Guideline Value for Ashok Nagar 11th Street

Ashok Nagar 11th Street guideline value

The current guideline value of Ashok Nagar 11th 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 falls under the Residential Class III Type - II land classification.

How the guideline value of Ashok Nagar 11th Street has changed

Over the years, the guideline value of Ashok Nagar 11th Street has seen several revisions. The earliest recorded figure is from 2007, where the value was Rs 1,210 per sq.ft. This increased significantly to Rs 4,500 per sq.ft in 2012, marking a substantial rise of 272%. However, the value then decreased to Rs 3,015 per sq.ft in 2017, a decline of 33%. The most recent revisions show an increase to Rs 4,500 per sq.ft in 2023, and again to Rs 4,900 per sq.ft in 2024, which is a rise of 9% from the previous year.

There are no recorded figures for the years 2002 and 2003 for this street. From 2007 to 2024, the overall increase in guideline value is 305%, reflecting the fluctuations in the property market over the years.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value is Rs 4,900 per sq.ft, which is equal to the guideline value of Ashok Nagar 11th Street.

• Ashok Nagar 11th Avenue: Rs 11,000 per sq.ft (2024)
• Ashok Nagar 12th Avenue: Rs 8,800 per sq.ft (2024)
• Ashok Nagar 10th Street: Rs 4,900 per sq.ft (2024)
• Ashok Nagar 12th Street: Rs 4,900 per sq.ft (2024)
• Ashok Nagar 10th Avenue: Rs 11,000 per sq.ft (2024)
• Ashok Nagar 13th Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Nagar 11th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to 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, totaling 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ashok Nagar 11th Street?

The Ashok Nagar Sub Registrar Office covers Ashok Nagar 11th Street. The office is 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 plays a crucial role in the registration process when buying or selling property in Kodambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is transparent and fair.

When you register a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ashok Nagar 11th Street?

The current guideline value of Ashok Nagar 11th 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 significantly over the years, from Rs 1,210 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, marking an overall increase of 305%.

What are the stamp duty and registration fees for property in Ashok Nagar 11th Street?

For a 1,000 sq.ft plot, the stamp duty would be Rs 3,43,000 and the registration fee would be Rs 98,000, totaling Rs 4,41,000 based on the current guideline value.

Which Sub Registrar Office covers Ashok Nagar 11th Street?

The Ashok Nagar Sub Registrar Office covers Ashok Nagar 11th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification of Ashok Nagar 11th Street?

Ashok Nagar 11th Street falls under the Residential Class III Type - II land classification.