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 village falls under the Walajabad SRO and is classified as Residential Class II Type - I.

How the guideline value of Ashtalakshmi Nagar has changed

Ashtalakshmi Nagar has seen several revisions in its guideline value over the years. The 2017 revision set the value at Rs 134 per sq.ft, which remained unchanged at Rs 200 per sq.ft in the 2023 revision. The most recent 2024 revision also maintains the guideline value at Rs 200 per sq.ft, indicating no change from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49% in the guideline value. Overall, from 2017 to 2024, the guideline value has increased by 49% as well, reflecting a stable valuation in recent years.

Guideline values in Uthukkadu - A

In Uthukkadu - A, there are 38 streets under the Walajabad SRO that have a 2024 guideline value ranging from Rs 200 to Rs 800 per sq.ft, with a median value of Rs 350 per sq.ft. Ashtalakshmi Nagar's 2024 figure is below this median.

• Abc Lands-Sugam Avenue: Rs 350 per sq.ft (2024)
• Devi Sri Ellai Amman Nagar: Rs 300 per sq.ft (2024)
• Devi Sri Ellamman Nagar: Rs 300 per sq.ft (2024)
• Doctor S Detroit City: Rs 775 per sq.ft (2024)
• Eshwaran Nagar Phase-II: Rs 350 per sq.ft (2024)
• Eswaran Nagar Phase-11: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Ashtalakshmi Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. 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 accurate calculations.

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 Uthukkadu - A

The guideline value plays a crucial role in the registration process when buying or selling property in Uthukkadu - A. It is used to determine the stamp duty and registration fees applicable to the property transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

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 much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49%, remaining stable at Rs 200 per sq.ft in both the 2023 and 2024 revisions.

What is the land classification of Ashtalakshmi Nagar?

Ashtalakshmi Nagar is classified as Residential Class II Type - I, indicating its designation for residential purposes.

Where can I find the registration office for Ashtalakshmi Nagar?

The registration office for Ashtalakshmi Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Ashtalakshmi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 at 7%.