Guideline Value for ASTA LAKSHMI NAGAR

Asta Lakshmi Nagar guideline value

The current guideline value of Asta Lakshmi Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Venmanamputhur village under the Tiruvallur Joint 1 SRO, classified as Residential Class II Type - II.

How the guideline value of Asta Lakshmi Nagar has changed

The guideline value for Asta Lakshmi Nagar has seen several revisions over the years. In 2012, the guideline value was Rs 200 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 134 per sq.ft. The value then increased significantly by 49% to Rs 200 per sq.ft in the 2023 revision, and it has remained the same in the 2024 revision, showing no change from the previous year.

Revisions prior to 2012, specifically in 2002, 2003, and 2007, do not have any figures recorded for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 200 per sq.ft.

Guideline values in Venmanamputhur

In Venmanamputhur, there are 54 streets under the Tiruvallur Joint 1 SRO, with guideline values ranging from Rs 200 to Rs 400 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, making Asta Lakshmi Nagar's 2024 figure equal to that median.

• Arumuga Nagar / Annex: Rs 200 per sq.ft (2024)
• Annai Nagar: Rs 200 per sq.ft (2024)
• Bathel Nagar: Rs 200 per sq.ft (2024)
• Aathi Lakshmi Nagar: Rs 200 per sq.ft (2024)
• Chelliyamman Nagar & Annex: Rs 200 per sq.ft (2024)
• Danraj Nagar(S.No.-273.274/1.2): Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Asta Lakshmi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, 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 the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Asta Lakshmi Nagar?

The Sub Registrar Office that covers Asta Lakshmi Nagar is 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 information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Venmanamputhur. It is used to determine the stamp duty and registration fees that need to be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

When a buyer registers a property, the guideline value ensures that the transaction is documented at a value recognized by the government, which helps in maintaining transparency and accountability in 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 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 drop to Rs 134 per sq.ft in 2017 and an increase back to Rs 200 per sq.ft in 2023.

What is the land classification of Asta Lakshmi Nagar?

Asta Lakshmi Nagar is classified as Residential Class II Type - II, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property in Asta Lakshmi 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.

Which office handles the registration for Asta Lakshmi Nagar?

The Tiruvallur Joint 1 Sub Registrar Office handles the registration for Asta Lakshmi Nagar, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.