Guideline Value for Ashok Nagar Extn

Ashok Nagar Extn guideline value

The current guideline value of Ashok Nagar Extn, located in Kovilpathagai village under the Ambattur SRO, is Rs 990 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of Ashok Nagar Extn has changed

The guideline value for Ashok Nagar Extn has seen several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which remained unchanged in the subsequent 2017 revision, where it was reduced to Rs 603 per sq.ft. The value then increased significantly in the 2023 revision to Rs 900 per sq.ft, followed by a further increase to Rs 990 per sq.ft in the 2024 revision, representing a 10% rise from the previous year.

In summary, from 2012 to 2024, the overall change in guideline value is an increase of 10%. The 2017 to 2023 revision saw a notable increase of 49%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO, with guideline values ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value for the area is Rs 870 per sq.ft, placing Ashok Nagar Extn's 2024 figure of Rs 990 per sq.ft above this median.

• Ashok Nagar Main Road: Rs 880 per sq.ft (2024)
• Ashok Nagar: Rs 880 per sq.ft (2024)
• Anthony Street: Rs 880 per sq.ft (2024)
• Anna Street (Natham): Rs 806 per sq.ft (2024)
• Bajanai Koil Street(Kannada palayam): Rs 807 per sq.ft (2024)
• Balaji Nagar: Rs 805 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty is charged at 7%, resulting in Rs 69,300, while the registration fee at 2% amounts to Rs 19,800. Together, the total cost for stamp duty and registration fee is Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ashok Nagar Extn?

The Sub Registrar Office that covers Ashok Nagar Extn is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kovilpathagai. It serves as a benchmark for determining the stamp duty and registration fees payable during the transaction.

When a property is registered, the guideline value is compared against the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the correct amounts are paid to the authorities.

Frequently asked questions

What is the current guideline value of Ashok Nagar Extn?

The current guideline value of Ashok Nagar Extn is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then back to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the land classification for Ashok Nagar Extn?

Ashok Nagar Extn is classified as Residential Class I Type - II.

Where can I find the Sub Registrar Office for Ashok Nagar Extn?

The Sub Registrar Office for Ashok Nagar Extn is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Ashok Nagar Extn?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 9,90,000, the stamp duty at 7% would be Rs 69,300.