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Guideline Value

Corporate

Guideline Value for Ashoka Avenue (1st Main Street)

₹6000/sq.ft.

The guideline value for Ashoka Avenue (1st Main Street) in Konnur village (Konnur SRO, Chennai zone) is Rs 6000 per sq.ft, effective 1 July 2024. It was Rs 5500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Konnur

Village

Konnur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹6000 /sq.ft.
From 1-4-2023 ₹5500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3685 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹800 /sq.ft.
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)

Sub Register Office , Villivakkam Panchat,union Office Complex ,dunlop Bus Stop ,ambattur ,chennai
044-26173020
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Ashoka Avenue (1st Main Street)

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Ashoka Avenue (1st Main Street) guideline value

The current guideline value of Ashoka Avenue (1st Main Street) is Rs 6,000 per sq.ft, effective from 1 July 2024. This street is located in Konnur village and falls under the Konnur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Ashoka Avenue (1st Main Street) has changed

The guideline value for Ashoka Avenue (1st Main Street) has seen several revisions over the years. In 2007, the guideline value was Rs 800 per sq.ft, which increased significantly to Rs 5,500 per sq.ft in 2012. However, it then decreased to Rs 3,685 per sq.ft in 2017. The value rose again to Rs 5,500 per sq.ft in 2023 and is now Rs 6,000 per sq.ft in 2024, marking a 9% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 650%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street in the register.

Guideline values in Konnur

Konnur village has 249 streets under the Konnur SRO, with guideline values ranging from Rs 2,750 to Rs 7,100 per sq.ft. The median guideline value in the village is Rs 3,800 per sq.ft, placing Ashoka Avenue (1st Main Street) above this median value.

Stamp duty and registration fee for property in Ashoka Avenue (1st Main Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 6,000 per sq.ft, the total guideline value amounts to Rs 60,00,000. The stamp duty at 7% would be Rs 4,20,000, and the registration fee at 2% would be Rs 1,20,000, totaling Rs 5,40,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ashoka Avenue (1st Main Street)?

The Sub Registrar Office that covers Ashoka Avenue (1st Main Street) is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. To find your SRO, visit find your SRO.

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

The guideline value is an essential factor in the registration process for property transactions in Konnur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, the guideline value influences the stamp duty and registration fees payable. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ashoka Avenue (1st Main Street)?

The current guideline value of Ashoka Avenue (1st Main Street) is Rs 6,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 6,000 per sq.ft in 2024, showing an overall increase of 650% over this period.

What is the median guideline value in Konnur village?

The median guideline value in Konnur village is Rs 3,800 per sq.ft, with Ashoka Avenue (1st Main Street) having a value above this median.

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

For a property valued at Rs 60,00,000, the stamp duty would be Rs 4,20,000, and the registration fee would be Rs 1,20,000, totaling Rs 5,40,000.

Which office handles property registrations for Ashoka Avenue?

The Konnur Sub Registrar Office handles property registrations for Ashoka Avenue (1st Main Street), located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.