Guideline Value for Ashok Nagar Main Road

Ashok Nagar Main Road guideline value

The current guideline value of Ashok Nagar Main Road is Rs 8,800 per sq.ft, effective from 1 July 2024. This road is located in Kodambakkam village under the Ashok Nagar SRO, classified as Mixed Type - I land.

How the guideline value of Ashok Nagar Main Road has changed

The guideline value for Ashok Nagar Main Road has undergone several revisions over the years. The earliest recorded revision in 2007 set the value at Rs 1,500 per sq.ft, which increased significantly to Rs 8,000 per sq.ft in 2012, marking a remarkable rise of 433%. However, from 2012 to 2017, the value decreased to Rs 5,360 per sq.ft, reflecting a decline of 33%. The value then saw a substantial increase to Rs 8,000 per sq.ft in 2023, followed by another rise to Rs 8,800 per sq.ft in 2024, which is a 10% increase.

Overall, from 2007 to 2024, the guideline value has increased by 487%. Notably, there are no recorded figures for the years 2002 and 2003 for this street.

Guideline values in Kodambakkam

Kodambakkam contains a total of 1,031 streets under the Ashok Nagar SRO, with the 2024 guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value is Rs 4,900 per sq.ft, placing the Ashok Nagar Main Road's 2024 figure above this median.

• Ashok Nagar Pallavan Colony 80th Street: Rs 6,600 per sq.ft (2024)
• Ashok Nagar Pallavan Colony 81st Street: Rs 4,900 per sq.ft (2024)
• Ashok Nagar Pallavan Colony 82nd Street: Rs 4,900 per sq.ft (2024)
• Ashok Nagar Pallavan Colony 83rd Street: Rs 4,900 per sq.ft (2024)
• Ashok Nagar Colony Block 89: Rs 11,000 per sq.ft (2024)
• Ashok Nagar Colony Block 53: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value amounts to Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, bringing the total fees to Rs 7,92,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ashok Nagar Main Road?

The Ashok Nagar Main Road falls under the jurisdiction of 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 further assistance.

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

The guideline value is a crucial factor when registering property transactions in Kodambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that transactions are conducted transparently.

Buyers and sellers must consider the guideline value when negotiating sale prices, as the registration fees and stamp duties are calculated based on this value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Ashok Nagar Main Road?

The current guideline value of Ashok Nagar Main Road is Rs 8,800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,500 per sq.ft in 2007 to Rs 8,800 per sq.ft in 2024, marking an overall increase of 487% over the years.

What is the stamp duty for property in Ashok Nagar Main Road?

The stamp duty for property in Ashok Nagar Main Road is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Ashok Nagar Sub Registrar Office?

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

How are registration fees calculated in Kodambakkam?

Registration fees in Kodambakkam are calculated based on the guideline value or the sale price, whichever is higher, with a standard fee of 2% applied to the total value.