Guideline Value for Ashok Nagar 92nd Street

Ashok Nagar 92nd Street guideline value

The current guideline value of Ashok Nagar 92nd Street is Rs 7,000 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar SRO, and it falls under the Residential Special Type - III land classification.

How the guideline value of Ashok Nagar 92nd Street has changed

The guideline value for Ashok Nagar 92nd Street has seen several revisions over the years. The 2007 revision recorded a guideline value of Rs 2,110 per sq.ft, which increased significantly to Rs 6,500 per sq.ft in 2012. However, there was a decrease to Rs 4,355 per sq.ft in the 2017 revision. The value then rose to Rs 6,500 per sq.ft in 2023, before reaching the current rate of Rs 7,000 per sq.ft in 2024.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2023 to 2024 reflects an 8% increase. Notably, the overall change from the 2007 revision to the 2024 revision shows a substantial increase of 232%. 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 guideline value for these streets is Rs 4,900 per sq.ft, placing Ashok Nagar 92nd Street above this median value.

• Ashok Nagar 91st Street: Rs 6,600 per sq.ft (2024)
• Ashok Nagar 93rd Street: Rs 6,600 per sq.ft (2024)
• Ashok Nagar 90th Street: Rs 4,900 per sq.ft (2024)
• Ashok Nagar 94th Street: Rs 6,600 per sq.ft (2024)
• Ashok Nagar 8th Street: Rs 4,900 per sq.ft (2024)
• Ashok Nagar 95th Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Nagar 92nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,000 per sq.ft, the total guideline value amounts to Rs 70,00,000. The stamp duty at 7% would be Rs 4,90,000, while the registration fee at 2% would be Rs 1,40,000. Together, the total cost for these fees would be Rs 6,30,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Ashok Nagar 92nd Street?

The Sub Registrar Office that covers Ashok Nagar 92nd 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 a critical component during the registration of property transactions in Kodambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential for buyers to be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ashok Nagar 92nd Street?

The current guideline value of Ashok Nagar 92nd Street is Rs 7,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,110 per sq.ft in 2007 to Rs 7,000 per sq.ft in 2024, reflecting an overall increase of 232% over the years.

What is the land classification for Ashok Nagar 92nd Street?

Ashok Nagar 92nd Street falls under the Residential Special Type - III land classification.

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

For a property valued at Rs 70,00,000, the stamp duty would be Rs 4,90,000 and the registration fee would be Rs 1,40,000, totaling Rs 6,30,000.

Where is the Sub Registrar Office for Ashok Nagar 92nd Street located?

The Sub Registrar Office for Ashok Nagar 92nd Street is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.