Guideline Value for Ashok Nagar

Ashok Nagar guideline value

The current guideline value of Ashok Nagar, located in Orathur village under the Gooduvancheri SRO, is Rs 400 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Ashok Nagar has changed

The guideline value for Ashok Nagar has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 150 per sq.ft. This increased to Rs 400 per sq.ft in 2012, marking a significant rise of 167%. However, in 2017, the value decreased to Rs 268 per sq.ft, a drop of 33%. The value then rose again to Rs 400 per sq.ft in both 2023 and the latest revision in 2024, showing no change between these two years.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 figure to the current 2024 figure, there has been an increase of 167%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Orathur

In Orathur village, there are 80 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 335 to Rs 1,700 per sq.ft. The median guideline value for these streets is Rs 500 per sq.ft, placing Ashok Nagar's 2024 figure below this median.

• Arthanareeswarar Nagar: Rs 400 per sq.ft (2024)
• Babu Nagar: Rs 505 per sq.ft (2024)
• Balaji Avenue: Rs 505 per sq.ft (2024)
• Balaji Nagar: Rs 505 per sq.ft (2024)
• Ambal Nagar: Rs 400 per sq.ft (2024)
• Adhithya Garden: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ashok Nagar?

The Sub Registrar Office that covers Ashok Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during property transactions in Orathur. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must be aware of the guideline value to ensure compliance with registration laws.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values for different areas.

Frequently asked questions

What is the current guideline value of Ashok Nagar?

The current guideline value of Ashok Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 400 per sq.ft in 2024, with various increases and decreases in between. Notably, there was a drop to Rs 268 per sq.ft in 2017 before returning to Rs 400 per sq.ft in 2023 and 2024.

What is the land classification of Ashok Nagar?

Ashok Nagar is classified as Residential Special Type - I, indicating its designation for residential development within the area.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Ashok Nagar is charged at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2%.

Where can I find the Sub Registrar Office for Ashok Nagar?

The Sub Registrar Office for Ashok Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.