Guideline Value for ASTALAKSHMI NAGAR AVENUE 1ST CROSS ST

Astalakshmi Nagar Avenue 1st Cross St guideline value

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

How the guideline value of Astalakshmi Nagar Avenue 1st Cross St has changed

The guideline value for Astalakshmi Nagar Avenue 1st Cross St has seen several revisions over the years. In 2012, the guideline value was Rs 2,500 per sq.ft, which decreased to Rs 1,675 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2024, the value increased significantly to Rs 2,750 per sq.ft, representing a rise of 64%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

The register does not provide figures for the years 2023, 2007, 2003, and 2002 for this street. Therefore, the only available revisions are from 2012, 2017, and the current 2024 value.

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 value for these streets is Rs 1,650 per sq.ft, making the guideline value for Astalakshmi Nagar Avenue 1st Cross St above that median.

• Astalakshmi Nagar Avenue: Rs 2,750 per sq.ft (2024)
• Astalakshmi Nagar Avenue 2st Cross St: Rs 2,750 per sq.ft (2024)
• Astalakshmi Nagar Aveune 3st Cross St: Rs 2,750 per sq.ft (2024)
• Athimoolam Nagar: Rs 1,650 per sq.ft (2024)
• Athipoorishwarar Koil Street: Rs 1,650 per sq.ft (2024)
• Astalakshmi Avenue 3rd Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Astalakshmi Nagar Avenue 1st Cross St

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

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Astalakshmi Nagar Avenue 1st Cross St?

The Sub Registrar Office that covers Astalakshmi Nagar Avenue 1st Cross St 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 Pallikaranai

The guideline value plays a crucial role in the registration process of property transactions in Pallikaranai. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official value set by the government.

When buying or selling property, it is essential to consider the guideline value as it impacts the overall expenses involved in the transaction. Buyers should be aware that the stamp duty and registration fees will be calculated on the higher of the guideline value or the sale price, which can significantly affect the total cost of purchasing a property.

Frequently asked questions

What is the current guideline value of Astalakshmi Nagar Avenue 1st Cross St?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, and then increased to Rs 2,750 per sq.ft in 2024. This reflects a decrease of 33% from 2012 to 2017, followed by a 64% increase from 2017 to 2024.

What are the stamp duty and registration fees for property in Astalakshmi Nagar Avenue 1st Cross St?

For a plot size of 1,000 sq.ft at the current guideline value, the total guideline value is Rs 27,50,000. The stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which office handles registrations for Astalakshmi Nagar Avenue 1st Cross St?

The Chennai South Joint I Sub Registrar Office handles registrations for Astalakshmi Nagar Avenue 1st Cross St. The office is 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 Nagar Avenue 1st Cross St?

The land classification for Astalakshmi Nagar Avenue 1st Cross St is Residential Special Type - I.