Guideline Value for Ashok Nagar 39th Street

Ashok Nagar 39th Street guideline value

The current guideline value of Ashok Nagar 39th 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 39th Street has changed

Looking at the historical revisions, the guideline value for Ashok Nagar 39th Street has seen significant changes over the years. The 2007 revision set the value at Rs 1,210 per sq.ft, which increased dramatically to Rs 5,000 per sq.ft in 2012, marking a rise of 313%. However, from 2012 to 2017, the value decreased to Rs 3,350 per sq.ft, a drop of 33%. The value then rose to Rs 5,000 per sq.ft in 2023, representing a 49% increase. The most recent revision in 2024 has set the value at Rs 5,500 per sq.ft, a further increase of 10% from the previous year.

It is important to note that the guideline value register does not have figures for the years 2002 and 2003 for this street.

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 value is Rs 4,900 per sq.ft, which means that Ashok Nagar 39th Street's 2024 figure is above this median.

• Ashok Nagar 38th Street: Rs 4,900 per sq.ft (2024)
• Ashok Nagar 3rd Avenue: Rs 8,800 per sq.ft (2024)
• Ashok Nagar 37th Street: Rs 5,500 per sq.ft (2024)
• Ashok Nagar 3rd Street: Rs 4,900 per sq.ft (2024)
• Ashok Nagar 36th Street: Rs 5,500 per sq.ft (2024)
• Ashok Nagar 35th Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Nagar 39th 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 fees 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. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ashok Nagar 39th Street?

The Ashok Nagar Sub Registrar Office covers Ashok Nagar 39th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By 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 is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is compliant with local regulations.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that all transactions are fairly assessed based on the established values in the area.

Frequently asked questions

What is the current guideline value of Ashok Nagar 39th Street?

The current guideline value of Ashok Nagar 39th Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing 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 median guideline value in Kodambakkam?

The median guideline value in Kodambakkam is Rs 4,900 per sq.ft, with Ashok Nagar 39th Street's value being above this median.

How is stamp duty calculated for property in Ashok Nagar 39th Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 at 7%.

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.