Guideline Value for Ashok Nagar 93rd Street

Ashok Nagar 93rd Street guideline value

The current guideline value of Ashok Nagar 93rd Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Ashok Nagar 93rd Street has changed

The guideline value for Ashok Nagar 93rd Street has undergone several revisions over the years. The earliest recorded value was Rs 1,460 per sq.ft in 2007, which significantly increased to Rs 6,000 per sq.ft in 2012, marking a 311% rise. However, it then decreased to Rs 4,020 per sq.ft in 2017, a decline of 33%. The value saw a substantial increase again to Rs 6,000 per sq.ft in 2023, and currently stands at Rs 6,600 per sq.ft as per the 2024 revision, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 352%.

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 in this area is Rs 4,900 per sq.ft, placing Ashok Nagar 93rd Street above this median with its current value of Rs 6,600 per sq.ft.

• Ashok Nagar 92nd Street: Rs 7,000 per sq.ft (2024)
• Ashok Nagar 94th Street: Rs 6,600 per sq.ft (2024)
• Ashok Nagar 91st Street: Rs 6,600 per sq.ft (2024)
• Ashok Nagar 95th Street: Rs 6,600 per sq.ft (2024)
• Ashok Nagar 90th Street: Rs 4,900 per sq.ft (2024)
• Ashok Nagar 9th Avenue: Rs 9,300 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Nagar 93rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total to Rs 5,94,000. It is important to note that the 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 93rd Street?

The Ashok Nagar Sub Registrar Office covers Ashok Nagar 93rd Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur EB Office. To find your SRO, you can visit find your SRO.

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 price at which a property can be registered. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, both parties must consider the guideline value, as it can influence negotiations and the final sale price. It is essential to be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Ashok Nagar 93rd Street?

The current guideline value of Ashok Nagar 93rd 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 significantly, from Rs 1,460 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, marking an overall increase of 352%.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000 and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000.

Which office handles the registration for Ashok Nagar 93rd Street?

The Ashok Nagar Sub Registrar Office is responsible for handling registrations for Ashok Nagar 93rd Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the median guideline value in Kodambakkam?

The median guideline value in Kodambakkam is Rs 4,900 per sq.ft, with Ashok Nagar 93rd Street's value of Rs 6,600 per sq.ft being above this median.