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Guideline Value

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Guideline Value for ASTALAKSHMI NAGAR AVEUNE 3ST CROSS ST

₹2750/sq.ft.

The guideline value for Astalakshmi Nagar Aveune 3st 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 Aveune 3st Cross St

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Astalakshmi Nagar Aveune 3st Cross St guideline value

The current guideline value for Astalakshmi Nagar Aveune 3st 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, classified as Residential Special Type - I.

How the guideline value of Astalakshmi Nagar Aveune 3st Cross St has changed

The guideline value for Astalakshmi Nagar Aveune 3st Cross St has seen several revisions over the years. The earliest registered figure is from 2012, where it was Rs 2,500 per sq.ft. This was followed by a decrease to Rs 1,675 per sq.ft in the 2017 revision. The most recent revision in 2024 shows an increase to Rs 2,750 per sq.ft, marking a change of +64% from the 2017 figure.

From 2012 to 2017, there was a decrease of -33%. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by +10%. There are no figures available for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO that have a 2024 guideline value ranging from Rs 1,110 to Rs 8,580 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value for Astalakshmi Nagar Aveune 3st Cross St is above this median.

Stamp duty and registration fee for property in Astalakshmi Nagar Aveune 3st 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 would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, making the total fees together Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Astalakshmi Nagar Aveune 3st Cross St?

The Sub Registrar Office that covers Astalakshmi Nagar Aveune 3st 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 is a crucial factor when registering property transactions in Pallikaranai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the fair valuation of the property. It is essential for potential buyers to be aware of the guideline value to make informed decisions during the transaction process.

Frequently asked questions

What is the current guideline value for Astalakshmi Nagar Aveune 3st Cross St?

The current guideline value for Astalakshmi Nagar Aveune 3st 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 it has increased to Rs 2,750 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, and 2023 for this street.

What is the land classification for Astalakshmi Nagar Aveune 3st Cross St?

The land classification for Astalakshmi Nagar Aveune 3st Cross St is Residential Special Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% on the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 2,47,500.

Where can I find the Sub Registrar Office for Astalakshmi Nagar Aveune 3st Cross St?

The Sub Registrar Office for Astalakshmi Nagar Aveune 3st 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.