Guideline Value for ASTALAKSHMI NAGAR PHASE-II

Astalakshmi Nagar Phase-II guideline value

The current guideline value of Astalakshmi Nagar Phase-II is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Puliyampakkam village, under the Walajabad Sub Registrar Office (SRO). The land classification for this property is Residential Class I Type - II.

How the guideline value of Astalakshmi Nagar Phase-II has changed

Since the 2012 revision, the guideline value has seen various changes. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2023 revision, where it was again Rs 200 per sq.ft. The 2017 revision recorded a decrease to Rs 134 per sq.ft, marking a -33% change from the previous figure. The 2023 to 2024 revision shows no change, maintaining the value at Rs 200 per sq.ft.

From 2017 to 2023, there was a significant increase of +49%, bringing the value back to Rs 200 per sq.ft. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 200 per sq.ft. The revisions for the years 2002, 2003, and 2007 have no figures recorded for this street.

Guideline values in Puliyampakkam

In Puliyampakkam, there are 26 streets under the Walajabad SRO that have a 2024 guideline value ranging from Rs 150 to Rs 550 per sq.ft. The median value for these streets is Rs 250 per sq.ft, indicating that the guideline value of Astalakshmi Nagar Phase-II is below this median.

• Astalakshmi Nagar: Rs 200 per sq.ft (2024)
• Ashtalakshmi Nagar Phase-1: Rs 200 per sq.ft (2024)
• Ashtalakshmi Nagar Ext-3: Rs 200 per sq.ft (2024)
• Azhagu Nachiamman Nagar: Rs 250 per sq.ft (2024)
• A.K Nagar: Rs 200 per sq.ft (2024)
• Aishwaryam Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Astalakshmi Nagar Phase-II

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Astalakshmi Nagar Phase-II?

The Sub Registrar Office that covers Astalakshmi Nagar Phase-II is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Puliyampakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value influences the stamp duty and registration fees payable. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher, impacting the overall expenses involved in property transactions.

Frequently asked questions

What is the current guideline value of Astalakshmi Nagar Phase-II?

The current guideline value of Astalakshmi Nagar Phase-II is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2012 to 2024, with a decrease to Rs 134 per sq.ft in 2017, followed by an increase back to Rs 200 per sq.ft in 2023.

What are the stamp duty and registration fees for property in Astalakshmi Nagar Phase-II?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, making a total of Rs 18,000.

Which office handles the registration for Astalakshmi Nagar Phase-II?

The Walajabad Sub Registrar Office handles the registration for Astalakshmi Nagar Phase-II, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum registration value of a property, which in turn affects the stamp duty and registration fees payable during a property transaction.