Guideline Value for Ashokar Street

Ashokar Street guideline value

The current guideline value of Ashokar Street in Peerklankaranai village is Rs 1,650 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - II.

How the guideline value of Ashokar Street has changed

The guideline value for Ashokar Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 1,500 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a significant decrease to Rs 1,005 per sq.ft. However, from 2017 to 2023, the value increased dramatically by 49% to Rs 1,500 per sq.ft. The most recent revision in 2024 has brought the guideline value to Rs 1,650 per sq.ft, marking a 10% increase from the previous year.

It is important to note that the register has no figures for Ashokar Street in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 4,400 per sq.ft, with a median value of Rs 1,650 per sq.ft. Ashokar Street's 2024 guideline value aligns perfectly with this median.

• A.S.Rajan Nagar Extn: Rs 1,650 per sq.ft (2024)
• Arul Karunakaran Street: Rs 1,100 per sq.ft (2024)
• A.V. Gardens: Rs 2,220 per sq.ft (2024)
• Avvai St: Rs 2,200 per sq.ft (2024)
• Avvai St cross st: Rs 1,100 per sq.ft (2024)
• Avvai Street Extension: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Ashokar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ashokar Street?

The Sub Registrar Office that covers Ashokar Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration of property transactions in Peerklankaranai. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation and ensuring compliance with local regulations. It is essential for buyers and sellers to be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Ashokar Street?

The current guideline value of Ashokar Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for Ashokar Street?

Ashokar Street is classified as Residential Class I Type - II.

Where can I find the registration office for Ashokar Street?

The registration office for Ashokar Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is stamp duty calculated for property in Ashokar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000.