Guideline Value for ASTALAKSHMI GARDEN

Astalakshmi Garden guideline value

The current guideline value of Astalakshmi Garden is Rs 8,250 per sq.ft, effective from 1 July 2024. This area is located in Thiruvanmiyur village, under the Chennai South Joint I SRO, and is classified as Residential Class II Type - I.

How the guideline value of Astalakshmi Garden has changed

The guideline value for Astalakshmi Garden has seen several revisions over the years. In 2002, the value was Rs 948 per sq.ft, which increased to Rs 1,049 per sq.ft in 2003, marking an increase of 11%. Following this, the value rose to Rs 1,300 per sq.ft in 2007, a significant jump of 24%. The next revision in 2012 saw a decrease to Rs 7,500 per sq.ft, a decline of 33%. However, in 2017, the value rebounded to Rs 5,025 per sq.ft, which was a 49% increase. The most recent revisions occurred in 2023 and 2024, with the value rising from Rs 7,500 per sq.ft to Rs 8,250 per sq.ft, reflecting a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 770%. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 3,520 to Rs 12,660 per sq.ft. The median value for these streets is Rs 9,900 per sq.ft, placing Astalakshmi Garden's 2024 figure below the median.

• Astalakshmi Kovil Street: Rs 7,150 per sq.ft (2024)
• Astalakshmi Avenue: Rs 8,250 per sq.ft (2024)
• Avvai Nagar: Rs 7,150 per sq.ft (2024)
• Avvai Nagar Main Road: Rs 7,150 per sq.ft (2024)
• Avvai Nagar (Pandian Street): Rs 7,150 per sq.ft (2024)
• Arundale 3rd Street: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Astalakshmi Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 8,250 per sq.ft, the total guideline value would be Rs 82,50,000. The stamp duty, charged at 7%, would amount to Rs 5,77,500, while the registration fee at 2% would be Rs 1,65,000. Therefore, the total cost for stamp duty and registration would be Rs 7,42,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Astalakshmi Garden?

The Sub Registrar Office that covers Astalakshmi Garden 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 information.

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

The guideline value plays a crucial role during the registration of property transactions in Thiruvanmiyur. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. The registration office uses this value to ensure that the correct fees are collected based on the property's assessed worth.

When a buyer or seller approaches the registration office, the guideline value helps in calculating the total costs involved in the transaction. This ensures transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Astalakshmi Garden?

The current guideline value of Astalakshmi Garden is Rs 8,250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 948 per sq.ft in 2002 to Rs 8,250 per sq.ft in 2024, representing an overall increase of 770% over the years.

What are the stamp duty and registration fees for properties in Astalakshmi Garden?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would amount to Rs 7,42,500.

Which Sub Registrar Office covers Astalakshmi Garden?

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

What is the land classification for Astalakshmi Garden?

Astalakshmi Garden is classified as Residential Class II Type - I, indicating its designation for residential purposes within the area.