Guideline Value for Ashok Nagar 35th Street

Ashok Nagar 35th Street guideline value

The current guideline value of Ashok Nagar 35th 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, and is classified as Residential Class III Type - I.

How the guideline value of Ashok Nagar 35th Street has changed

The guideline value for Ashok Nagar 35th Street has seen several revisions over the years. The earliest available figure is from 2007, where the value was Rs 1,460 per sq.ft. This increased significantly to Rs 5,000 per sq.ft in 2012, marking a 242% rise. However, it then decreased to Rs 3,350 per sq.ft in 2017, which was a decline of 33%. The value further increased to Rs 5,000 per sq.ft in 2023, and now stands at Rs 5,500 per sq.ft as of the 2024 revision, reflecting a 10% increase from the previous year.

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 277%.

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 35th Street's 2024 figure above this median.

• Ashok Nagar 34th Street: Rs 5,500 per sq.ft (2024)
• Ashok Nagar 36th Street: Rs 5,500 per sq.ft (2024)
• Ashok Nagar 33rd Street: Rs 5,500 per sq.ft (2024)
• Ashok Nagar 37th Street: Rs 5,500 per sq.ft (2024)
• Ashok Nagar 32nd Street: Rs 5,500 per sq.ft (2024)
• Ashok Nagar 38th Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Nagar 35th 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 be 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 guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ashok Nagar 35th Street?

The Ashok Nagar Sub Registrar Office covers Ashok Nagar 35th Street. The office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near 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 of property transactions in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction.

When buying or selling property, the guideline value helps in establishing a fair transaction amount, which is particularly important for legal and taxation purposes. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ashok Nagar 35th Street?

The current guideline value of Ashok Nagar 35th 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 1,460 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 277% over the years.

What is the median guideline value in Kodambakkam?

The median guideline value in Kodambakkam is Rs 4,900 per sq.ft, which is lower than the current value of Ashok Nagar 35th Street.

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 Nolambur Eb Office.