Guideline Value for Ashok Nagar 83rd Street

Ashok Nagar 83rd Street guideline value

The current guideline value of Ashok Nagar 83rd Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village, under the Ashok Nagar SRO, classified as Residential Class III Type - II.

How the guideline value of Ashok Nagar 83rd Street has changed

In the 2007 revision, the guideline value was Rs 1,210 per sq.ft. This increased significantly to Rs 4,500 per sq.ft in the 2012 revision, representing a growth of 272%. However, in the 2017 revision, the value decreased to Rs 3,015 per sq.ft, a decline of 33%. The guideline value then rose sharply to Rs 4,500 per sq.ft in the 2023 revision, marking a 49% increase. The most recent 2024 revision set the value at Rs 4,900 per sq.ft, reflecting a 9% increase from the previous year.

The register has no figure for Ashok Nagar 83rd Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 305%.

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, which is equal to the 2024 guideline value for Ashok Nagar 83rd Street.

• Ashok Nagar 81st Street: Rs 4,900 per sq.ft (2024)
• Ashok Nagar 82nd Street: Rs 4,900 per sq.ft (2024)
• Ashok Nagar 84th Street: Rs 4,900 per sq.ft (2024)
• Ashok Nagar 85th Street: Rs 4,900 per sq.ft (2024)
• Ashok Nagar 80th Street: Rs 6,600 per sq.ft (2024)
• Ashok Nagar 86th Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Nagar 83rd Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, totaling Rs 4,41,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ashok Nagar 83rd Street?

The Ashok Nagar Sub Registrar Office covers Ashok Nagar 83rd Street. The office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By 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 property transactions in Kodambakkam, as it determines the minimum value at which a property can be registered. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees, ensuring compliance with legal requirements.

It is essential for buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall cost of the transaction. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Ashok Nagar 83rd Street?

The current guideline value of Ashok Nagar 83rd Street is Rs 4,900 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 4,900 per sq.ft in 2024, an overall increase of 305%.

What are the stamp duty and registration fees for properties here?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 4,41,000, based on the current guideline value.

Where is the Sub Registrar Office for Ashok Nagar 83rd Street located?

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

What other streets have the same guideline value in Kodambakkam?

Other streets in Kodambakkam with the same guideline value of Rs 4,900 per sq.ft include Ashok Nagar 81st Street, Ashok Nagar 82nd Street, Ashok Nagar 84th Street, and Ashok Nagar 85th Street.