Guideline Value for Ashok Nagar 32nd Street

Ashok Nagar 32nd Street guideline value

The current guideline value for Ashok Nagar 32nd Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO, classified as Residential Class III Type - I.

How the guideline value of Ashok Nagar 32nd Street has changed

The guideline value for Ashok Nagar 32nd Street has undergone several revisions over the years. In 2007, the value was Rs 1,210 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012, marking a growth of 313%. However, in 2017, the value dropped to Rs 3,350 per sq.ft, reflecting a decrease of 33%. The value then rose to Rs 5,000 per sq.ft in 2023, and the latest revision in 2024 set the value at Rs 5,500 per sq.ft, a 10% increase from the previous year.

The revisions for the years 2002 and 2003 do not have a recorded figure for this street. Overall, from 2007 to 2024, the guideline value has increased by 355%.

Guideline values in Kodambakkam

Kodambakkam village has a total of 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 in this area is Rs 4,900 per sq.ft, placing Ashok Nagar 32nd Street's 2024 value above this median.

• Ashok Nagar 30th Street: Rs 5,500 per sq.ft (2024)
• Ashok Nagar 33rd Street: Rs 5,500 per sq.ft (2024)
• Ashok Nagar 34th Street: Rs 5,500 per sq.ft (2024)
• Ashok Nagar 2nd Street: Rs 4,900 per sq.ft (2024)
• Ashok Nagar 35th 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 32nd 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, charged at 7%, would be Rs 3,85,000, while the registration fee at 2% would be Rs 1,10,000, bringing the total fees to Rs 4,95,000. It is important to note that 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 32nd Street?

The Ashok Nagar Sub Registrar Office covers Ashok Nagar 32nd Street, 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 is an essential factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official records.

It is crucial for buyers and sellers to be aware of the guideline value, as it can affect the overall costs involved in the transaction. Understanding these values helps in making informed decisions during property dealings in Kodambakkam.

Frequently asked questions

What is the current guideline value of Ashok Nagar 32nd Street?

The current guideline value of Ashok Nagar 32nd 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 from Rs 1,210 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 355% over this period.

What is the median guideline value in Kodambakkam?

The median guideline value in Kodambakkam village is Rs 4,900 per sq.ft, with Ashok Nagar 32nd Street's value being above this median.

What are the stamp duty and registration fees for properties in Ashok Nagar 32nd Street?

For a property valued at 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 office handles registrations for Ashok Nagar 32nd Street?

The Ashok Nagar Sub Registrar Office is responsible for registrations in Ashok Nagar 32nd Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.