Guideline Value for Ashok Nagar 25th Street

Ashok Nagar 25th Street guideline value

The current guideline value of Ashok Nagar 25th Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar SRO, classified as Residential Class III Type - I.

How the guideline value of Ashok Nagar 25th Street has changed

The guideline value for Ashok Nagar 25th Street has seen significant changes over the years. In the 2007 revision, the guideline value was Rs 1,210 per sq.ft. This increased to Rs 3,350 per sq.ft in the 2017 revision, marking a change of +177%. The 2023 revision saw the value rise to Rs 5,000 per sq.ft, which is a +49% increase from the previous revision. The most recent revision in 2024 set the guideline value at Rs 5,500 per sq.ft, reflecting a +10% increase from 2023.

There are no figures available for the revisions in 2002, 2003, and 2012 for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value is Rs 4,900 per sq.ft, placing Ashok Nagar 25th Street's 2024 figure above this median.

• Ashok Nagar 24th Street: Rs 5,500 per sq.ft (2024)
• Ashok Nagar 26th Street: Rs 5,500 per sq.ft (2024)
• Ashok Nagar 23rd Street: Rs 5,500 per sq.ft (2024)
• Ashok Nagar 27th Street: Rs 7,000 per sq.ft (2024)
• Ashok Nagar 22nd Street: Rs 5,500 per sq.ft (2024)
• Ashok Nagar 28th Street: Rs 7,000 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Nagar 25th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, leading to a total cost of Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ashok Nagar 25th Street?

The Ashok Nagar Sub Registrar Office covers Ashok Nagar 25th 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 details.

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 the property can be registered, ensuring that the transaction is recorded at a fair value.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ashok Nagar 25th Street?

The current guideline value of Ashok Nagar 25th Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,210 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, showing a total increase of +355% over the years.

What is the median guideline value in Kodambakkam?

The median guideline value in Kodambakkam is Rs 4,900 per sq.ft, with Ashok Nagar 25th Street's 2024 figure being above this median.

What are the stamp duty and registration fees for property in Ashok Nagar 25th Street?

For a 1,000 sq.ft plot, the stamp duty would be Rs 3,85,000 and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000 based on the current guideline value.

Where is the Sub Registrar Office for Ashok Nagar 25th Street located?

The Ashok Nagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.