Guideline Value for Ashok Nagar 63rd Street

Ashok Nagar 63rd Street guideline value

The current guideline value of Ashok Nagar 63rd 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 63rd Street has changed

The guideline value for Ashok Nagar 63rd Street has seen several revisions over the years. Starting from Rs 1,210 per sq.ft in 2007, it increased significantly to Rs 6,000 per sq.ft by 2012. However, it then experienced a decline to Rs 4,020 per sq.ft in 2017, before rising again to Rs 6,000 per sq.ft in 2023.

In the latest revision for 2024, the guideline value has increased to Rs 6,600 per sq.ft, marking a 10% rise from the previous year. Overall, from 2007 to 2024, the guideline value has increased by 445%, reflecting the changes over the years.

Guideline values in Kodambakkam

Kodambakkam village has 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, placing Ashok Nagar 63rd Street above this median.

• Ashok Nagar 62nd Street: Rs 6,600 per sq.ft (2024)
• Ashok Nagar 64th Street: Rs 6,600 per sq.ft (2024)
• Ashok Nagar 61st Street: Rs 5,500 per sq.ft (2024)
• Ashok Nagar 65th Street: Rs 6,600 per sq.ft (2024)
• Ashok Nagar 60th Street: Rs 5,500 per sq.ft (2024)
• Ashok Nagar 67th Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Nagar 63rd 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 be 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 duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ashok Nagar 63rd Street?

The Ashok Nagar Sub Registrar Office covers Ashok Nagar 63rd 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 is a crucial factor in the registration process when buying or selling property in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the registration reflects the appropriate value of the property being transferred.

Frequently asked questions

What is the current guideline value of Ashok Nagar 63rd Street?

The current guideline value of Ashok Nagar 63rd 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 1,210 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 445% over the years.

What are the guideline values for other streets in Kodambakkam?

Other streets in Kodambakkam have varying guideline values, with rates ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value is Rs 4,900 per sq.ft.

How is stamp duty calculated for property in Ashok Nagar 63rd Street?

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

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.