Guideline Value

Corporate

Guideline Value for Ashok Nagar 85th Street

₹4900/sq.ft.

The guideline value for Ashok Nagar 85th Street in Kodambakkam village (Ashok Nagar SRO, Chennai zone) is Rs 4900 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Iii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodambakkam

Village

Ashok Nagar

SRO

Residential Class III Type - II
History
Period Guideline Value
From 1-7-2024 ₹4900 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 ₹1210 /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 85th Street

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Ashok Nagar 85th Street guideline value

The current guideline value of Ashok Nagar 85th 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, and is classified as Residential Class III Type - II.

How the guideline value of Ashok Nagar 85th Street has changed

The guideline value for Ashok Nagar 85th Street has seen several revisions over the years. The 2007 revision set the value at Rs 1,210 per sq.ft, which increased significantly to Rs 3,015 per sq.ft in 2017, marking a 149% rise. The value then rose to Rs 4,500 per sq.ft in 2023, reflecting a 49% increase from the previous revision. The most recent revision in 2024 has set the guideline value at Rs 4,900 per sq.ft, a 9% increase from 2023.

There are no figures available for the revisions in 2002, 2003, and 2012 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 305%.

Guideline values in Kodambakkam

Kodambakkam village 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 is Rs 4,900 per sq.ft, which is equal to the 2024 figure for Ashok Nagar 85th Street.

Stamp duty and registration fee for property in Ashok Nagar 85th Street

For a 1,000 sq.ft plot at the current rate of Rs 4,900 per sq.ft, the guideline value amounts to 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. 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 85th Street?

The Sub Registrar Office that covers Ashok Nagar 85th 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 information.

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

The guideline value is an essential reference point when buying or selling property in Kodambakkam. It is used to determine the stamp duty and registration fees payable during the registration process, ensuring that both the buyer and seller are aware of the official value assigned to the property.

When a property is registered, the guideline value serves as a basis for calculating various fees, which are mandatory for the legal transfer of property ownership. Buyers should always check the current guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Ashok Nagar 85th Street?

The current guideline value of Ashok Nagar 85th 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 increased from Rs 1,210 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, marking a total increase of 305% over the years.

What is the land classification for Ashok Nagar 85th Street?

Ashok Nagar 85th Street is classified as Residential Class III Type - II, indicating its designation for residential purposes.

What are the stamp duty and registration fees for property transactions?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 49,00,000, the total fees would amount to Rs 4,41,000.

Where can I find the Sub Registrar Office for Ashok Nagar 85th Street?

The Sub Registrar Office for Ashok Nagar 85th Street is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur EB Office.