Guideline Value for Ashok Nagar 45th Street

Ashok Nagar 45th Street guideline value

The current guideline value of Ashok Nagar 45th Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar SRO, classified as Residential Class II Type - II.

How the guideline value of Ashok Nagar 45th Street has changed

The guideline value for Ashok Nagar 45th Street has seen significant changes over the years. In the 2007 revision, the value was Rs 1,460 per sq.ft, which increased to Rs 4,020 per sq.ft in 2017, marking a rise of 175%. By the 2023 revision, the value further increased to Rs 6,000 per sq.ft, reflecting a 49% increase from the previous revision. The most recent revision in 2024 set the guideline value at Rs 6,600 per sq.ft, an increase of 10% from 2023.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2012 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 352%.

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, making the 2024 figure for Ashok Nagar 45th Street above this median.

• Ashok Nagar 44th Street: Rs 6,600 per sq.ft (2024)
• Ashok Nagar 46th Street: Rs 6,600 per sq.ft (2024)
• Ashok Nagar 43rd Street: Rs 6,600 per sq.ft (2024)
• Ashok Nagar 47th Street: Rs 7,600 per sq.ft (2024)
• Ashok Nagar 42nd Street: Rs 6,600 per sq.ft (2024)
• Ashok Nagar 48th Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Nagar 45th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, totaling Rs 5,94,000. 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 45th Street?

The Ashok Nagar Sub Registrar Office covers Ashok Nagar 45th 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 a crucial factor in property transactions in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees when buying or selling property. The guideline value is used to ensure that the transaction is recorded at a fair value, which is essential for legal and financial purposes.

When you register a property, the guideline value helps in calculating the applicable taxes and fees. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of Ashok Nagar 45th Street?

The current guideline value of Ashok Nagar 45th 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 increased from Rs 1,460 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, marking an overall increase of 352% over the years.

What is the land classification for Ashok Nagar 45th Street?

Ashok Nagar 45th Street is classified as Residential Class II Type - II.

Where can I find the Sub Registrar Office for Ashok Nagar 45th Street?

The Ashok Nagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Ashok Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 66,00,000 would incur a stamp duty of Rs 4,62,000 at 7%.