Guideline Value for Sri Ashok Avenue

Sri Ashok Avenue guideline value

The current guideline value of Sri Ashok Avenue is Rs 1,870 per sq.ft, effective from 1 July 2024. This street is located in Mangadu -A village, under the Kunrathur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Sri Ashok Avenue has changed

The guideline value for Sri Ashok Avenue has seen significant changes over the years. In the 2017 revision, the value was Rs 1,139 per sq.ft. This increased to Rs 1,700 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 set the value at Rs 1,870 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value is Rs 1,870 per sq.ft, which is equal to the 2024 figure for Sri Ashok Avenue.

• Sri Amman Nagar: Rs 1,540 per sq.ft (2024)
• Sri Ambal Venkateswara Avenue: Rs 2,200 per sq.ft (2024)
• Sri Ambal Nagar Venkateswara Avenue: Rs 2,200 per sq.ft (2024)
• Sri Ambal Nagar Manali Ramakrishna Avenue Phase II: Rs 2,200 per sq.ft (2024)
• Sri Ambal Nagar Manali Ramakrishna Avenue: Rs 2,200 per sq.ft (2024)
• Sri Ambal Nagar Extension I to VIII: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ashok Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value amounts to Rs 18,70,000. The stamp duty at 7% would be Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, making the total fees together Rs 1,68,300. It is important 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 detailed calculations.

Which Sub Registrar Office covers Sri Ashok Avenue?

The Sub Registrar Office that covers Sri Ashok Avenue is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value is a crucial factor during property registration in Mangadu -A. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring transparency in real estate transactions.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of Sri Ashok Avenue?

The current guideline value of Sri Ashok Avenue is Rs 1,870 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,139 per sq.ft in 2017 to Rs 1,870 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the land classification for Sri Ashok Avenue?

Sri Ashok Avenue falls under the land classification of Residential Class I Type - I.

What are the stamp duty and registration fees for a property in Sri Ashok Avenue?

For a property valued at Rs 18,70,000, the stamp duty would be Rs 1,30,900 and the registration fee would be Rs 37,400, totaling Rs 1,68,300.

Which office handles the registration for Sri Ashok Avenue?

The Kunrathur Sub Registrar Office handles the registration for Sri Ashok Avenue, located at No.59, Road Street, Kundrathur, Chennai -600 069.