Guideline Value for Ashok Niranjan

Ashok Niranjan guideline value

The current guideline value of Ashok Niranjan is Rs 1,000 per sq.ft. This street is located in Kolapakkam village, under the Gooduvancheri SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Ashok Niranjan has changed

In the 2012 revision, the guideline value was set at Rs 1,000 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 670 per sq.ft, marking a decrease of 33%. The most recent revision in 2023 saw a significant increase, bringing the guideline value back up to Rs 1,000 per sq.ft, which is a rise of 49% from the 2017 figure.

Overall, comparing the 2012 and 2023 revisions, the guideline value has remained stable, showing no percentage change. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Kolapakkam

Currently, there are no specific village figures provided for Kolapakkam. The street of Ashok Niranjan is the only one mentioned under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Ashok Niranjan

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, resulting in a total of Rs 90,000. It is important to note that the 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 Niranjan?

The Sub Registrar Office that covers Ashok Niranjan is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Kolapakkam, the guideline value is used to determine the stamp duty and registration fees payable at the time of registration. The guideline value serves as a benchmark to ensure that the property is registered at a fair valuation, in accordance with the local regulations.

It is crucial for buyers and sellers to be aware of the guideline value as it directly impacts the costs associated with property transactions. The registration office will use the guideline value to calculate the necessary fees, ensuring compliance with the legal requirements of property registration.

Frequently asked questions

What is the current guideline value of Ashok Niranjan?

The current guideline value of Ashok Niranjan is Rs 1,000 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has seen fluctuations, with a decrease from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, followed by an increase back to Rs 1,000 per sq.ft in 2023.

What is the land classification of Ashok Niranjan?

Ashok Niranjan is classified as Commercial Class I Type - II, which indicates its suitability for commercial activities.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 10,00,000 would incur a stamp duty of Rs 70,000 and a registration fee of Rs 20,000.