Guideline Value for Ashok Nagar 95th Street

Ashok Nagar 95th Street guideline value

The current guideline value of Ashok Nagar 95th 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 95th Street has changed

The guideline value for Ashok Nagar 95th Street has undergone several revisions over the years. The earliest recorded value was Rs 1,460 per sq.ft in 2007. This increased significantly to Rs 6,000 per sq.ft in 2012, but then saw a decrease to Rs 4,020 per sq.ft in 2017. Following this, the value rose to Rs 6,000 per sq.ft in 2023, and most recently, it has reached Rs 6,600 per sq.ft in the 2024 revision.

Notably, the changes between these revisions include a 311% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024. 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 for these streets is Rs 4,900 per sq.ft, making the 2024 figure for Ashok Nagar 95th Street above this median.

• Ashok Nagar 94th Street: Rs 6,600 per sq.ft (2024)
• Ashok Nagar 9th Avenue: Rs 9,300 per sq.ft (2024)
• Ashok Nagar 93rd Street: Rs 6,600 per sq.ft (2024)
• Ashok Nagar 9th Street: Rs 4,900 per sq.ft (2024)
• Ashok Nagar 92nd Street: Rs 7,000 per sq.ft (2024)
• Ashok Nagar Colony: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Nagar 95th Street

For a 1,000 sq.ft plot at the current rate of Rs 6,600 per sq.ft, the guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, while the registration fee at 2% would be Rs 1,32,000, totaling Rs 5,94,000. It is important to note that 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 information.

Which Sub Registrar Office covers Ashok Nagar 95th Street?

The Ashok Nagar 95th Street is covered by the Ashok Nagar Sub Registrar Office, 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 when registering property in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers should be aware that these fees are calculated based on the higher of the guideline value and the sale price.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and fairly in the official records. It is essential for both parties to understand the implications of the guideline value in their real estate dealings.

Frequently asked questions

What is the current guideline value of Ashok Nagar 95th Street?

The current guideline value of Ashok Nagar 95th 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 1,460 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, with several revisions in between, including a decrease in 2017 and increases in the subsequent years.

What is the land classification for Ashok Nagar 95th Street?

Ashok Nagar 95th Street is classified as Residential Class II Type - II.

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

The stamp duty is charged at 7%, and the registration fee is charged at 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur total fees of Rs 5,94,000.

Which office handles registrations for Ashok Nagar 95th Street?

The Ashok Nagar Sub Registrar Office handles registrations for Ashok Nagar 95th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.