Guideline Value for Ashok Pillar Road

Ashok Pillar Road guideline value

The current guideline value of Ashok Pillar Road is Rs 7,700 per sq.ft, effective from 1 July 2024. This road is located in Kodambakkam village, under the Ashok Nagar SRO, with a land classification of Mixed Type - II.

How the guideline value of Ashok Pillar Road has changed

The guideline value of Ashok Pillar Road has seen several revisions over the years. In 2007, the guideline value was Rs 3,020 per sq.ft, which increased significantly to Rs 7,000 per sq.ft in 2012. However, it decreased to Rs 4,690 per sq.ft in 2017. The value then rose sharply to Rs 7,000 per sq.ft in 2023 and further increased to the current value of Rs 7,700 per sq.ft in 2024. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 10%. The overall increase from 2007 to 2024 is 155%, showing a significant upward trend in the guideline value over the years.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, placing Ashok Pillar Road's 2024 figure above this median.

• Ashok Nagar Pallavan Colony 83rd Street: Rs 4,900 per sq.ft (2024)
• Ashok Nagar Pallavan Colony 82nd Street: Rs 4,900 per sq.ft (2024)
• Ashok Nagar Pallavan Colony 81st Street: Rs 4,900 per sq.ft (2024)
• Ashok Nagar Pallavan Colony 80th Street: Rs 6,600 per sq.ft (2024)
• Ashok Nagar Main Road: Rs 8,800 per sq.ft (2024)
• Ashok Nagar Colony Block 89: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Ashok Pillar Road

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, totaling Rs 6,93,000. Please 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 information.

Which Sub Registrar Office covers Ashok Pillar Road?

The Sub Registrar Office that covers Ashok Pillar Road is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for additional details.

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

The guideline value plays a crucial role during the registration of property transactions in Kodambakkam. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is conducted in accordance with the legal requirements set by the Registration Department.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It helps in establishing a fair basis for the transaction, ensuring that the property is registered at a value that reflects its worth according to government regulations.

Frequently asked questions

What is the current guideline value of Ashok Pillar Road?

The current guideline value of Ashok Pillar Road is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 3,020 per sq.ft in 2007 to Rs 7,700 per sq.ft in 2024. The most significant increase occurred from 2017 to 2023, where it rose by 49%.

What is the median guideline value for streets in Kodambakkam?

The median guideline value for streets in Kodambakkam is Rs 4,900 per sq.ft, with Ashok Pillar Road's current value being above this median.

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

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 6,93,000, based on the current guideline value of Rs 77,00,000.

Where is the Sub Registrar Office for Ashok Pillar Road located?

The Sub Registrar Office for Ashok Pillar Road is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.