Guideline Value for Ashok Nandavanam

Ashok Nandavanam guideline value

The current guideline value of Ashok Nandavanam is Rs 1,980 per sq.ft, effective from 1 July 2024. This area is located in Varadarajapuram village under the Padappai SRO, and it 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 register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 1,800 per sq.ft, which was then increased by 10% to Rs 1,980 per sq.ft in the 2024 revision.

Prior to the 2023 revision, the register does not contain figures for the years mentioned. The increase from Rs 1,800 to Rs 1,980 reflects the latest adjustment in the guideline value for this street.

Guideline values in Varadarajapuram

In Varadarajapuram, there are 250 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 4,100 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, making the guideline value of Ashok Nandavanam above this median.

• Ashtalakshmi Nagar Extension - III: Rs 1,980 per sq.ft (2024)
• Astalakshmi Nagar: Rs 1,650 per sq.ft (2024)
• Astalakshmi Nagar Extn I and II: Rs 1,650 per sq.ft (2024)
• Athivaradar Avenue: Rs 3,700 per sq.ft (2024)
• Athivaradar Avenue Extension: Rs 3,700 per sq.ft (2024)
• Arunachalam Avenue: Rs 1,650 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 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200. It is important to note that the 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?

The Sub Registrar Office covering Ashok Nandavanam is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Varadarajapuram. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration reflects the true value of the property being transacted.

Frequently asked questions

What is the current guideline value of Ashok Nandavanam?

The current guideline value of Ashok Nandavanam is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed recently?

The guideline value increased from Rs 1,800 per sq.ft in 2023 to Rs 1,980 per sq.ft in 2024, reflecting a 10% increase.

What is the land classification of Ashok Nandavanam?

Ashok Nandavanam is classified as Residential Special Type - I.

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

The Sub Registrar Office for Ashok Nandavanam is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated for properties in Ashok Nandavanam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a plot valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 at a rate of 7%.