Guideline Value for Ask Enclave

Ask Enclave guideline value

The current guideline value of Ask Enclave, located in Kavanur village under the Gooduvancheri SRO, is Rs 600 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Ask Enclave has changed

Over the years, the guideline value of Ask Enclave has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 600 per sq.ft. The 2017 revision marked a significant increase to Rs 402 per sq.ft, reflecting a 49% rise from the previous figure. It is important to note that the register has no figure for the years 2002, 2003, and 2007.

From 2012 to 2024, the overall guideline value has remained stable at Rs 600 per sq.ft, indicating no change over this period. The changes from 2012 to 2017 saw a decrease of 33%, but the value has since stabilized at Rs 600 per sq.ft in the subsequent revisions.

Guideline values in Kavanur

Kavanur village has a total of 109 streets under the Gooduvancheri SRO that carry a 2024 guideline value, ranging from Rs 500 to Rs 2,239 per sq.ft. The median guideline value for these streets is Rs 800 per sq.ft, placing the Ask Enclave guideline value below this median.

• Ask Enclave Phase -I: Rs 800 per sq.ft (2024)
• Ashthalakshmi Nagar: Rs 800 per sq.ft (2024)
• A.L.N. Layout: Rs 600 per sq.ft (2024)
• BSNL Avenue: Rs 600 per sq.ft (2024)
• CEE.PAA.Athithanar Nagar: Rs 600 per sq.ft (2024)
• Agastheeswarar Nagar: Rs 804 per sq.ft (2024)

Stamp duty and registration fee for property in Ask Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total to Rs 54,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Ask Enclave?

The Ask Enclave area falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kavanur. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is considered to ensure that the transaction reflects the appropriate value for tax purposes. This helps maintain transparency in property transactions and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ask Enclave?

The current guideline value of Ask Enclave is Rs 600 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft since 2012, with a notable increase from Rs 402 per sq.ft in 2017. The values for the years 2002, 2003, and 2007 are not available in the register.

What is the median guideline value in Kavanur?

The median guideline value for streets in Kavanur is Rs 800 per sq.ft, while Ask Enclave's guideline value is below this median at Rs 600 per sq.ft.

What are the stamp duty and registration fees for property in Ask Enclave?

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000. This is based on the current guideline value.

Which office handles registrations for Ask Enclave?

The Gooduvancheri Sub Registrar Office handles registrations for Ask Enclave, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202.