Guideline Value for Ashok Nagar

Ashok Nagar guideline value

The current guideline value of Ashok Nagar, located in Irunkattukottai village under the Sriperumpudur SRO, is Rs 250 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class IV Type - I.

How the guideline value of Ashok Nagar has changed

The guideline value for Ashok Nagar has undergone several revisions over the years. In 2007, the value was Rs 70 per sq.ft, which saw a significant increase to Rs 250 per sq.ft in 2012. However, in 2017, the value was revised down to Rs 167 per sq.ft, before climbing back to Rs 250 per sq.ft in both 2023 and 2024, reflecting no change between these two years.

Notably, there are no figures available for the years 2002 and 2003 for this street. The overall change from 2007 to 2024 is an increase of 257%, with the most substantial increase occurring from 2007 to 2012 at 257%, followed by a decrease of 33% from 2012 to 2017, and a subsequent increase of 50% from 2017 to 2023.

Guideline values in Irunkattukottai

In Irunkattukottai, there are 56 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 250 to Rs 1,250 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value of Ashok Nagar is below this median.

• Anna Street: Rs 600 per sq.ft (2024)
• Anna Nagar: Rs 800 per sq.ft (2024)
• Bakthavathsalam Street: Rs 400 per sq.ft (2024)
• Anna Cross Street: Rs 600 per sq.ft (2024)
• Bharathiyar Street: Rs 400 per sq.ft (2024)
• Ambedkhar Cross Street: Rs 250 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 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty, charged at 7%, would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Ashok Nagar?

The Sub Registrar Office that covers Ashok Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Irunkattukottai. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value as per government standards.

When a property is sold, the buyer and seller must consider the guideline value for calculating stamp duty and registration fees. This ensures that the transaction complies with legal requirements and that the necessary fees are accurately assessed based on the property's value.

Frequently asked questions

What is the current guideline value of Ashok Nagar?

The current guideline value of Ashok Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 70 per sq.ft in 2007 to Rs 250 per sq.ft in 2012. It then decreased to Rs 167 per sq.ft in 2017, before returning to Rs 250 per sq.ft in both 2023 and 2024.

What is the land classification of Ashok Nagar?

Ashok Nagar is classified as Residential Class IV Type - I, which indicates its suitability for residential development under local regulations.

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

The Sub Registrar Office for Ashok Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Ashok Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 250 per sq.ft would incur a stamp duty of Rs 17,500.