Guideline Value for Ashok Nagar 91st Street

Ashok Nagar 91st Street guideline value

The current guideline value of Ashok Nagar 91st 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, and is classified as Residential Class II Type - II.

How the guideline value of Ashok Nagar 91st Street has changed

The guideline value for Ashok Nagar 91st Street has seen several revisions over the years. The earliest recorded revision in 2007 set the value at Rs 1,210 per sq.ft, which then increased significantly to Rs 6,000 per sq.ft in 2012. However, this value dropped to Rs 4,020 per sq.ft in 2017. In 2023, the value was revised to Rs 6,000 per sq.ft, and the latest revision in 2024 raised it to Rs 6,600 per sq.ft, marking a 10% increase from the previous year.

Between the revisions, the changes are noteworthy. From 2007 to 2012, there was a substantial increase of 396%. However, the value decreased by 33% from 2012 to 2017. The jump from 2017 to 2023 was a significant 49%, and the overall increase from 2007 to 2024 stands at 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 among these streets is Rs 4,900 per sq.ft, placing Ashok Nagar 91st Street's 2024 figure above that median.

• Ashok Nagar 90th Street: Rs 4,900 per sq.ft (2024)
• Ashok Nagar 92nd Street: Rs 7,000 per sq.ft (2024)
• Ashok Nagar 8th Street: Rs 4,900 per sq.ft (2024)
• Ashok Nagar 93rd Street: Rs 6,600 per sq.ft (2024)
• Ashok Nagar 8th Avenue: Rs 8,800 per sq.ft (2024)
• Ashok Nagar 94th Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Nagar 91st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to 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, bringing the total fees together to Rs 5,94,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ashok Nagar 91st Street?

The Ashok Nagar Sub Registrar Office covers Ashok Nagar 91st Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur EB Office. You can find your SRO for further assistance.

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

The guideline value is a critical factor in the registration process when buying or selling property in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, reflecting the current market conditions. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Ashok Nagar 91st Street?

The current guideline value of Ashok Nagar 91st 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, reflecting an overall increase of 445% over the years.

What is the registration office for Ashok Nagar 91st Street?

The registration office for Ashok Nagar 91st Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions is typically set at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2%.

How can I calculate the stamp duty and registration fees?

You can calculate the stamp duty and registration fees using the stamp duty and registration fee calculator available online for accurate calculations.