Guideline Value for ASTALAKSHMI NAGAR 3RD STREET

Astalakshmi Nagar 3rd Street guideline value

The current guideline value of Astalakshmi Nagar 3rd Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village under the Virugambakkam SRO and is classified as Residential Class I Type - II.

How the guideline value of Astalakshmi Nagar 3rd Street has changed

In the 2017 revision, the guideline value was Rs 2,680 per sq.ft. This increased to Rs 4,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, which is a further increase of 10% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO with 2024 guideline values ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,850 per sq.ft, placing Astalakshmi Nagar 3rd Street's 2024 value above this median.

• Astalakshmi Nagar Ivth Street: Rs 4,400 per sq.ft (2024)
• Ashtalakshmi Nagar 2nd Street: Rs 4,400 per sq.ft (2024)
• Ashtalakshmi Nagar: Rs 3,850 per sq.ft (2024)
• Azhagiri 1st Street: Rs 3,850 per sq.ft (2024)
• Azhagiri 2nd Street: Rs 3,850 per sq.ft (2024)
• Azhagiri 3rd Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Astalakshmi Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Astalakshmi Nagar 3rd Street?

The Sub Registrar Office that covers Astalakshmi Nagar 3rd Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process of properties in Valasaravakkam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property.

When a property is sold, the guideline value ensures that the transaction is recorded accurately and fairly, reflecting the official value set by the government for that area. This helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Astalakshmi Nagar 3rd Street?

The current guideline value of Astalakshmi Nagar 3rd Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,680 per sq.ft in 2017 to Rs 4,400 per sq.ft in 2024, marking a total increase of 64% over this period.

What is the land classification for Astalakshmi Nagar 3rd Street?

Astalakshmi Nagar 3rd Street is classified as Residential Class I Type - II.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles registrations for Astalakshmi Nagar 3rd Street?

The Virugambakkam Sub Registrar Office handles registrations for Astalakshmi Nagar 3rd Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.