Guideline Value for Ashoka Nandavanam Phase-II

Ashoka Nandavanam Phase-II guideline value

The current guideline value of Ashoka Nandavanam Phase-II is Rs 1,000 per sq.ft. This property is located in Kolapakkam village and falls under the Gooduvancheri SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Ashoka Nandavanam Phase-II has changed

In the 2012 revision, the guideline value was set at Rs 1,000 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 670 per sq.ft, marking a decline of 33%. However, in the 2023 revision, the guideline value increased significantly to Rs 1,000 per sq.ft again, representing a rise of 49% from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained the same at Rs 1,000 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Kolapakkam

Currently, there are no specific guideline values for other streets in Kolapakkam provided. Ashoka Nandavanam Phase-II is the only street mentioned with a guideline value.

Stamp duty and registration fee for property in Ashoka Nandavanam Phase-II

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total to Rs 90,000. 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 Nandavanam Phase-II?

The Ashoka Nandavanam Phase-II property falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kolapakkam. It determines the minimum value at which properties must be registered, ensuring that transactions are conducted at a fair price as per government standards.

When registering a property, buyers must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the state receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ashoka Nandavanam Phase-II?

The current guideline value of Ashoka Nandavanam Phase-II is Rs 1,000 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value was Rs 1,000 per sq.ft in 2012, decreased to Rs 670 per sq.ft in 2017, and then returned to Rs 1,000 per sq.ft in 2023. Overall, it has remained the same from 2012 to 2023.

What are the stamp duty and registration fees for property in Ashoka Nandavanam Phase-II?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000. This is based on the current guideline value.

Which Sub Registrar Office covers Ashoka Nandavanam Phase-II?

The Gooduvancheri Sub Registrar Office covers Ashoka Nandavanam Phase-II, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Are there any other streets in Kolapakkam with guideline values?

No specific guideline values for other streets in Kolapakkam have been provided. Currently, only Ashoka Nandavanam Phase-II has a guideline value listed.