Guideline Value for Ashok Nagar 52nd Street

Ashok Nagar 52nd Street guideline value

The current guideline value for Ashok Nagar 52nd Street is Rs 7,600 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar SRO, classified as Residential Class I Type - III.

How the guideline value of Ashok Nagar 52nd Street has changed

Over the years, the guideline value of Ashok Nagar 52nd Street has seen several revisions. The 2007 revision set the value at Rs 1,460 per sq.ft, which increased significantly to Rs 7,000 per sq.ft in the 2012 revision. However, there was a notable decrease to Rs 4,690 per sq.ft in the 2017 revision. Following this, the value rose to Rs 7,000 per sq.ft in the 2023 revision, and most recently, it has increased to Rs 7,600 per sq.ft in the 2024 revision. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 9%. The overall change from 2007 to 2024 shows an increase of 421% in the guideline value.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, making the guideline value of Ashok Nagar 52nd Street above that median.

• Ashok Nagar 51st Street: Rs 6,600 per sq.ft (2024)
• Ashok Nagar 53rd Street: Rs 6,600 per sq.ft (2024)
• Ashok Nagar 50th Street: Rs 6,600 per sq.ft (2024)
• Ashok Nagar 54th Street: Rs 6,600 per sq.ft (2024)
• Ashok Nagar 54th Street Lane: Rs 6,000 per sq.ft (2024)
• Ashok Nagar 4th Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Nagar 52nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,600 per sq.ft, the total guideline value would be Rs 76,00,000. The stamp duty at 7% would amount to Rs 5,32,000, and the registration fee at 2% would be Rs 1,52,000, making the total charges Rs 6,84,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ashok Nagar 52nd Street?

The Ashok Nagar Sub Registrar Office covers Ashok Nagar 52nd 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 of property transactions in Kodambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that transactions are conducted fairly and transparently.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Ashok Nagar 52nd Street?

The current guideline value of Ashok Nagar 52nd Street is Rs 7,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,460 per sq.ft in 2007 to Rs 7,600 per sq.ft in 2024, reflecting an overall increase of 421% over this period.

What is the land classification of Ashok Nagar 52nd Street?

Ashok Nagar 52nd Street is classified as Residential Class I Type - III, indicating its designation for residential use within the area.

Where can I find the Ashok Nagar Sub Registrar Office?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total charges would amount to Rs 6,84,000.