Guideline Value for ASHTALAKSHMI NAGAR

Ashtalakshmi Nagar guideline value

The current guideline value of Ashtalakshmi Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Uthukadu-B village and falls under the Walajabad SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Ashtalakshmi Nagar has changed

According to the guideline value register, there are no figures available for Ashtalakshmi Nagar from the revisions in 2002, 2003, 2007, 2012, and 2017. The most recent revisions show that the guideline value has remained constant at Rs 200 per sq.ft for both the 2023 and 2024 revisions, indicating no percentage change between these two years.

In summary, the guideline value for Ashtalakshmi Nagar has not changed over the last two revisions, maintaining a steady rate of Rs 200 per sq.ft since 2023. This consistency reflects the current valuation trend for this street as recorded by the Registration Department.

Guideline values in Uthukadu-B

In Uthukadu-B, there are 33 streets under the Walajabad SRO with 2024 guideline values ranging from Rs 200 to Rs 1,500 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing Ashtalakshmi Nagar's current figure below that median.

• Devi Sri Ellaiyamman Nagar: Rs 300 per sq.ft (2024)
• Dhia Nagar: Rs 600 per sq.ft (2024)
• Doctors Detroit City: Rs 775 per sq.ft (2024)
• G S Avenue: Rs 600 per sq.ft (2024)
• J.S. Nagar Phase -II: Rs 800 per sq.ft (2024)
• Kumaran Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Ashtalakshmi Nagar

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, while the registration fee at 2% would be Rs 4,000, bringing the total cost for these fees 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ashtalakshmi Nagar?

The Sub Registrar Office that covers Ashtalakshmi Nagar 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 Uthukadu-B

The guideline value is a critical factor in the registration process when buying or selling property in Uthukadu-B. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of property transfer.

Frequently asked questions

What is the current guideline value of Ashtalakshmi Nagar?

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

How has the guideline value changed over the years?

The guideline value for Ashtalakshmi Nagar has remained at Rs 200 per sq.ft since the 2023 revision, with no changes recorded in previous revisions from 2002 to 2017.

What are the stamp duty and registration fees for property in Ashtalakshmi Nagar?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000. These fees are based on the guideline value.

Which Sub Registrar Office covers Ashtalakshmi Nagar?

The Walajabad Sub Registrar Office covers Ashtalakshmi Nagar, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is the guideline value determined for properties in Uthukadu-B?

The guideline value in Uthukadu-B is determined by the Registration Department's guideline value register, which reflects the valuation of properties based on various factors including land classification and recent revisions.