Guideline Value for Ashoka Nandavanam

Ashoka Nandavanam guideline value

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

How the guideline value of Ashoka Nandavanam has changed

Over the years, the guideline value of Ashoka Nandavanam has undergone several revisions. The 2007 revision set the guideline value at Rs 140 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in the 2012 revision, marking a substantial rise of 614%. However, in the 2017 revision, the value decreased to Rs 670 per sq.ft, reflecting a drop of 33%. The current value, as of the 2023 revision, is Rs 1,000 per sq.ft, which is a 49% increase from the 2017 figure.

From 2007 to 2023, the overall change in the guideline value is an increase of 614%. It is important to note that there are no figures available for the years 2002, 2003, and 2024 in the register for this street.

Guideline values in Kolapakkam

Currently, there are no specific guideline values provided for other streets in Kolapakkam under the Gooduvancheri SRO. Therefore, Ashoka Nandavanam stands as a key reference point for the guideline value in this area.

Stamp duty and registration fee for property in Ashoka Nandavanam

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, totaling Rs 90,000. It is essential 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 Nandavanam?

The Sub Registrar Office that covers Ashoka Nandavanam is 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 critical factor when buying or selling property in Kolapakkam. It serves as a reference for determining the stamp duty and registration fees that need to be paid during the property transaction.

When registering a property, the guideline value is used to calculate the applicable charges, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Ashoka Nandavanam?

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

How has the guideline value changed over the years?

Since the 2007 revision, the guideline value has seen significant changes, rising from Rs 140 per sq.ft to Rs 1,000 per sq.ft in 2012, then decreasing to Rs 670 per sq.ft in 2017, and returning to Rs 1,000 per sq.ft in 2023.

What is the land classification for Ashoka Nandavanam?

The land classification for Ashoka Nandavanam is Commercial Class I Type - II, indicating its suitability for commercial activities.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated in Ashoka Nandavanam?

Stamp duty in Ashoka Nandavanam is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value results in a total stamp duty and registration fee of Rs 90,000.