Guideline Value for Ashok Nandavanam

Ashok Nandavanam guideline value

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

How the guideline value of Ashok Nandavanam has changed

Since the 2017 revision, the guideline value has seen significant changes. The 2017 revision set the value at Rs 737 per sq.ft, which increased to Rs 1,100 per sq.ft in the 2023 revision. This marks a 49% increase over the six-year period. The current 2024 revision reflects a further increase of 10%, bringing the value to Rs 1,210 per sq.ft.

Overall, from the 2017 revision to the 2024 revision, the guideline value has risen 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 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 guideline value for these streets is Rs 1,760 per sq.ft, placing Ashok Nandavanam's 2024 figure below that median.

• Ashok Nandavanam Phase - II: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value amounts to Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, making the total cost for these fees Rs 1,08,900. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ashok Nandavanam?

The Ashok Nandavanam area falls under 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 crucial during property transactions in Vayallanallur, as it determines the minimum value at which a property can be registered. This value is used to calculate stamp duty and registration fees, which are mandatory for property transactions.

When buying or selling property in Ashok Nandavanam, it is essential to be aware of the current guideline value, as it affects the overall cost of the transaction. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any issues during registration.

Frequently asked questions

What is the current guideline value for Ashok Nandavanam?

The current guideline value for Ashok Nandavanam is Rs 1,210 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 737 per sq.ft in 2017 to Rs 1,210 per sq.ft in 2024, marking an overall increase of 64% over this period.

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

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 covers Ashok Nandavanam?

The Poonamallee Sub Registrar Office covers Ashok Nandavanam, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value for properties. It is also used to calculate the stamp duty and registration fees required during property transactions.