Guideline Value for Ashok Nagar 64th Street

Ashok Nagar 64th Street guideline value

The current guideline value of Ashok Nagar 64th 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 64th Street has changed

Over the years, the guideline value of Ashok Nagar 64th Street has seen several revisions. The earliest recorded guideline value was Rs 2,060 per sq.ft in 2007. This value increased significantly to Rs 6,000 per sq.ft in 2012, marking a rise of 191%. However, it then decreased to Rs 4,020 per sq.ft in 2017, which was a decline of 33%. The value further rose to Rs 6,000 per sq.ft in 2023, and finally, it increased by 10% to the current rate of Rs 6,600 per sq.ft in 2024.

From 2017 to 2023, the increase was substantial at 49%. Overall, from 2007 to 2024, the guideline value has risen by 220%. It is important to note that there are no recorded figures for the years 2002 and 2003 for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO with a guideline value for 2024 ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value is Rs 4,900 per sq.ft, placing Ashok Nagar 64th Street's current value above this median.

• Ashok Nagar 63rd Street: Rs 6,600 per sq.ft (2024)
• Ashok Nagar 65th Street: Rs 6,600 per sq.ft (2024)
• Ashok Nagar 62nd Street: Rs 6,600 per sq.ft (2024)
• Ashok Nagar 67th Street: Rs 6,600 per sq.ft (2024)
• Ashok Nagar 61st Street: Rs 5,500 per sq.ft (2024)
• Ashok Nagar 6th Avenue: Rs 8,800 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Nagar 64th 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, bringing the total to Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ashok Nagar 64th Street?

The Sub Registrar Office that covers Ashok Nagar 64th Street is the Ashok Nagar Sub Registrar Office, 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 when buying or selling property in Kodambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and fairness in property transactions.

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 state receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ashok Nagar 64th Street?

The current guideline value of Ashok Nagar 64th 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 2,060 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, marking an overall increase of 220% over the years.

What are the stamp duty and registration fees for property in Ashok Nagar 64th Street?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 5,94,000.

Which Sub Registrar Office is responsible for Ashok Nagar 64th Street?

The Ashok Nagar Sub Registrar Office is responsible for Ashok Nagar 64th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the median guideline value in Kodambakkam?

The median guideline value in Kodambakkam is Rs 4,900 per sq.ft, with Ashok Nagar 64th Street's current value above this median.