Guideline Value for Ashok Niranjan phase -II

Ashok Niranjan phase -II guideline value

The current guideline value for Ashok Niranjan phase -II is Rs 3,732 per sq.ft. This area is located in Kolapakkam village, under the Gooduvancheri SRO, and is classified as Mixed Type - III land.

How the guideline value of Ashok Niranjan phase -II has changed

In the 2017 revision, the guideline value was set at Rs 2,500 per sq.ft. The most recent revision in 2023 increased this value to Rs 3,732 per sq.ft, marking a significant change of +49% over the six-year period.

The guideline value register does not contain figures for the years 2024, 2012, 2007, 2003, and 2002 for this street. Therefore, the only available revisions are from 2017 and 2023.

Guideline values in Kolapakkam

Currently, there are no specific village figures available for Kolapakkam. Ashok Niranjan phase -II is part of the Gooduvancheri SRO, and there are no other streets in Kolapakkam listed with guideline values.

Stamp duty and registration fee for property in Ashok Niranjan phase -II

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 37,32,000. The stamp duty at 7% would be Rs 2,61,240, and the registration fee at 2% would be Rs 74,640, leading to a total of Rs 3,35,880. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ashok Niranjan phase -II?

The Sub Registrar Office that covers Ashok Niranjan phase -II is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

When buying or selling property in Kolapakkam, the guideline value plays a crucial role during the registration process. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value.

The guideline value is determined by the state government and is subject to periodic revisions. Buyers and sellers must be aware of the current guideline value to accurately assess their transaction costs and comply with legal requirements during property registration.

Frequently asked questions

What is the current guideline value of Ashok Niranjan phase -II?

The current guideline value of Ashok Niranjan phase -II is Rs 3,732 per sq.ft, as per the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 2,500 per sq.ft to Rs 3,732 per sq.ft, reflecting a change of +49% over the six-year period.

Are there any guideline values for other years for this street?

The guideline value register does not have figures for the years 2024, 2012, 2007, 2003, and 2002 for Ashok Niranjan phase -II. Therefore, only the revisions from 2017 and 2023 are available.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 3,35,880, which includes a stamp duty of Rs 2,61,240 and a registration fee of Rs 74,640.

Where is the Sub Registrar Office for Ashok Niranjan phase -II located?

The Gooduvancheri Sub Registrar Office, which covers Ashok Niranjan phase -II, is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.