Guideline Value for Ashok Nagar South Street

Ashok Nagar South Street guideline value

The current guideline value of Ashok Nagar South Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Irumpuliyur village and falls under the Tambaram Joint 1 SRO, classified as Residential Special Type - II.

How the guideline value of Ashok Nagar South Street has changed

Over the years, the guideline value of Ashok Nagar South Street has seen several revisions. The 2007 revision set the value at Rs 600 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, this value dropped to Rs 1,340 per sq.ft in the 2017 revision. The most recent revisions show an increase to Rs 2,000 per sq.ft in 2023, and then a further increase to Rs 2,200 per sq.ft in 2024, marking a 10% rise from the previous year.

Between 2017 and 2023, the value rose by 49%, while the jump from 2007 to 2012 was a remarkable 233%. Overall, from 2007 to 2024, the guideline value has increased by 267%. It is important to note that the register does not provide figures for the years 2002 and 2003 for this street.

Guideline values in Irumpuliyur

In Irumpuliyur, there are 218 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 6,600 per sq.ft. The median value is Rs 2,200 per sq.ft, which is equal to the current value of Ashok Nagar South Street.

• Ashok Nagar North Street: Rs 2,200 per sq.ft (2024)
• Ashok Nagar West Street: Rs 2,200 per sq.ft (2024)
• Ashok Nagar East Street: Rs 2,200 per sq.ft (2024)
• Ashok Nagar 2nd Main Road: Rs 2,200 per sq.ft (2024)
• Ashok Nagar 1st Main Road: Rs 2,200 per sq.ft (2024)
• Arul Nagar Ext: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Nagar South Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total cost for these fees Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ashok Nagar South Street?

The Sub Registrar Office that covers Ashok Nagar South Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during property transactions in Irumpuliyur. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives appropriate revenue from real estate transactions.

When selling property, the guideline value helps both buyers and sellers understand the minimum value at which the property can be registered. This ensures transparency and helps in the smooth processing of property registrations at the Sub Registrar Office.

Frequently asked questions

What is the current guideline value of Ashok Nagar South Street?

The current guideline value of Ashok Nagar South Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 267% over the years.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers Ashok Nagar South Street?

The Tambaram Joint 1 Sub Registrar Office covers Ashok Nagar South Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification for Ashok Nagar South Street?

Ashok Nagar South Street is classified as Residential Special Type - II, indicating its suitability for residential development.