Guideline Value for Ashok Nagar

Ashok Nagar guideline value

The current guideline value of Ashok Nagar, located in Valarpuram village under the Sriperumpudur SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - I land classification.

How the guideline value of Ashok Nagar has changed

Over the years, the guideline value of Ashok Nagar has seen several revisions. The most recent revision in 2024 maintains the guideline value at Rs 200 per sq.ft, unchanged from the 2023 revision. Prior to that, the 2017 revision recorded a figure of Rs 134 per sq.ft, marking a significant increase of 49% from 2017 to 2023. The 2012 revision also set the value at Rs 200 per sq.ft, but this represented a decrease of 33% from the 2012 figure to the 2017 figure. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 200 per sq.ft.

The register does not contain figures for the years 2002, 2003, and 2007 for this street. Therefore, the changes in guideline value are only noted from the available revisions in 2012, 2017, 2023, and 2024.

Guideline values in Valarpuram

In Valarpuram, there are 91 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 2,025 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value of Ashok Nagar is below this median.

• Arul Avenue Phase III: Rs 400 per sq.ft (2024)
• Arakkonam Main Road: Rs 700 per sq.ft (2024)
• Bajanai Koil Street: Rs 200 per sq.ft (2024)
• Anna Nagar 4th Street: Rs 300 per sq.ft (2024)
• Anna Nagar 3rd Street: Rs 300 per sq.ft (2024)
• Anna Nagar 2nd 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 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty is charged at 7%, which totals Rs 14,000, while the registration fee at 2% amounts to Rs 4,000. Together, the total cost for stamp duty and registration fee is Rs 18,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use our 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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Valarpuram. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two is used to calculate the applicable fees.

Understanding the guideline value is essential for both buyers and sellers, as it affects the overall cost of property transactions. It is advisable to check the latest guideline values before proceeding with any property dealings to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ashok Nagar?

The current guideline value of Ashok Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2012 to 2024, with a notable increase of 49% from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023.

Which Sub Registrar Office covers Ashok Nagar?

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

How is stamp duty calculated in Ashok Nagar?

Stamp duty in Ashok Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, on a guideline value of Rs 2,00,000, the stamp duty would be Rs 14,000.

What is the land classification of Ashok Nagar?

Ashok Nagar falls under the Residential Class III Type - I land classification, which is relevant for determining the guideline value and related regulations.