Guideline Value for Ashok Nagar 43rd Street

Ashok Nagar 43rd Street guideline value

The current guideline value of Ashok Nagar 43rd Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Ashok Nagar 43rd Street has changed

The guideline value for Ashok Nagar 43rd Street has seen several revisions over the years. In 2007, the value was Rs 1,850 per sq.ft, which increased to Rs 4,020 per sq.ft by 2017, marking a significant rise of 117%. The value further increased to Rs 6,000 per sq.ft in 2023, a change of 49%. The latest revision in 2024 sets the guideline value at Rs 6,600 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2012 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 guideline value for these streets is Rs 4,900 per sq.ft, placing Ashok Nagar 43rd Street's 2024 figure above this median.

• Ashok Nagar 42nd Street: Rs 6,600 per sq.ft (2024)
• Ashok Nagar 44th Street: Rs 6,600 per sq.ft (2024)
• Ashok Nagar 41st Street: Rs 6,600 per sq.ft (2024)
• Ashok Nagar 45th Street: Rs 6,600 per sq.ft (2024)
• Ashok Nagar 40th Street: Rs 5,500 per sq.ft (2024)
• Ashok Nagar 46th Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Nagar 43rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, making the total fees together Rs 5,94,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Ashok Nagar 43rd Street?

The Ashok Nagar Sub Registrar Office covers Ashok Nagar 43rd 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 information.

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 of the property for registration purposes, ensuring that the transaction is recorded accurately.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ashok Nagar 43rd Street?

The current guideline value of Ashok Nagar 43rd Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,850 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, representing an overall increase of 257%.

What is the land classification for Ashok Nagar 43rd Street?

The land classification for Ashok Nagar 43rd Street is Residential Class II Type - II.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in Ashok Nagar 43rd Street is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ashok Nagar 43rd Street?

The Sub Registrar Office covering Ashok Nagar 43rd Street is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.