Guideline Value

Corporate

Guideline Value for ASTALAKSHMI NAGAR AVENUE

₹2750/sq.ft.

The guideline value for Astalakshmi Nagar 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 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

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Astalakshmi Nagar Avenue guideline value

The current guideline value of Astalakshmi Nagar Avenue is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village, under the Chennai South Joint I SRO, and is classified as Residential Special Type - I.

How the guideline value of Astalakshmi Nagar Avenue has changed

The guideline value for Astalakshmi Nagar Avenue has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,750 per sq.ft, an increase from Rs 2,500 per sq.ft in the 2012 revision, marking a change of +10%. The register does not contain figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

In summary, the guideline value has increased from Rs 2,500 per sq.ft in 2012 to Rs 2,750 per sq.ft in 2024. This indicates a consistent upward adjustment in the value over the years, with the most significant change occurring between the 2012 and 2024 revisions.

Guideline values in Pallikaranai

Pallikaranai village has a total of 749 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value in this area is Rs 1,650 per sq.ft, making the 2024 figure for Astalakshmi Nagar Avenue above that median.

Stamp duty and registration fee for property in Astalakshmi Nagar Avenue

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, bringing the total fees together to Rs 2,47,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Astalakshmi Nagar Avenue?

The Sub Registrar Office that covers Astalakshmi Nagar 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 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 official value for registration purposes. This value is used to calculate stamp duty and registration fees, which are mandatory for property transactions.

When you register a property, the guideline value ensures that the transaction is recorded at a fair and standardized rate. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements and avoid any legal complications.

Frequently asked questions

What is the current guideline value of Astalakshmi Nagar Avenue?

The current guideline value of Astalakshmi Nagar Avenue 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 2,750 per sq.ft in 2024, reflecting a +10% increase. The register does not have figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the median guideline value in Pallikaranai?

The median guideline value in Pallikaranai is Rs 1,650 per sq.ft. Astalakshmi Nagar Avenue's current guideline value is above this median.

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

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

Where is the Sub Registrar Office for Astalakshmi Nagar Avenue located?

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