Guideline Value for ASTA LAKSHMI NAGAR

Asta Lakshmi Nagar guideline value

The current guideline value of Asta Lakshmi Nagar is Rs 350 per sq.ft. This area is located in Thozhuvur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this locality is Residential Class III Type - I.

How the guideline value of Asta Lakshmi Nagar has changed

The guideline value for Asta Lakshmi Nagar has undergone several revisions over the years. In the 2012 revision, the guideline value was set at Rs 350 per sq.ft. However, in the 2017 revision, it decreased to Rs 234 per sq.ft, marking a reduction of 33%. The latest revision in 2023 saw the guideline value increase to Rs 350 per sq.ft, representing a rise of 50% from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, there has been no change in the guideline value, remaining at Rs 350 per sq.ft. It is important to note that the register has no figures for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Thozhuvur

Currently, there are no specific village figures available for Thozhuvur. Asta Lakshmi Nagar is one of the streets in this locality, and there are no other streets in Thozhuvur under the Tiruvallur Joint 1 SRO listed.

Stamp duty and registration fee for property in Asta Lakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value would be Rs 3,50,000. The stamp duty at 7% would amount to Rs 24,500, and the registration fee at 2% would be Rs 7,000. Therefore, the total cost for stamp duty and registration would be Rs 31,500. 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 information.

Which Sub Registrar Office covers Asta Lakshmi Nagar?

Asta Lakshmi Nagar falls under the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Thozhuvur, as it determines the stamp duty and registration fees applicable during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements and to calculate the associated costs accurately.

When registering a property, the guideline value is used to assess the applicable duties. The authorities will charge duty based on the higher value between the guideline value and the actual sale price, which ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Asta Lakshmi Nagar?

The current guideline value of Asta Lakshmi Nagar is Rs 350 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has remained the same at Rs 350 per sq.ft in 2023. However, it decreased to Rs 234 per sq.ft in 2017, a drop of 33%, before increasing back to Rs 350 per sq.ft in 2023.

What is the land classification for Asta Lakshmi Nagar?

Asta Lakshmi Nagar is classified as Residential Class III Type - I, which indicates its suitability for residential development.

Where is the Tiruvallur Joint 1 Sub Registrar Office located?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How are stamp duty and registration fees calculated in Asta Lakshmi Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2%. For example, a 1,000 sq.ft plot at the current rate would incur a total of Rs 31,500 in fees.