Guideline Value for ASTALAKSHMI NAGAR

Astalakshmi Nagar guideline value

The current guideline value of Astalakshmi Nagar, located in Puliyampakkam village under the Walajabad SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - II land classification.

How the guideline value of Astalakshmi Nagar has changed

The guideline value for Astalakshmi Nagar has seen several revisions over the years. The most recent revision in 2024 maintains the guideline value at Rs 200 per sq.ft, which is the same as the previous year's figure from 2023. In contrast, the 2017 revision recorded a value of Rs 134 per sq.ft, indicating a significant increase of 49% from 2017 to 2023. The 2012 revision also set the value at Rs 200 per sq.ft, showing a decrease of 33% from the 2012 to 2017 period. Overall, comparing the 2012 and 2024 revisions, there has been no change, with the value remaining at Rs 200 per sq.ft.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street in the register.

Guideline values in Puliyampakkam

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

• Astalakshmi Nagar Phase-II: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total cost for these charges 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 detailed calculations.

Which Sub Registrar Office covers Astalakshmi Nagar?

The Sub Registrar Office that covers Astalakshmi Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Puliyampakkam. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring that the transaction is recorded accurately in the official records.

When you buy or sell property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of ownership. This ensures that all property transactions are conducted transparently and in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Astalakshmi Nagar?

The current guideline value of Astalakshmi Nagar 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 notable increase from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023.

What is the land classification of Astalakshmi Nagar?

Astalakshmi Nagar falls under the Residential Class I Type - II land classification.

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

For a property valued at Rs 2,00,000, the stamp duty is Rs 14,000 and the registration fee is Rs 4,000, totaling Rs 18,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Astalakshmi Nagar located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, in the Chengalpattu registration zone.