Guideline Value for Ashok Nagar Pallavan Colony 81st Street

Ashok Nagar Pallavan Colony 81st Street guideline value

The current guideline value of Ashok Nagar Pallavan Colony 81st Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village, under the Ashok Nagar Sub Registrar Office (SRO). The land classification for this area is Residential Class III Type - II.

How the guideline value of Ashok Nagar Pallavan Colony 81st Street has changed

In the 2007 revision, the guideline value was Rs 1,210 per sq.ft. This figure saw a significant increase in the 2012 revision, where it rose to Rs 4,500 per sq.ft, marking a growth of 272%. However, in the 2017 revision, the value decreased to Rs 3,015 per sq.ft, a decline of 33%. The 2023 revision then increased the value to Rs 4,500 per sq.ft, followed by the current 2024 revision, which has set the value at Rs 4,900 per sq.ft, reflecting a rise of 9%. The register has no figures for the years 2002 and 2003 for this street.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 305%.

Guideline values in Kodambakkam

Kodambakkam village has a range of guideline values for its 1,031 streets under the Ashok Nagar SRO, with figures varying from Rs 2,200 to Rs 11,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, which is the same as the guideline value for Ashok Nagar Pallavan Colony 81st Street.

• Ashok Nagar Pallavan Colony 80th Street: Rs 6,600 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 Main Road: Rs 8,800 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 Pallavan Colony 81st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, totaling Rs 4,41,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ashok Nagar Pallavan Colony 81st Street?

The Ashok Nagar Sub Registrar Office covers Ashok Nagar Pallavan Colony 81st Street. The office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value is a crucial factor in the property registration process in Kodambakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, and this can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Ashok Nagar Pallavan Colony 81st Street?

The current guideline value of Ashok Nagar Pallavan Colony 81st Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 1,210 per sq.ft to Rs 4,900 per sq.ft in 2024, showing an overall increase of 305% over this period.

What are the stamp duty and registration fees for this street?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 4,41,000, based on the current guideline value of Rs 49,00,000.

Which office handles property registrations for this area?

The Ashok Nagar Sub Registrar Office is responsible for property registrations in Ashok Nagar Pallavan Colony 81st Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

Where can I find more information about guideline values in Kodambakkam?

You can find detailed information about guideline values for various streets in Kodambakkam through the Registration Department's guideline value register and related resources.