Guideline Value

Corporate

Guideline Value for Ashok Nagar 65th Street

₹6600/sq.ft.

The guideline value for Ashok Nagar 65th Street in Kodambakkam village (Ashok Nagar SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodambakkam

Village

Ashok Nagar

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1460 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561082
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Ashok Nagar 65th Street

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Ashok Nagar 65th Street guideline value

The current guideline value of Ashok Nagar 65th Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO, classified as Residential Class II Type - II.

How the guideline value of Ashok Nagar 65th Street has changed

The guideline value for Ashok Nagar 65th Street has seen significant changes over the years. In the 2007 revision, the value was Rs 1,460 per sq.ft, which increased dramatically to Rs 6,000 per sq.ft in 2012, marking a rise of 311%. However, from 2012 to 2017, the value decreased to Rs 4,020 per sq.ft, a drop of 33%. The value then rose to Rs 6,000 per sq.ft in the 2023 revision, reflecting a 49% increase. The most recent 2024 revision has set the value at Rs 6,600 per sq.ft, a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 352%.

Guideline values in Kodambakkam

Kodambakkam has a total of 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, positioning Ashok Nagar 65th Street above this median at Rs 6,600 per sq.ft.

Stamp duty and registration fee for property in Ashok Nagar 65th 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, making the total costs together 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. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ashok Nagar 65th Street?

The Ashok Nagar 65th Street is covered by 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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kodambakkam. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the costs align with the official valuation of the property.

When a property is sold, the buyer and seller must consider the guideline value as it affects the overall expenses involved in the transaction. This value is essential for legal documentation and compliance with local regulations, making it a key factor in real estate dealings.

Frequently asked questions

What is the current guideline value of Ashok Nagar 65th Street?

The current guideline value of Ashok Nagar 65th 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 significantly from Rs 1,460 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, with various revisions affecting the value in between.

What is the median guideline value in Kodambakkam?

The median guideline value in Kodambakkam is Rs 4,900 per sq.ft, with Ashok Nagar 65th Street's value being above this median.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur total costs of Rs 5,94,000.

Which office handles the registration for Ashok Nagar 65th Street?

The Ashok Nagar Sub Registrar Office handles the registration for Ashok Nagar 65th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.