Guideline Value for ASHTALAKSHMI AVENUE PHASE IV

Ashtalakshmi Avenue Phase IV guideline value

The current guideline value of Ashtalakshmi Avenue Phase IV is Rs 4,105 per sq.ft. This property is located in Chennerkuppam village under the Kunrathur SRO, classified as Residential Special Type - II.

How the guideline value of Ashtalakshmi Avenue Phase IV has changed

The guideline value for Ashtalakshmi Avenue Phase IV has undergone several revisions over the years. The earliest recorded revision was in 2017, with a guideline value of Rs 2,500 per sq.ft. This increased to Rs 3,732 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 4,105 per sq.ft, reflecting 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 there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Chennerkuppam

In Chennerkuppam, there are 74 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 6,895 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, positioning Ashtalakshmi Avenue Phase IV above this median.

• Astalakshmi Avenue phase 1, 2, 3: Rs 1,540 per sq.ft (2024)
• Audco Nagar & phase1& phase 2: Rs 1,540 per sq.ft (2024)
• Avadi Road: Rs 4,620 per sq.ft (2024)
• Arunachalam Nagar: Rs 1,815 per sq.ft (2024)
• Ayaan City: Rs 1,430 per sq.ft (2024)
• Ayaan City Phase-2: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Ashtalakshmi Avenue Phase IV

For a 1,000 sq.ft plot at the current guideline value of Rs 4,105 per sq.ft, the total guideline value amounts to Rs 41,05,000. The stamp duty at 7% would be Rs 2,87,350, and the registration fee at 2% would be Rs 82,100, bringing the total fees to Rs 3,69,450. 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 accurate calculations based on your property transaction.

Which Sub Registrar Office covers Ashtalakshmi Avenue Phase IV?

The Sub Registrar Office that covers Ashtalakshmi Avenue Phase IV 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 Chennerkuppam

The guideline value is a crucial factor in property transactions in Chennerkuppam. It serves as the minimum value for which a property can be registered, ensuring that the transaction reflects a fair valuation as determined by the government. Buyers and sellers must consider this value when negotiating sale prices.

At the time of registration, the guideline value is used to calculate the stamp duty and registration fees. This process ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Ashtalakshmi Avenue Phase IV?

The current guideline value of Ashtalakshmi Avenue Phase IV is Rs 4,105 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 2,500 per sq.ft to Rs 4,105 per sq.ft in 2024. This represents a total increase of 64% over the seven years.

What is the registration office for Ashtalakshmi Avenue Phase IV?

The registration office for Ashtalakshmi Avenue Phase IV is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in Ashtalakshmi Avenue Phase IV?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 41,05,000, the stamp duty would be Rs 2,87,350 at 7%.

What are the other streets in Chennerkuppam?

Other streets in Chennerkuppam include Astalakshmi Avenue phase 1, 2, 3, Audco Nagar, Avadi Road, Arunachalam Nagar, Ayaan City, and Ayaan City Phase-2, with varying guideline values.