Guideline Value for Ashok Nagar 30th Street

Ashok Nagar 30th Street guideline value

The current guideline value of Ashok Nagar 30th 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 30th Street has changed

The guideline value for Ashok Nagar 30th Street has undergone several revisions over the years. The earliest recorded figure is from 2007, where it was Rs 1,210 per sq.ft. This increased significantly to Rs 5,000 per sq.ft in 2012, marking a 313% rise. However, it then dropped to Rs 3,350 per sq.ft in 2017, a decrease of 33%. The 2023 revision set the value at Rs 5,000 per sq.ft, and the latest revision in 2024 raised it to Rs 5,500 per sq.ft, reflecting a 10% increase from the previous year. The register has no figures for the years 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 355%. The changes between the revisions highlight fluctuations, with a notable 49% increase from 2017 to 2023, followed by a 10% rise from 2023 to 2024.

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, placing Ashok Nagar 30th Street's 2024 figure above this median.

• Ashok Nagar 32nd Street: Rs 5,500 per sq.ft (2024)
• Ashok Nagar 2nd Street: Rs 4,900 per sq.ft (2024)
• Ashok Nagar 33rd Street: Rs 5,500 per sq.ft (2024)
• Ashok Nagar 2nd Avenue: Rs 8,800 per sq.ft (2024)
• Ashok Nagar 34th Street: Rs 5,500 per sq.ft (2024)
• Ashok Nagar 29th Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Nagar 30th 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, totaling 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ashok Nagar 30th Street?

The Sub Registrar Office that covers Ashok Nagar 30th Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By 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 is a crucial factor during the registration process when buying or selling property in Kodambakkam. It serves as a reference point for determining the stamp duty and registration fees that need to be paid, ensuring that these costs are calculated based on the established values set by the government.

When a property transaction occurs, the guideline value helps to maintain transparency and standardization in property dealings. It ensures that both buyers and sellers are aware of the minimum value that will be considered for taxation purposes, thus facilitating a smoother registration process.

Frequently asked questions

What is the current guideline value of Ashok Nagar 30th Street?

The current guideline value of Ashok Nagar 30th 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 changed significantly, from Rs 1,210 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, marking an overall increase of 355% over the years.

What are the stamp duty and registration fees for property in Ashok Nagar 30th Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 55,00,000. The stamp duty would be Rs 3,85,000, and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

Which Sub Registrar Office covers Ashok Nagar 30th Street?

The Ashok Nagar Sub Registrar Office covers Ashok Nagar 30th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Ashok Nagar 30th Street?

Ashok Nagar 30th Street is classified as Residential Class III Type - I.