Guideline Value for Ashok Nagar 27th Street

Ashok Nagar 27th Street guideline value

The current guideline value of Ashok Nagar 27th Street is Rs 7,000 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar SRO, classified as Residential Special Type - III.

How the guideline value of Ashok Nagar 27th Street has changed

The guideline value for Ashok Nagar 27th Street has seen several revisions over the years. The 2007 revision set the value at Rs 1,210 per sq.ft, which increased significantly to Rs 6,500 per sq.ft in 2012, marking a rise of 437%. However, from 2012 to 2017, the value decreased to Rs 4,355 per sq.ft, a drop of 33%. The value then increased to Rs 6,500 per sq.ft in 2023, reflecting a 49% rise. The most recent revision in 2024 has set the guideline value at Rs 7,000 per sq.ft, an increase of 8% from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 479%.

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 for these streets is Rs 4,900 per sq.ft, making the 2024 figure for Ashok Nagar 27th Street above this median.

• Ashok Nagar 26th Street: Rs 5,500 per sq.ft (2024)
• Ashok Nagar 28th Street: Rs 7,000 per sq.ft (2024)
• Ashok Nagar 25th Street: Rs 5,500 per sq.ft (2024)
• Ashok Nagar 29th Street: Rs 5,500 per sq.ft (2024)
• Ashok Nagar 24th Street: Rs 5,500 per sq.ft (2024)
• Ashok Nagar 2nd Avenue: Rs 8,800 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Nagar 27th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,000 per sq.ft, the total guideline value amounts to Rs 70,00,000. The stamp duty at 7% would be Rs 4,90,000, and the registration fee at 2% would be Rs 1,40,000, leading to a total of Rs 6,30,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Ashok Nagar 27th Street?

The Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office), covers Ashok Nagar 27th Street. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the appropriate fees are collected based on the value of the property. This ensures transparency and uniformity in property transactions within the region.

Frequently asked questions

What is the current guideline value of Ashok Nagar 27th Street?

The current guideline value of Ashok Nagar 27th Street is Rs 7,000 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 7,000 per sq.ft in 2024, marking a significant increase of 479% overall.

What are the other streets in Kodambakkam with their guideline values?

Other streets in Kodambakkam include Ashok Nagar 26th Street at Rs 5,500 per sq.ft, Ashok Nagar 28th Street at Rs 7,000 per sq.ft, and several others, all listed above.

What is the stamp duty rate for properties in Ashok Nagar 27th Street?

The stamp duty rate for properties in Ashok Nagar 27th Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Ashok Nagar Sub Registrar Office located?

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