Guideline Value for Ashok Nagar 77th Street

Ashok Nagar 77th Street guideline value

The current guideline value of Ashok Nagar 77th 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 77th Street has changed

The guideline value for Ashok Nagar 77th Street has undergone several revisions over the years. In 2007, the value was Rs 1,210 per sq.ft, which increased significantly to Rs 6,000 per sq.ft in 2012. However, it saw a decrease of 33% to Rs 4,020 per sq.ft in 2017. Following this, the value rose to Rs 6,000 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 6,600 per sq.ft, reflecting a change of 10% from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 445%. The register has no 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 guideline values 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 77th Street above this median with its 2024 figure of Rs 6,600 per sq.ft.

• Ashok Nagar 6th Street: Rs 4,900 per sq.ft (2024)
• Ashok Nagar 79th Street: Rs 7,000 per sq.ft (2024)
• Ashok Nagar 6th Avenue: Rs 8,800 per sq.ft (2024)
• Ashok Nagar 7th Avenue: Rs 11,000 per sq.ft (2024)
• Ashok Nagar 67th Street: Rs 6,600 per sq.ft (2024)
• Ashok Nagar 7th Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Nagar 77th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value is Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, while the registration fee at 2% would be Rs 1,32,000. Together, these fees would total Rs 5,94,000. It is important to note that 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 77th Street?

The Ashok Nagar 77th Street falls under the jurisdiction of the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By 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 registering property transactions in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of a property.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair price, reflecting the current market conditions. Buyers and sellers must be aware of this value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Ashok Nagar 77th Street?

The current guideline value of Ashok Nagar 77th 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, marking an overall increase of 445% over the years.

What are the stamp duty rates for properties in Ashok Nagar 77th Street?

The stamp duty for properties in Ashok Nagar 77th Street is 7% of the guideline value or the sale price, whichever is higher.

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.

What is the median guideline value for streets in Kodambakkam?

The median guideline value for streets in Kodambakkam is Rs 4,900 per sq.ft, with Ashok Nagar 77th Street's current value being above this median.