Guideline Value for Ashthalakshmi Nagar

Ashthalakshmi Nagar guideline value

The current guideline value of Ashthalakshmi Nagar is Rs 800 per sq.ft, effective from 1 July 2024. This area is located in Karanaipuducheri village under the Gooduvancheri SRO, classified as Residential Class I Type - II.

How the guideline value of Ashthalakshmi Nagar has changed

Over the years, the guideline value for Ashthalakshmi Nagar has seen several revisions. The 2007 revision set the value at Rs 200 per sq.ft, which increased significantly to Rs 800 per sq.ft in the 2012 revision. However, in the 2017 revision, the value dropped to Rs 536 per sq.ft, before rising again to Rs 800 per sq.ft in both the 2023 and 2024 revisions, showing no change from 2023 to 2024.

In summary, the changes between the revisions indicate a 300% increase from 2007 to 2012, followed by a decrease of 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023, remaining stable at Rs 800 per sq.ft through the latest revision in 2024. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,239 per sq.ft, with a median value of Rs 802 per sq.ft. The guideline value for Ashthalakshmi Nagar is below this median.

• Bagavathi Nagar: Rs 701 per sq.ft (2024)
• Aravind Annai Nagar-II: Rs 1,200 per sq.ft (2024)
• Aravind Annai Nagar: Rs 1,200 per sq.ft (2024)
• Annai Tharesa Nagar: Rs 1,200 per sq.ft (2024)
• Balaji Nagar-I & II: Rs 701 per sq.ft (2024)
• Amaravathi Avenue: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Ashthalakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ashthalakshmi Nagar?

The Sub Registrar Office that covers Ashthalakshmi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Karanaipuducheri, the guideline value is a crucial factor during the registration process. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that both parties are aware of the official valuation of the property.

The guideline value helps maintain transparency in property transactions, as it reflects the government’s assessment of property values in a specific area. Buyers and sellers should be informed about the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Ashthalakshmi Nagar?

The current guideline value of Ashthalakshmi Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent being Rs 800 per sq.ft in both 2023 and 2024, showing no change from the previous year. The value was Rs 536 per sq.ft in 2017 and Rs 800 per sq.ft in 2012.

What is the classification of land in Ashthalakshmi Nagar?

Ashthalakshmi Nagar is classified as Residential Class I Type - II, indicating its suitability for residential development.

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

The Sub Registrar Office for Ashthalakshmi Nagar is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the stamp duty calculated for property in Ashthalakshmi Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot valued at Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000, leading to a stamp duty of Rs 56,000.