Guideline Value for Ashok Nandavanam

Ashok Nandavanam guideline value

The current guideline value of Ashok Nandavanam is Rs 1,210 per sq.ft, effective from 1 July 2024. This area is located in Vayallanallur_b village and falls under the Poonamallee SRO. The land classification for this street is Mixed Type - II.

How the guideline value of Ashok Nandavanam has changed

Over the years, the guideline value of Ashok Nandavanam 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. The most recent revision in 2024 raised the guideline value to Rs 1,210 per sq.ft, marking a 10% increase from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%, and overall, from 2017 to 2024, there has been a 64% increase. These changes reflect the adjustments made in the guideline values as per the revisions conducted by the Registration Department.

Guideline values in Vayallanallur_b

In Vayallanallur_b, there are 27 streets under the Poonamallee SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 3,100 per sq.ft. The median guideline value for the village is Rs 1,640 per sq.ft, placing Ashok Nandavanam's 2024 figure below this median.

• Ashok Nandavanam Phase - II: Rs 1,640 per sq.ft (2024)
• Ashok Nandhavanam Phase - III: Rs 1,099 per sq.ft (2024)
• Ayaan City: Rs 2,250 per sq.ft (2024)
• Arkay Garden Nagar: Rs 1,800 per sq.ft (2024)
• A B S Graden: Rs 500 per sq.ft (2024)
• Abs Garden Phase 2: Rs 1,640 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 would be Rs 12,10,000. The stamp duty, charged at 7%, would amount to Rs 84,700, while the registration fee at 2% would be Rs 24,200. Together, the total cost for duty and fees would be Rs 1,08,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, 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 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_b

The guideline value plays a crucial role when buying or selling property in Vayallanallur_b. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. The guideline value ensures that the property is valued appropriately for taxation purposes.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ashok Nandavanam?

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

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 737 per sq.ft to Rs 1,210 per sq.ft in 2024, which is an overall increase of 64%.

What is the land classification for Ashok Nandavanam?

The land classification for Ashok Nandavanam is Mixed Type - II.

Where can I find the registration office for Ashok Nandavanam?

The registration office for Ashok Nandavanam is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

How is the stamp duty calculated for properties in Ashok Nandavanam?

The stamp duty for properties in Ashok Nandavanam is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 12,10,000, the stamp duty would be Rs 84,700 at a rate of 7%.