Guideline Value for Ashok Nandavanam Phase - II

Ashok Nandavanam Phase - II guideline value

The current guideline value of Ashok Nandavanam Phase - II is Rs 1,210 per sq.ft, effective from 1 July 2024. This area is located in Vayallanallur village, under the Poonamallee SRO, and is classified as Mixed Type - II land.

How the guideline value of Ashok Nandavanam Phase - II has changed

Over the years, the guideline value of Ashok Nandavanam Phase - II has seen several revisions. The 2012 revision set the guideline value at Rs 1,100 per sq.ft. This figure remained unchanged until the 2017 revision, which reduced it to Rs 737 per sq.ft, marking a decrease of 33%. In the following years, the value increased significantly, reaching Rs 1,100 per sq.ft in the 2023 revision and then rising to Rs 1,210 per sq.ft in the 2024 revision, which represents a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vayallanallur

In Vayallanallur, there are 17 streets under the Poonamallee SRO that carry a 2024 guideline value, ranging from Rs 439 to Rs 4,600 per sq.ft. The median value for these streets is Rs 1,760 per sq.ft, placing Ashok Nandavanam Phase - II's 2024 figure below that median.

• Ashok Nandavanam: Rs 1,210 per sq.ft (2024)
• Kamachi Nagar: Rs 660 per sq.ft (2024)
• Orr: Rs 1,650 per sq.ft (2024)
• Silver Fields By Urban Tree Phase II: Rs 1,760 per sq.ft (2024)
• Sri Ambal Dhanalakshmi Nagar: Rs 1,099 per sq.ft (2024)
• Supradeepam: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Nandavanam Phase - II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value would be Rs 12,10,000. The stamp duty at 7% would amount to Rs 84,700, and the registration fee at 2% would be Rs 24,200, leading to a total of Rs 1,08,900. It is important to note that stamp duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ashok Nandavanam Phase - II?

The Sub Registrar Office that covers Ashok Nandavanam Phase - II is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Vayallanallur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two amounts is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ashok Nandavanam Phase - II?

The current guideline value of Ashok Nandavanam Phase - II is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then to Rs 1,100 per sq.ft in 2023, and finally to Rs 1,210 per sq.ft in 2024.

What is the land classification of Ashok Nandavanam Phase - II?

Ashok Nandavanam Phase - II is classified as Mixed Type - II land.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 12,10,000, the stamp duty would be Rs 84,700, and the registration fee would be Rs 24,200, totaling Rs 1,08,900.

Which Sub Registrar Office should I approach for transactions in Ashok Nandavanam Phase - II?

The Poonamallee Sub Registrar Office is responsible for transactions in Ashok Nandavanam Phase - II. The office is located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.