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Guideline Value

Corporate

Guideline Value for Ashoka Avenue and others Streets)

₹6000/sq.ft.

The guideline value for Ashoka Avenue And Others Streets) 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 And Others Streets)

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Ashoka Avenue and others Streets) guideline value

The current guideline value for Ashoka Avenue and other streets in Konnur village, under the Konnur SRO, is Rs 6,000 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Ashoka Avenue and others Streets) has changed

The guideline value for Ashoka Avenue has undergone several revisions over the years. In 2007, the guideline value was Rs 800 per sq.ft, which saw a significant increase to Rs 5,500 per sq.ft in 2012, marking a remarkable rise of 588%. However, this value decreased to Rs 3,685 per sq.ft in 2017, reflecting a drop of 33%. The subsequent revision in 2023 brought the value back up to Rs 5,500 per sq.ft, before reaching the current rate of Rs 6,000 per sq.ft in 2024, which is an increase of 9% from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 650%, showcasing a substantial change over the years.

Guideline values in Konnur

Konnur village has a total of 249 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 7,100 per sq.ft, with a median value of Rs 3,800 per sq.ft. The guideline value for Ashoka Avenue is above this median.

Stamp duty and registration fee for property in Ashoka Avenue and others Streets)

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, bringing the total fees to Rs 5,40,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ashoka Avenue and others Streets)?

The Ashoka Avenue and other streets are covered by the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Konnur. It is used to determine the stamp duty and registration fees that buyers must pay when registering a property. This ensures that the government receives the appropriate revenue based on the property’s assessed value.

When buying or selling property, the guideline value is essential for both parties to understand the financial obligations involved. Buyers should be aware that the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price, ensuring transparency in the transaction process.

Frequently asked questions

What is the current guideline value of Ashoka Avenue?

The current guideline value of Ashoka Avenue 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 significantly, from Rs 800 per sq.ft in 2007 to Rs 6,000 per sq.ft in 2024, reflecting an overall increase of 650% over the years.

What are the stamp duty and registration fees for properties in Ashoka Avenue?

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 registrations for Ashoka Avenue?

The Konnur Sub Registrar Office handles registrations for Ashoka Avenue, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the land classification for Ashoka Avenue?

The land classification for Ashoka Avenue is Residential Special Type - I, indicating its designated use for residential purposes.