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Guideline Value

Corporate

Guideline Value for Ashoka Colony (1st Avenue)

₹11000/sq.ft.

The guideline value for Ashoka Colony (1st Avenue) in Kodambakkam village (Ashok Nagar SRO, Chennai zone) is Rs 11000 per sq.ft, effective 1 July 2024. It was Rs 10000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodambakkam

Village

Ashok Nagar

SRO

Commercial Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹11000 /sq.ft.
From 1-4-2023 ₹10000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹6700 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹10000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹4220 /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)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561082
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Colony (1st Avenue)

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Ashoka Colony (1st Avenue) guideline value

The current guideline value of Ashoka Colony (1st Avenue) is Rs 11,000 per sq.ft, effective from 1 July 2024. This area is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this street is Commercial Special Type - I.

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

The guideline value for Ashoka Colony (1st Avenue) has seen several revisions over the years. In 2007, the value was Rs 4,220 per sq.ft, which increased significantly to Rs 10,000 per sq.ft in 2012, marking a 137% rise. However, the value decreased to Rs 6,700 per sq.ft in 2017, a drop of 33%. By 2023, the value was Rs 10,000 per sq.ft, and the latest revision in 2024 increased it to Rs 11,000 per sq.ft, reflecting a 10% increase.

Overall, from 2007 to 2024, the guideline value has increased by 161%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO carrying a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft, with a median of Rs 4,900 per sq.ft. Ashoka Colony (1st Avenue) is above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value amounts to Rs 1,10,00,000. The stamp duty at 7% would be Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, bringing the total cost to Rs 9,90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers Ashoka Colony (1st Avenue) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay during the registration of property sales.

When buying or selling property, the guideline value ensures that the transaction is documented at a value recognized by the government, which helps in maintaining transparency and accountability in real estate dealings.

Frequently asked questions

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

The current guideline value of Ashoka Colony (1st Avenue) is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,220 per sq.ft in 2007 to Rs 11,000 per sq.ft in 2024, showing an overall increase of 161% over this period.

What is the land classification for Ashoka Colony (1st Avenue)?

The land classification for Ashoka Colony (1st Avenue) is Commercial Special Type - I.

Where can I find the Sub Registrar Office for Ashoka Colony (1st Avenue)?

The Sub Registrar Office for Ashoka Colony (1st Avenue) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How do I calculate stamp duty and registration fees for property in Ashoka Colony (1st Avenue)?

To calculate the stamp duty and registration fees, you can use the guideline value of the property. For example, for a 1,000 sq.ft plot at Rs 11,000 per sq.ft, the total guideline value is Rs 1,10,00,000, with stamp duty and registration fees calculated based on this value.