Guideline Value

Corporate

Guideline Value for Ashok Residency Main Road

₹2090/sq.ft.

The guideline value for Ashok Residency Main Road in Noombal village (Kunrathur SRO, Chennai zone) is Rs 2090 per sq.ft, effective 1 July 2024. It was Rs 1900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Noombal

Village

Kunrathur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2090 /sq.ft.
From 1-4-2023 ₹1900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1273 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Ashok Residency Main Road

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Ashok Residency Main Road guideline value

The current guideline value of Ashok Residency Main Road in Noombal village is Rs 2,090 per sq.ft, effective from 1 July 2024. This area falls under the Kunrathur SRO and is classified as Residential Special Type - I.

How the guideline value of Ashok Residency Main Road has changed

Over the years, the guideline value of Ashok Residency Main Road has seen several revisions. The 2017 revision set the value at Rs 1,273 per sq.ft. This was followed by a significant increase in the 2023 revision, which raised the value to Rs 1,900 per sq.ft, marking a 49% increase from the previous figure. The latest revision in 2024 has further increased the guideline value to Rs 2,090 per sq.ft, reflecting a 10% rise from the 2023 figure.

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

Guideline values in Noombal

Noombal village has a total of 164 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 6,500 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, which is the same as the guideline value for Ashok Residency Main Road.

Stamp duty and registration fee for property in Ashok Residency Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,090 per sq.ft, the total guideline value would be Rs 20,90,000. The stamp duty at 7% would amount to Rs 1,46,300, and the registration fee at 2% would be Rs 41,800, bringing the total fees to Rs 1,88,100. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ashok Residency Main Road?

The Sub Registrar Office that covers Ashok Residency Main Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Noombal. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value.

When a property is sold, the guideline value helps to establish a fair assessment for taxation purposes. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Ashok Residency Main Road?

The current guideline value of Ashok Residency Main Road is Rs 2,090 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,273 per sq.ft in 2017 to Rs 1,900 per sq.ft in 2023, and currently stands at Rs 2,090 per sq.ft in 2024, marking a 64% increase overall from 2017 to 2024.

What is the land classification for Ashok Residency Main Road?

Ashok Residency Main Road is classified as Residential Special Type - I, indicating its intended use for residential purposes.

Where can I find the registration office for Ashok Residency Main Road?

The registration office for Ashok Residency Main Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in Noombal?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 20,90,000, the stamp duty would be Rs 1,46,300 at a rate of 7%.