Guideline Value for Ashok Nagar 4th Street

Ashok Nagar 4th Street guideline value

The current guideline value of Ashok Nagar 4th Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village under the Royapuram SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Ashok Nagar 4th Street has changed

The guideline value register for Ashok Nagar 4th Street has no figures recorded for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision, which is the 2024 revision, sets the guideline value at Rs 1,300 per sq.ft.

There have been no changes between the revisions listed above. The 2024 figure is the first recorded value for this street in the guideline value register.

Guideline values in Tondaiarpet

In Tondaiarpet village, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, which means that Ashok Nagar 4th Street's 2024 figure is below that median.

• Ashok Nagar 3rd Street: Rs 1,300 per sq.ft (2024)
• Ashok Nagar 2nd Street: Rs 1,300 per sq.ft (2024)
• Ashok Nagar 1st street: Rs 1,300 per sq.ft (2024)
• Ashok Nagar Cross street: Rs 1,300 per sq.ft (2024)
• Ashok Nagar Main Street: Rs 1,300 per sq.ft (2024)
• Arunachala Eswarar Koil Street(West Mada Veethy): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, making the total cost for these fees Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ashok Nagar 4th Street?

The Sub Registrar Office that covers Ashok Nagar 4th Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Tondaiarpet

The guideline value is an essential reference for property transactions in Tondaiarpet. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold.

When registering a property, the guideline value helps ensure that the transaction is recorded at a fair value, which is crucial for legal and taxation purposes. Buyers and sellers must be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Ashok Nagar 4th Street?

The current guideline value of Ashok Nagar 4th Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

Has the guideline value changed recently?

The guideline value for Ashok Nagar 4th Street has not changed in previous revisions, with no figures recorded for the years 2002, 2003, 2007, 2012, 2017, and 2023. The 2024 revision is the first recorded value.

What is the land classification for Ashok Nagar 4th Street?

Ashok Nagar 4th Street is classified under Residential Class II Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for properties in Ashok Nagar 4th Street?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000. This is based on the guideline value of Rs 1,300 per sq.ft.

Where can I find the Sub Registrar Office for Ashok Nagar 4th Street?

The Royapuram Sub Registrar Office covers Ashok Nagar 4th Street and is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.