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Guideline Value

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Guideline Value for ASTALAKSHMI NAGAR AVENUE 2ST CROSS ST

₹2750/sq.ft.

The guideline value for Astalakshmi Nagar Avenue 2st Cross St 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 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
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 Nagar Avenue 2st Cross St

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Astalakshmi Nagar Avenue 2st Cross St guideline value

The current guideline value of Astalakshmi Nagar Avenue 2st 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 2st Cross St has changed

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

Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%. It is important to note that there are no figures available for the revisions in 2023, 2007, 2003, and 2002 for this street.

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO that carry 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 of Astalakshmi Nagar Avenue 2st Cross St above the median.

Stamp duty and registration fee for property in Astalakshmi Nagar Avenue 2st 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 is charged at 7%, which totals Rs 1,92,500, and the registration fee is 2%, amounting to Rs 55,000. Together, the total cost for these fees would be 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Astalakshmi Nagar Avenue 2st Cross St?

The Sub Registrar Office that covers Astalakshmi Nagar Avenue 2st Cross St is the Chennai South Joint I Sub Registrar Office. The address is 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 is a crucial factor when buying or selling property in Pallikaranai, as it determines the minimum value at which a property can be registered. This value is used to calculate stamp duty and registration fees, which are mandatory costs associated with property transactions.

When a property is sold, the guideline value serves as a reference point for both buyers and sellers. It ensures that the transaction is recorded at a value that reflects the official assessment of the property's worth, thus facilitating a transparent and standardized process.

Frequently asked questions

What is the current guideline value of Astalakshmi Nagar Avenue 2st Cross St?

The current guideline value of Astalakshmi Nagar Avenue 2st 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.

What is the land classification for Astalakshmi Nagar Avenue 2st Cross St?

The land classification for Astalakshmi Nagar Avenue 2st Cross St is Residential Special Type - I.

What other streets have the same guideline value in Pallikaranai?

Other streets in Pallikaranai that share the same guideline value of Rs 2,750 per sq.ft include Astalakshmi Nagar Avenue 1st Cross St, Astalakshmi Nagar Avenue 3st Cross St, and Astalakshmi Avenue 3rd Street.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Astalakshmi Nagar Avenue 2st Cross St is located at the Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.