Guideline Value for ASHTALAKSHMI NAGAR EXT-3

Ashtalakshmi Nagar Ext-3 guideline value

The current guideline value of Ashtalakshmi Nagar Ext-3 is Rs 200 per sq.ft, effective from 1 July 2024. This property is located in Puliyampakkam village and falls under the Walajabad SRO. The land classification is Residential Class I Type - II.

How the guideline value of Ashtalakshmi Nagar Ext-3 has changed

The guideline value for Ashtalakshmi Nagar Ext-3 has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 200 per sq.ft. However, the 2017 revision recorded a lower value of Rs 134 per sq.ft, marking a decrease of 33% from the 2012 figure. The most recent revision in 2024 again set the value at Rs 200 per sq.ft, showing no change from the previous year, 2023.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained constant at Rs 200 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Puliyampakkam

In Puliyampakkam, there are 26 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 550 per sq.ft, with a median value of Rs 250 per sq.ft. Ashtalakshmi Nagar Ext-3's 2024 guideline value is below this median.

• Ashtalakshmi Nagar Phase-1: Rs 200 per sq.ft (2024)
• Astalakshmi Nagar: Rs 200 per sq.ft (2024)
• Astalakshmi Nagar Phase-II: Rs 200 per sq.ft (2024)
• Azhagu Nachiamman Nagar: Rs 250 per sq.ft (2024)
• A.K Nagar: Rs 200 per sq.ft (2024)
• Aishwaryam Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Ashtalakshmi Nagar Ext-3

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details on fees applicable to your property transaction.

Which Sub Registrar Office covers Ashtalakshmi Nagar Ext-3?

The Sub Registrar Office covering Ashtalakshmi Nagar Ext-3 is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Puliyampakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it influences the stamp duty and registration fees applicable during the transaction.

When a property is bought or sold, the registration office uses the guideline value to calculate the necessary fees. It is essential for both parties to be aware of the current guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Ashtalakshmi Nagar Ext-3?

The current guideline value of Ashtalakshmi Nagar Ext-3 is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2012 to 2024, with a notable decrease to Rs 134 per sq.ft in 2017. The value was Rs 200 per sq.ft in 2023 and has not changed in the 2024 revision.

What are the other streets in Puliyampakkam with their guideline values?

Other streets in Puliyampakkam include Ashtalakshmi Nagar Phase-1, Astalakshmi Nagar, Astalakshmi Nagar Phase-II, Azhagu Nachiamman Nagar, A.K Nagar, and Aishwaryam Nagar, with values ranging from Rs 200 to Rs 300 per sq.ft in 2024.

What is the registration fee for properties in Ashtalakshmi Nagar Ext-3?

The registration fee for properties is calculated based on the guideline value. For example, for a property valued at Rs 2,00,000, the registration fee would be Rs 4,000 at 2%.

Which office handles registrations for Ashtalakshmi Nagar Ext-3?

The Walajabad Sub Registrar Office is responsible for handling registrations for Ashtalakshmi Nagar Ext-3, located on Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.