Guideline Value

Corporate

Guideline Value for Housing Board (Ashok Nagar) Block 53

₹4100/sq.ft.

The guideline value for Housing Board (ashok Nagar) Block 53 in Kodambakkam village (Ashok Nagar SRO, Chennai zone) is Rs 4100 per sq.ft, effective 1 July 2024. It was Rs 3750 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodambakkam

Village

Ashok Nagar

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹4100 /sq.ft.
From 1-4-2023 ₹3750 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2512 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3750 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹800 /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 Housing Board (ashok Nagar) Block 53

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Housing Board (Ashok Nagar) Block 53 guideline value

The current guideline value for Housing Board (Ashok Nagar) Block 53 is Rs 4,100 per sq.ft, effective from 1 July 2024. This property is located in Kodambakkam village, under the Ashok Nagar SRO, classified as Residential Class IV Type - I.

How the guideline value of Housing Board (Ashok Nagar) Block 53 has changed

Since the 2007 revision, the guideline value for Housing Board (Ashok Nagar) Block 53 has seen significant changes. In 2007, the value was Rs 800 per sq.ft. This increased to Rs 3,750 per sq.ft in 2012, marking a substantial rise of 369%. However, it then dropped to Rs 2,512 per sq.ft in 2017, a decrease of 33%. The value rose again to Rs 3,750 per sq.ft in 2023, followed by the current guideline value of Rs 4,100 per sq.ft in 2024, reflecting an increase of 9% from the previous year. The register has no figures for this street for the years 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 413%. The values for the revisions are as follows: Rs 800 per sq.ft in 2007, Rs 3,750 per sq.ft in 2012, Rs 2,512 per sq.ft in 2017, Rs 3,750 per sq.ft in 2023, and the current Rs 4,100 per sq.ft in 2024.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value is Rs 4,900 per sq.ft, making the guideline value for Housing Board (Ashok Nagar) Block 53 below the median.

Stamp duty and registration fee for property in Housing Board (Ashok Nagar) Block 53

For a 1,000 sq.ft plot at the current guideline value of Rs 4,100 per sq.ft, the total guideline value amounts to Rs 41,00,000. The stamp duty at 7% would be Rs 2,87,000, and the registration fee at 2% would be Rs 82,000, totaling Rs 3,69,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Housing Board (Ashok Nagar) Block 53?

The Housing Board (Ashok Nagar) Block 53 falls under the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kodambakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When a property is sold, the guideline value is compared to the sale price. The higher of the two values will be used to calculate the applicable stamp duty and registration fees, ensuring compliance with legal requirements during the transaction.

Frequently asked questions

What is the current guideline value for Housing Board (Ashok Nagar) Block 53?

The current guideline value for Housing Board (Ashok Nagar) Block 53 is Rs 4,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 800 per sq.ft in 2007 to Rs 4,100 per sq.ft in 2024, marking an overall increase of 413% over the years.

What is the median guideline value in Kodambakkam?

The median guideline value for properties in Kodambakkam is Rs 4,900 per sq.ft, which is higher than the current value for Housing Board (Ashok Nagar) Block 53.

What are the stamp duty and registration fees for a property in this area?

The stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total costs would amount to Rs 3,69,000.

Which office handles property registrations for Housing Board (Ashok Nagar) Block 53?

The Ashok Nagar Sub Registrar Office handles property registrations for Housing Board (Ashok Nagar) Block 53, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.