Guideline Value for Sri Ashok Nagar

Sri Ashok Nagar guideline value

The current guideline value of Sri Ashok Nagar, located in Thodukadu village under the Sriperumpudur SRO, is Rs 500 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Sri Ashok Nagar has changed

In the 2012 revision, the guideline value was set at Rs 500 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 335 per sq.ft. Following this, the 2023 revision brought the value back up to Rs 500 per sq.ft, which was maintained in the 2024 revision as well. The register has no figure for this street for the years 2002, 2003, and 2007.

From 2017 to 2023, there was an increase of 49% in the guideline value. However, when comparing the 2012 revision to the 2024 revision, there has been no overall change, as both revisions reflect a guideline value of Rs 500 per sq.ft.

Guideline values in Thodukadu

In Thodukadu, there are 24 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,250 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for Sri Ashok Nagar is above this median.

• Sri Nagar: Rs 400 per sq.ft (2024)
• Thiruvallur Main Road: Rs 500 per sq.ft (2024)
• Usha Nagar: Rs 300 per sq.ft (2024)
• Purushothaman Avenue: Rs 300 per sq.ft (2024)
• Vayalur Road: Rs 300 per sq.ft (2024)
• Pari Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ashok Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total to Rs 45,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Ashok Nagar?

The Sub Registrar Office covering Sri Ashok Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Thodukadu. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value serves as a benchmark for calculating the applicable charges. Buyers and sellers should be aware of this value to ensure compliance with registration requirements and to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Sri Ashok Nagar?

The current guideline value of Sri Ashok Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 500 per sq.ft. The value was Rs 335 per sq.ft in 2017 and Rs 500 per sq.ft in 2012.

What is the land classification for Sri Ashok Nagar?

Sri Ashok Nagar is classified as Residential Special Type - I. This classification is important for understanding the zoning and usage regulations for the area.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 5,00,000, the total fees would amount to Rs 45,000.

Where can I find the Sub Registrar Office for Sri Ashok Nagar?

The Sub Registrar Office for Sri Ashok Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. This office handles all registration activities for the area.