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Guideline Value

Corporate

Guideline Value for Ashok Nagar 15th Street (5th Avenue)

₹8800/sq.ft.

The guideline value for Ashok Nagar 15th Street (5th 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 N/A
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 15th Street (5th Avenue)

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Ashok Nagar 15th Street (5th Avenue) guideline value

The current guideline value of Ashok Nagar 15th Street (5th 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, and the land classification is Mixed Type - I.

How the guideline value of Ashok Nagar 15th Street (5th Avenue) has changed

Looking at the revisions, the guideline value for Ashok Nagar 15th Street (5th Avenue) was Rs 5,360 per sq.ft in 2017. It increased to Rs 8,000 per sq.ft in 2012, then dropped back to Rs 5,360 per sq.ft in 2017, showing a decrease of 33%. Following this, the value rose to Rs 8,000 per sq.ft in 2023, and then to Rs 8,800 per sq.ft in 2024, marking a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. The overall change from 2012 to 2024 shows a 10% increase, with the current figure being significantly higher than the previous revisions.

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, making the current value of Ashok Nagar 15th Street (5th Avenue) above this median.

Stamp duty and registration fee for property in Ashok Nagar 15th Street (5th Avenue)

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value would be 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, bringing the total fees together to Rs 7,92,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ashok Nagar 15th Street (5th Avenue)?

The Sub Registrar Office that covers Ashok Nagar 15th Street (5th Avenue) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Kodambakkam, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration office will use it to calculate applicable fees.

When a property is sold, the guideline value is used to assess the stamp duty and registration fees, ensuring that these charges are based on a standardized valuation. This helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Ashok Nagar 15th Street (5th Avenue)?

The current guideline value of Ashok Nagar 15th Street (5th 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 from Rs 5,360 per sq.ft in 2017 to Rs 8,800 per sq.ft in 2024, reflecting a 10% increase overall from 2012 to 2024.

What is the land classification of Ashok Nagar 15th Street (5th Avenue)?

The land classification for Ashok Nagar 15th Street (5th Avenue) is Mixed Type - I, indicating a blend of residential and commercial properties.

Where can I find the registration office for Ashok Nagar 15th Street (5th Avenue)?

The registration office for Ashok Nagar 15th Street (5th Avenue) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What are the stamp duty and registration fees for properties in this area?

For properties in Ashok Nagar 15th Street (5th Avenue), the stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For example, a property valued at Rs 88,00,000 would incur a total fee of Rs 7,92,000.