers and sellers, helping them understand the prevailing rates in the area. It is essential for both parties to be aware of the guideline value to ensure a transparent and fair transaction.

Frequently asked questions

What is the current guideline value of Ashok Nagar 16th Avenue?

The current guideline value of Ashok Nagar 16th 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 3,270 per sq.ft in 2007 to Rs 8,800 per sq.ft in 2024, reflecting an overall increase of 169% over the years.

What are the stamp duty rates for properties in Ashok Nagar 16th Avenue?

The stamp duty for properties in Ashok Nagar 16th Avenue is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Ashok Nagar 16th 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.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the stamp duty and registration fees for property transactions. It also serves as a reference for buyers and sellers to understand the prevailing rates in the area.