Guideline Value for Ashok Nagar 4th Street

Ashok Nagar 4th Street guideline value

The current guideline value of Ashok Nagar 4th Street is Rs 4,900 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 III Type - II.

How the guideline value of Ashok Nagar 4th Street has changed

The guideline value for Ashok Nagar 4th Street has seen several revisions over the years. In 2007, the value was Rs 1,210 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012. However, it dropped to Rs 3,015 per sq.ft in 2017. The value then rose to Rs 4,500 per sq.ft in 2023, before reaching the current value of Rs 4,900 per sq.ft in 2024.

Between these revisions, the changes were as follows: from 2007 to 2012, there was an increase of 272%; from 2012 to 2017, a decrease of 33%; from 2017 to 2023, an increase of 49%; and from 2023 to 2024, an increase of 9%. Overall, the guideline value has increased by 305% from 2007 to 2024.

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, which matches the current value of Ashok Nagar 4th Street.

• Ashok Nagar 4th Avenue: Rs 8,800 per sq.ft (2024)
• Ashok Nagar 49th Street: Rs 7,000 per sq.ft (2024)
• Ashok Nagar 50th Street: Rs 6,600 per sq.ft (2024)
• Ashok Nagar 48th Street: Rs 6,600 per sq.ft (2024)
• Ashok Nagar 51st Street: Rs 6,600 per sq.ft (2024)
• Ashok Nagar 47th Street: Rs 7,600 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, resulting in a total of Rs 4,41,000. 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 4th Street?

The Sub Registrar Office that covers Ashok Nagar 4th Street 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 information.

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

The guideline value is a crucial factor when buying or selling property in Kodambakkam. It serves as a benchmark for determining the minimum value at which property transactions can be registered. This ensures that the government receives appropriate revenue from stamp duty and registration fees.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these charges are based on the higher of the guideline value or the sale price, ensuring that the transaction is recorded accurately.

Frequently asked questions

What is the current guideline value of Ashok Nagar 4th Street?

The current guideline value of Ashok Nagar 4th Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,210 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Ashok Nagar 4th Street?

Ashok Nagar 4th Street is classified as Residential Class III Type - II.

Where can I find the Sub Registrar Office for Ashok Nagar 4th Street?

The Sub Registrar Office for Ashok Nagar 4th Street is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for property transactions in Kodambakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 49,00,000, the stamp duty would be charged accordingly.