Guideline Value for Ashok Nagar 33rd Street

Ashok Nagar 33rd Street guideline value

The current guideline value of Ashok Nagar 33rd 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. The land classification for this area is Residential Class III Type - I.

How the guideline value of Ashok Nagar 33rd Street has changed

The guideline value for Ashok Nagar 33rd Street has seen several revisions over the years. The earliest recorded revision is from 2007, where the guideline value was Rs 1,210 per sq.ft. This increased significantly to Rs 5,000 per sq.ft in 2012, marking a rise of 313%. However, it then decreased to Rs 3,350 per sq.ft in 2017, a drop of 33%. The guideline value continued to rise, reaching Rs 5,000 per sq.ft in 2023, and then increased to Rs 5,500 per sq.ft in the 2024 revision, reflecting a 10% increase.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 355%.

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 in this area is Rs 4,900 per sq.ft. Ashok Nagar 33rd Street's current guideline value of Rs 5,500 per sq.ft is above this median.

• Ashok Nagar 32nd Street: Rs 5,500 per sq.ft (2024)
• Ashok Nagar 34th Street: Rs 5,500 per sq.ft (2024)
• Ashok Nagar 30th Street: Rs 5,500 per sq.ft (2024)
• Ashok Nagar 35th Street: Rs 5,500 per sq.ft (2024)
• Ashok Nagar 36th Street: Rs 5,500 per sq.ft (2024)
• Ashok Nagar 2nd Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Nagar 33rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total to 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 information.

Which Sub Registrar Office covers Ashok Nagar 33rd Street?

The Ashok Nagar Sub Registrar Office covers Ashok Nagar 33rd 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 a property can be registered. The registration department uses this value to calculate applicable stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Ashok Nagar 33rd Street?

The current guideline value of Ashok Nagar 33rd 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, marking an overall increase of 355%.

What is the land classification for Ashok Nagar 33rd Street?

The land classification for Ashok Nagar 33rd Street is Residential Class III Type - I.

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

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.

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.