Guideline Value for Ashtalakshmi Nagar Phase-1

Ashtalakshmi Nagar Phase-1 guideline value

The current guideline value for Ashtalakshmi Nagar Phase-1 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) and falls under the Residential Class I Type - II land classification.

How the guideline value of Ashtalakshmi Nagar Phase-1 has changed

Over the years, the guideline value of Ashtalakshmi Nagar Phase-1 has seen several revisions. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 134 per sq.ft. Following that, the 2023 revision brought it back to Rs 200 per sq.ft, and the current 2024 revision has maintained this value, showing no change from the previous year. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. Overall, comparing the 2012 revision to the current 2024 revision, there has been no change in the guideline value.

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. The median guideline value for these streets is Rs 250 per sq.ft, placing Ashtalakshmi Nagar Phase-1's current value below this median.

• Ashtalakshmi Nagar Ext-3: Rs 200 per sq.ft (2024)
• Astalakshmi Nagar: Rs 200 per sq.ft (2024)
• Astalakshmi Nagar Phase-II: 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 Ashtalakshmi Nagar Phase-1

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, while the registration fee at 2% would be Rs 4,000, bringing the total cost to Rs 18,000. It is important to note that stamp 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 Ashtalakshmi Nagar Phase-1?

The Sub Registrar Office that covers Ashtalakshmi Nagar Phase-1 is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Puliyampakkam. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as per government regulations.

When you register a property, the guideline value helps determine the minimum sale price for the transaction. This ensures that all parties involved in the sale are aware of the legal value assigned to the property, which must be adhered to during the registration process.

Frequently asked questions

What is the current guideline value of Ashtalakshmi Nagar Phase-1?

The current guideline value of Ashtalakshmi Nagar Phase-1 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 since 2012, with a drop to Rs 134 per sq.ft in 2017, followed by a return to Rs 200 per sq.ft in 2023 and 2024. There are no figures available for the revisions in 2002, 2003, and 2007.

What are the stamp duty and registration fees for property in Ashtalakshmi Nagar Phase-1?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value amounts to Rs 2,00,000. The stamp duty is Rs 14,000, and the registration fee is Rs 4,000, totaling Rs 18,000.

Which Sub Registrar Office covers Ashtalakshmi Nagar Phase-1?

The Walajabad Sub Registrar Office covers Ashtalakshmi Nagar Phase-1, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees when buying or selling property. It serves as a legal benchmark for the minimum sale price that must be adhered to during the registration process.