Guideline Value for Ashthalakshmi Nagar

Ashthalakshmi Nagar guideline value

The current guideline value of Ashthalakshmi Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Keelakazhani village and falls under the Gooduvancheri SRO. The land classification for this locality is Residential Special Type - I.

How the guideline value of Ashthalakshmi Nagar has changed

The guideline value for Ashthalakshmi Nagar has seen several revisions over the years. In 2007, the value was Rs 225 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2012. However, from 2012 to 2017, there was a decrease to Rs 469 per sq.ft. The value then rose again to Rs 700 per sq.ft in both the 2023 and 2024 revisions, showing no change between these two years.

In summary, the guideline value increased by 49% from 2017 to 2023, and overall, from 2007 to 2024, it has increased by 211%. The register does not provide figures for the years 2002 and 2003 for this street.

Guideline values in Keelakazhani

In Keelakazhani village, there are 35 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 1,000 per sq.ft, with a median value of Rs 700 per sq.ft. The guideline value of Ashthalakshmi Nagar matches this median.

• Dalmia Nagar: Rs 600 per sq.ft (2024)
• Ganapathi Nagar: Rs 700 per sq.ft (2024)
• J S Garden: Rs 600 per sq.ft (2024)
• J.S. Garden Phase-I: Rs 896 per sq.ft (2024)
• Kuberra Nagar: Rs 700 per sq.ft (2024)
• Mahalakshmi Nagar Phase-I: Rs 700 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 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total charges to Rs 63,000. 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 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 Keelakazhani

The guideline value is a critical factor during the registration process when buying or selling property in Keelakazhani. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value helps ensure that the transaction is recorded accurately, and it is used to calculate the necessary fees. It is advisable for buyers and sellers to 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 Ashthalakshmi Nagar?

The current guideline value of Ashthalakshmi Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 225 per sq.ft in 2007 to Rs 700 per sq.ft in 2012, then decreased to Rs 469 per sq.ft in 2017, and returned to Rs 700 per sq.ft in 2023 and 2024.

What is the land classification for Ashthalakshmi Nagar?

Ashthalakshmi Nagar is classified as Residential Special Type - I.

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 properties in Ashthalakshmi Nagar?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 at a rate of 7%.