Guideline Value for Ashok Nagar Pallavan Colony 83rd Street

Ashok Nagar Pallavan Colony 83rd Street guideline value

The current guideline value of Ashok Nagar Pallavan Colony 83rd Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar SRO, classified as Residential Class III Type - II.

How the guideline value of Ashok Nagar Pallavan Colony 83rd Street has changed

The guideline value for Ashok Nagar Pallavan Colony 83rd Street has seen several revisions over the years. In 2007, the value was Rs 1,210 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012, marking a rise of 272%. However, it then decreased to Rs 3,015 per sq.ft in 2017, reflecting a drop of 33%. The value rose again to Rs 4,500 per sq.ft in 2023, and most recently, it has increased to Rs 4,900 per sq.ft in 2024, which is a change of 9%.

For the years 2002 and 2003, the register has no figure for this street. Overall, from 2007 to 2024, there has been a remarkable increase of 305% in the guideline value.

Guideline values in Kodambakkam

In Kodambakkam, there are 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 guideline value is Rs 4,900 per sq.ft, which is equal to the 2024 figure for Ashok Nagar Pallavan Colony 83rd Street.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, while the registration fee at 2% would be Rs 98,000, resulting in a total of Rs 4,41,000. Please 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 more details.

Which Sub Registrar Office covers Ashok Nagar Pallavan Colony 83rd Street?

The Ashok Nagar Pallavan Colony 83rd 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. You can find your SRO for more information.

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

When buying or selling property in Kodambakkam, the guideline value plays a crucial role in determining the stamp duty and registration fees. It acts as a benchmark for the minimum value at which property transactions are registered, ensuring transparency and compliance with legal requirements.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price of the property. It is essential to consider the guideline value while planning the financial aspects of a property transaction, as it directly influences the total costs involved.

Frequently asked questions

What is the current guideline value for Ashok Nagar Pallavan Colony 83rd Street?

The current guideline value for Ashok Nagar Pallavan Colony 83rd Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,210 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, showing an overall increase of 305% over the years.

What is the land classification for Ashok Nagar Pallavan Colony 83rd Street?

The land classification for Ashok Nagar Pallavan Colony 83rd Street is Residential Class III Type - II.

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

For a 1,000 sq.ft plot valued at Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000, with a stamp duty of Rs 3,43,000 and a registration fee of Rs 98,000, totaling Rs 4,41,000.

Where can I find the Sub Registrar Office for Ashok Nagar Pallavan Colony 83rd Street?

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