Guideline Value for ASHTABUJAM LANE

Ashtabujam Lane guideline value

The current guideline value of Ashtabujam Lane is Rs 5,500 per sq.ft, effective from 1 July 2024. This lane is located in Purasaivakkam village, under the Purasaivakkam SRO, and is classified as Residential Class III Type - I.

How the guideline value of Ashtabujam Lane has changed

The guideline value for Ashtabujam Lane has seen several revisions over the years. In 2007, the value was Rs 1,800 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012. However, there was a decrease to Rs 3,350 per sq.ft in 2017. The value then rose to Rs 5,000 per sq.ft in 2023, and currently stands at Rs 5,500 per sq.ft from the 2024 revision. The changes between these revisions include a 178% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024.

There are no figures available for the revisions in 2002 and 2003 for Ashtabujam Lane.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median value is Rs 5,500 per sq.ft, making Ashtabujam Lane's current guideline value equal to this median.

• Ashtabujam 2nd Lane: Rs 5,500 per sq.ft (2024)
• Ashtabujam Street: Rs 5,500 per sq.ft (2024)
• Ashtabujam 1st Lane: Rs 5,500 per sq.ft (2024)
• Avadhanam Pappaiyar 1st Lane: Rs 6,500 per sq.ft (2024)
• Avadhanam Pappaiyar 2nd Lane: Rs 6,500 per sq.ft (2024)
• Avadhanam Pappaiyar Street & Road: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Ashtabujam Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total fees to Rs 4,95,000. It is important to note that 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 Ashtabujam Lane?

The Sub Registrar Office that covers Ashtabujam Lane is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Purasaivakkam. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When engaging in property transactions, understanding the guideline value helps ensure compliance with local regulations and accurate financial planning. It is advisable to consult with professionals to navigate the registration process effectively.

Frequently asked questions

What is the current guideline value of Ashtabujam Lane?

The current guideline value of Ashtabujam Lane is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, reflecting various increases and decreases across the years.

What are the stamp duty and registration fees for property in Ashtabujam Lane?

For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000, and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

Which office handles registrations for Ashtabujam Lane?

The Purasaivakkam Sub Registrar Office handles registrations for Ashtabujam Lane, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification of Ashtabujam Lane?

Ashtabujam Lane is classified as Residential Class III Type - I, indicating its designation for residential use.