Guideline Value for Ashok Nagar

Ashok Nagar guideline value

The current guideline value of Ashok Nagar, a village in Mangadu -A under the Kunrathur SRO, is Rs 1,540 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Ashok Nagar has changed

The guideline value for Ashok Nagar has seen significant changes over the years. In 2017, the guideline value was Rs 938 per sq.ft. This increased to Rs 1,400 per sq.ft in the 2023 revision, marking a rise of 49%. The most recent revision in 2024 set the value at Rs 1,540 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,870 per sq.ft, making Ashok Nagar's 2024 figure below that median.

• A.S. Nagar: Rs 1,540 per sq.ft (2024)
• A.S.R.city: Rs 1,540 per sq.ft (2024)
• Arul Migu Kamatchi Amman Nagar: Rs 1,870 per sq.ft (2024)
• A.R. Nagar: Rs 1,540 per sq.ft (2024)
• Appavoo Nagar, 1st Road to IIIrd Road: Rs 1,540 per sq.ft (2024)
• Ayyan Nagar: Rs 1,540 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 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more details, 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 Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value is a critical factor in the registration process when buying or selling property in Mangadu -A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees. This ensures that both the buyer and the seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Ashok Nagar?

The current guideline value of Ashok Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 938 per sq.ft to Rs 1,540 per sq.ft in 2024, marking an overall increase of 64%.

What are the stamp duty rates for property in Ashok Nagar?

The stamp duty rate for property transactions in Ashok Nagar is 7% of the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Ashok Nagar is located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the median guideline value for streets in Mangadu -A?

The median guideline value for streets in Mangadu -A is Rs 1,870 per sq.ft, which is higher than the current value of Ashok Nagar.