Guideline Value for ASTALAKSHMI NAGAR

Astalakshmi Nagar guideline value

The current guideline value of Astalakshmi Nagar, located in Goodaloor village under the Chengleput Joint II SRO, is Rs 825 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Astalakshmi Nagar has changed

The guideline value for Astalakshmi Nagar has seen several revisions over the years. In 2012, the guideline value was set at Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 87%, raising the value to Rs 750 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 825 per sq.ft, marking a 10% rise from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 38%.

Guideline values in Goodaloor

In Goodaloor village, there are 53 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 385 to Rs 2,510 per sq.ft. The median guideline value in this area is Rs 660 per sq.ft, making the current figure for Astalakshmi Nagar above that median.

• Balaji Avenue (Ward -9): Rs 825 per sq.ft (2024)
• Agraharam (Ward -9): Rs 550 per sq.ft (2024)
• Chinna Vattamman Kovil Street (Kod): Rs 550 per sq.ft (2024)
• Cmda -Gudaloor Scheme Block No.8: Rs 825 per sq.ft (2024)
• Coodalur Village Colony (Ward -9): Rs 385 per sq.ft (2024)
• Coodalur Village (Ward -9): Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Astalakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value amounts to Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, bringing the total cost for these fees to Rs 74,250. 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 further calculations.

Which Sub Registrar Office covers Astalakshmi Nagar?

The Sub Registrar Office that covers Astalakshmi Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Goodaloor. It is used to determine the stamp duty and registration fees that are applicable during the transaction, ensuring that the government receives the appropriate taxes based on the property's value.

When a property is sold, the guideline value helps to establish a baseline for the sale price, ensuring that all transactions are recorded accurately and fairly. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Astalakshmi Nagar?

The current guideline value of Astalakshmi Nagar is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 825 per sq.ft in 2024, with notable increases in 2023 and 2024.

What are the other streets in Goodaloor with their guideline values?

Other streets in Goodaloor include Balaji Avenue and Cmda -Gudaloor Scheme Block No.8, both at Rs 825 per sq.ft, while Agraharam and Chinna Vattamman Kovil Street are at Rs 550 per sq.ft.

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

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a property valued at Rs 8,25,000, the total fees would amount to Rs 74,250.

Where can I find the Sub Registrar Office for Astalakshmi Nagar?

The Chengleput Joint II Sub Registrar Office covers Astalakshmi Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.