Guideline Value for Ashok Nandhavanam

Ashok Nandhavanam guideline value

The current guideline value of Ashok Nandhavanam is Rs 880 per sq.ft, effective from 1 July 2024. This area is located in Tharapakkam village and falls under the Pammal SRO. The land classification is Residential Class III Type - I.

How the guideline value of Ashok Nandhavanam has changed

The guideline value for Ashok Nandhavanam has seen several revisions over the years. The oldest recorded revision is from 2017, where the guideline value was Rs 536 per sq.ft. This increased to Rs 800 per sq.ft in 2023, marking a significant rise of 49%. The latest revision in 2024 sets the value at Rs 880 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Tharapakkam

In Tharapakkam, there are 47 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,000 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, making Ashok Nandhavanam's 2024 figure below that median.

• ARK Vigneshwara Nagar: Rs 990 per sq.ft (2024)
• Anna Street: Rs 1,100 per sq.ft (2024)
• Amman Koil Street (ward 7): Rs 990 per sq.ft (2024)
• Amman Koil Street (ward 5): Rs 990 per sq.ft (2024)
• Ambethkar Street (ward 4): Rs 1,100 per sq.ft (2024)
• Ambethkar Street (ward 3): Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Nandhavanam

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total cost for these fees to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ashok Nandhavanam?

The Sub Registrar Office that covers Ashok Nandhavanam is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Tharapakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When buying or selling property, the guideline value helps in determining the legal price of the property. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ashok Nandhavanam?

The current guideline value of Ashok Nandhavanam is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 536 per sq.ft in 2017 to Rs 880 per sq.ft in 2024, marking a total increase of 64% over this period.

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

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which Sub Registrar Office is responsible for Ashok Nandhavanam?

The Pammal Sub Registrar Office is responsible for Ashok Nandhavanam, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

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

The guideline value serves as a benchmark for calculating stamp duty and registration fees during property transactions, ensuring that these costs are standardized and transparent.