Guideline Value for Ashok Nagar

Ashok Nagar guideline value

The current guideline value of Ashok Nagar, located in Kaduvancheri village under the Sriperumpudur SRO, is Rs 250 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Ashok Nagar has changed

Since the 2012 revision, the guideline value for Ashok Nagar has remained stable at Rs 250 per sq.ft. The 2017 revision saw a decrease to Rs 167 per sq.ft, a change of -33%. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 250 per sq.ft. The 2023 revision maintained this value, showing no change to the 2024 figure.

For the years 2002, 2003, and 2007, the register has no figure for this street. Thus, the guideline value for Ashok Nagar has not changed from 2012 to 2024, remaining at Rs 250 per sq.ft throughout this period.

Guideline values in Kaduvancheri

In Kaduvancheri, there are 37 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 1,500 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, indicating that Ashok Nagar's 2024 figure is below this median.

• Bajanai Koil Street: Rs 200 per sq.ft (2024)
• Alwin Nagar: Rs 200 per sq.ft (2024)
• Adiparasakthi Nagar Pradhana Salai: Rs 300 per sq.ft (2024)
• Adiparasakthi Nagar Madha Koil Street: Rs 300 per sq.ft (2024)
• Adiparasakthi Nagar Kulakkarai Street: Rs 300 per sq.ft (2024)
• Adiparasakthi Nagar 3rd Street: Rs 300 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 at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, making the total cost for these fees Rs 22,500. 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 Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Kaduvancheri. It determines the minimum value at which a property can be sold or purchased, ensuring that the transaction is recorded at a fair value as per government standards.

When you buy or sell property in this area, the guideline value will influence the stamp duty and registration fees that need to be paid. This ensures that the registration process is transparent and reflects the current market conditions as per the official guidelines.

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 as per the 2024 revision, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Ashok Nagar has remained at Rs 250 per sq.ft since 2012, with a decrease to Rs 167 per sq.ft in 2017 and an increase back to Rs 250 per sq.ft by 2023.

What is the median guideline value in Kaduvancheri?

The median guideline value for streets in Kaduvancheri is Rs 300 per sq.ft, with Ashok Nagar's value being below this median at Rs 250 per sq.ft.

What are the stamp duty and registration fees for property in Ashok Nagar?

For a property valued at Rs 2,50,000 in Ashok Nagar, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000, totaling Rs 22,500.

Where is the Sub Registrar Office for Ashok Nagar located?

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