Guideline Value for Ashok Nandavanam

Ashok Nandavanam guideline value

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

How the guideline value of Ashok Nandavanam has changed

The guideline value for Ashok Nandavanam has seen several revisions over the years. The 2017 revision set the value at Rs 1,273 per sq.ft, which increased to Rs 1,900 per sq.ft in 2023. The most recent revision in 2024 has raised the value to Rs 2,090 per sq.ft, marking 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. The significant changes in the guideline values reflect the adjustments made over the years, with a 49% increase from 2017 to 2023 and a consistent rise leading up to the current rate.

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 these streets is Rs 2,090 per sq.ft, which is also the current value for Ashok Nandavanam.

• Ashok Nandavanam II: 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

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, the total cost for these fees would be Rs 1,88,100. 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 Nandavanam?

The Sub Registrar Office that covers Ashok Nandavanam is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value plays a crucial role during property transactions in Noombal. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers and sellers should be aware that the guideline value can influence the overall transaction costs.

When registering a property, the guideline value is referenced to ensure that the correct fees are calculated. This helps maintain transparency in property transactions and ensures that all parties are aware of the financial implications involved.

Frequently asked questions

What is the current guideline value of Ashok Nandavanam?

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

How 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, reflecting a 64% increase over this period.

What are the stamp duty and registration fees for properties in Ashok Nandavanam?

For a property valued at Rs 20,90,000, the stamp duty would be Rs 1,46,300 and the registration fee would be Rs 41,800, totaling Rs 1,88,100.

Which office handles property registrations for Ashok Nandavanam?

The Kunrathur Sub Registrar Office handles property registrations for Ashok Nandavanam, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the stamp duty and registration fees during property transactions, ensuring transparency and clarity in the costs involved.