Guideline Value for Ashok Nagar 90th Street

Ashok Nagar 90th Street guideline value

The current guideline value of Ashok Nagar 90th 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 90th Street has changed

Over the years, the guideline value of Ashok Nagar 90th Street has seen significant revisions. The earliest recorded figure is from 2007, which was Rs 1,210 per sq.ft. This increased 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, a further increase of 49%. The most recent revision in 2024 set the guideline value at Rs 4,900 per sq.ft, reflecting a 9% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2012 for this street. 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 a 2024 guideline value range from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value is Rs 4,900 per sq.ft, which is the same as the guideline value for Ashok Nagar 90th Street.

• Ashok Nagar 8th Street: Rs 4,900 per sq.ft (2024)
• Ashok Nagar 91st Street: Rs 6,600 per sq.ft (2024)
• Ashok Nagar 8th Avenue: Rs 8,800 per sq.ft (2024)
• Ashok Nagar 92nd Street: Rs 7,000 per sq.ft (2024)
• Ashok Nagar 89th Street: Rs 4,900 per sq.ft (2024)
• Ashok Nagar 93rd Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Nagar 90th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be 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.

You can calculate your stamp duty and registration fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ashok Nagar 90th Street?

The Ashok Nagar 90th 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 information.

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

The guideline value is a crucial factor in the registration process 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 that the transaction is recorded accurately in the official records.

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 government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ashok Nagar 90th Street?

The current guideline value of Ashok Nagar 90th 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 significantly from Rs 1,210 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, marking an overall increase of 305%.

What is the stamp duty rate for properties in Ashok Nagar 90th Street?

The stamp duty rate for properties in Ashok Nagar 90th Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ashok Nagar 90th Street?

The Sub Registrar Office for Ashok Nagar 90th Street is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the guideline value determined in Kodambakkam?

The guideline value in Kodambakkam is determined by the Registration Department's guideline value register, which is updated periodically to reflect changes in property values across various streets.