Guideline Value for Ashoka Avenue(1 to 5 Cross Street)

Ashoka Avenue(1 to 5 Cross Street) guideline value

The current guideline value of Ashoka Avenue(1 to 5 Cross Street) is Rs 6,000 per sq.ft, effective from 1 July 2024. This street is located in Konnur village, under the Konnur SRO, and is classified as Residential Special Type - I.

How the guideline value of Ashoka Avenue(1 to 5 Cross Street) has changed

The guideline value for Ashoka Avenue(1 to 5 Cross Street) has seen several revisions over the years. In 2007, the value was Rs 1,500 per sq.ft, which increased significantly to Rs 5,500 per sq.ft by 2012, marking a 267% rise. However, from 2012 to 2017, the value decreased to Rs 3,685 per sq.ft, representing a decline of 33%. The value then rose to Rs 5,500 per sq.ft in 2023, a 49% increase from the previous revision. The latest revision in 2024 set the guideline value at Rs 6,000 per sq.ft, reflecting a 9% increase from 2023.

The register has no figures for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 300%.

Guideline values in Konnur

In Konnur, there are 249 streets under the Konnur SRO, with 2024 guideline values ranging from Rs 2,750 to Rs 7,100 per sq.ft. The median value is Rs 3,800 per sq.ft, placing Ashoka Avenue(1 to 5 Cross Street) above this median with its current value of Rs 6,000 per sq.ft.

• Ashoka Avenue (1st Main Street): Rs 6,000 per sq.ft (2024)
• Ashoka Avenue and others Streets: Rs 6,000 per sq.ft (2024)
• Arjun Nagar: Rs 5,500 per sq.ft (2024)
• Athilakshmi Nagar: Rs 3,800 per sq.ft (2024)
• Avvai Nagar Kambar Street: Rs 5,500 per sq.ft (2024)
• Avvai Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Ashoka Avenue(1 to 5 Cross 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 or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ashoka Avenue(1 to 5 Cross Street)?

The Sub Registrar Office that covers Ashoka Avenue(1 to 5 Cross 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, you can visit find your SRO.

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

The guideline value is an essential factor during the registration of property transactions in Konnur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that both buyers and sellers are aware of the official value assigned to the property.

When buying or selling property, the guideline value helps in assessing the legal and financial implications of the transaction. It is crucial for both parties to understand this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ashoka Avenue(1 to 5 Cross Street)?

The current guideline value of Ashoka Avenue(1 to 5 Cross 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 significantly over the years, from Rs 1,500 per sq.ft in 2007 to Rs 6,000 per sq.ft in 2024, reflecting an overall increase of 300%.

What is the land classification for Ashoka Avenue(1 to 5 Cross Street)?

Ashoka Avenue(1 to 5 Cross Street) is classified as Residential Special Type - I.

Where can I find more information about stamp duty and registration fees?

You can find more information about stamp duty and registration fees using the stamp duty and registration fee calculator.

Which office handles registrations for Ashoka Avenue(1 to 5 Cross Street)?

The Konnur Sub Registrar Office handles registrations for Ashoka Avenue(1 to 5 Cross Street), located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.