Guideline Value for Ashok Nandavanam II

Ashok Nandavanam II guideline value

The current guideline value of Ashok Nandavanam II in Noombal village, under the Kunrathur SRO, is Rs 2,090 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Ashok Nandavanam II has changed

The guideline value for Ashok Nandavanam II has undergone several revisions over the years. The earliest recorded revision was in 2017, with a guideline value of Rs 1,273 per sq.ft. This increased to Rs 1,900 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 2,090 per sq.ft, reflecting a 10% increase from the previous year.

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

Guideline values in Noombal

Noombal village has a total of 164 streets under the Kunrathur SRO, with the 2024 guideline values ranging from Rs 1,100 to Rs 6,500 per sq.ft. The median guideline value for this area is Rs 2,090 per sq.ft, which is the same as the current value for Ashok Nandavanam II.

• Ashok Nandavanam: Rs 2,090 per sq.ft (2024)
• Ashok Residency Main Road: Rs 2,090 per sq.ft (2024)
• Balaji Nagar: Rs 2,090 per sq.ft (2024)
• Balaji Nagar Main Road: Rs 2,090 per sq.ft (2024)
• Balamurugan Nagar: Rs 2,090 per sq.ft (2024)
• Amirtham Nagar: Rs 2,090 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Nandavanam II

For a 1,000 sq.ft plot at the current guideline value of Rs 2,090 per sq.ft, the total guideline value would be Rs 20,90,000. The stamp duty at 7% would amount to Rs 1,46,300, and the registration fee at 2% would be Rs 41,800. Together, these fees total Rs 1,88,100. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ashok Nandavanam II?

The Sub Registrar Office that covers Ashok Nandavanam II 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 Noombal

The guideline value is a crucial factor when registering property transactions in Noombal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable fees, which can significantly impact the overall cost of the transaction. It is advisable for both parties to consult the latest guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ashok Nandavanam II?

The current guideline value of Ashok Nandavanam II is Rs 2,090 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,273 per sq.ft in 2017 to Rs 2,090 per sq.ft in 2024, marking an overall increase of 64% over this period.

Where can I find the registration office for Ashok Nandavanam II?

The registration office for Ashok Nandavanam II is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, a 1,000 sq.ft plot would incur total fees of Rs 1,88,100.

What is the land classification of Ashok Nandavanam II?

Ashok Nandavanam II is classified as Residential Special Type - I, which influences its guideline value and usage regulations.