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Guideline Value

Corporate

Guideline Value for Ashok Nagar 21st Avenue

₹8800/sq.ft.

The guideline value for Ashok Nagar 21st 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 ₹1210 /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 21st Avenue

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Ashok Nagar 21st Avenue guideline value

The current guideline value of Ashok Nagar 21st 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, classified as Mixed Type - I land.

How the guideline value of Ashok Nagar 21st Avenue has changed

The guideline value for Ashok Nagar 21st Avenue has seen significant changes over the years. The 2007 revision set the value at Rs 1,210 per sq.ft, which increased to Rs 8,000 per sq.ft in 2012, marking a remarkable increase of 561%. However, from 2012 to 2017, the value decreased by 33% to Rs 5,360 per sq.ft. The subsequent revisions saw an increase to Rs 8,000 per sq.ft in 2023, followed by a further increase of 10% to the current value of Rs 8,800 per sq.ft in 2024.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the current 2024 revision, the value has increased by 627%. The register does not have 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 that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft, with a median value of Rs 4,900 per sq.ft. The guideline value for Ashok Nagar 21st Avenue is above this median.

Stamp duty and registration fee for property in Ashok Nagar 21st 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, 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 use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ashok Nagar 21st Avenue?

The Ashok Nagar Sub Registrar Office covers Ashok Nagar 21st Avenue, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the 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 a crucial factor during property registration in Kodambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is referenced to calculate the applicable stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher, ensuring transparency in property transactions.

Frequently asked questions

What is the current guideline value of Ashok Nagar 21st Avenue?

The current guideline value of Ashok Nagar 21st 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, starting from Rs 1,210 per sq.ft in 2007 to Rs 8,800 per sq.ft in 2024, reflecting a total increase of 627% over the years.

What is the registration office for Ashok Nagar 21st Avenue?

The registration office for Ashok Nagar 21st Avenue is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Ashok Nagar 21st Avenue?

Stamp duty for properties is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 6,16,000.

What are the other streets in Kodambakkam with their guideline values?

Other streets in Kodambakkam include Ashok Nagar 20th Street at Rs 4,900 per sq.ft, Ashok Nagar 21st Street at Rs 5,500 per sq.ft, and Ashok Nagar 20th Avenue at Rs 8,800 per sq.ft, among others.