Guideline Value

Corporate

Guideline Value for ASTALAKSHMI AVENUE

₹2750/sq.ft.

The guideline value for Astalakshmi Avenue in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallikaranai

Village

Chennai South Joint I

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹170 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹144 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Astalakshmi Avenue

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Astalakshmi Avenue guideline value

The current guideline value of Astalakshmi Avenue in Pallikaranai village, under the Chennai South Joint I SRO, is Rs 2,750 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Astalakshmi Avenue has changed

The guideline value of Astalakshmi Avenue has seen significant changes over the years. In 2002, the value was Rs 144 per sq.ft, which increased to Rs 170 per sq.ft in 2003, marking an 18% rise. By 2007, the value surged to Rs 400 per sq.ft, reflecting a 135% increase from the previous revision. The 2012 revision set the guideline value at Rs 2,500 per sq.ft, a substantial 525% increase from 2007. The most recent revision in 2024 raised the value to Rs 2,750 per sq.ft, a 10% increase from 2012.

It is important to note that there are no figures available for the years 2017 and 2023 for this street.

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, indicating that Astalakshmi Avenue's 2024 figure is above this median.

Stamp duty and registration fee for property in Astalakshmi Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000. Together, the total cost for stamp duty and registration fee would be Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Astalakshmi Avenue?

The Sub Registrar Office that covers Astalakshmi Avenue is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process for property transactions in Pallikaranai. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. This ensures that all parties involved are informed about the financial obligations associated with property registration.

Frequently asked questions

What is the current guideline value of Astalakshmi Avenue?

The current guideline value of Astalakshmi Avenue is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 144 per sq.ft to Rs 2,750 per sq.ft in 2024, resulting in an overall increase of 1,810%.

What are the stamp duty and registration fees for property in Astalakshmi Avenue?

For a 1,000 sq.ft plot, the total guideline value is Rs 27,50,000, leading to a stamp duty of Rs 1,92,500 and a registration fee of Rs 55,000, totaling Rs 2,47,500.

Which Sub Registrar Office covers Astalakshmi Avenue?

The Chennai South Joint I Sub Registrar Office covers Astalakshmi Avenue, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

Are there other streets in Pallikaranai with the same guideline value?

Yes, there are several other streets in Pallikaranai with a guideline value of Rs 2,750 per sq.ft in 2024, including Astalakshmi Avenue 1st Main Road and Astalakshmi Nagar Avenue.