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Guideline Value

Corporate

Guideline Value for Astalakshmi Nagar 1st Main Road

₹3850/sq.ft.

The guideline value for Astalakshmi Nagar 1st Main Road in Maduravoyal village (Virugambakkam SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Maduravoyal

Village

Virugambakkam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹650 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹425 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Astalakshmi Nagar 1st Main Road

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Astalakshmi Nagar 1st Main Road guideline value

The current guideline value of Astalakshmi Nagar 1st Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village under the Virugambakkam SRO, classified as Residential Class I Type - I.

How the guideline value of Astalakshmi Nagar 1st Main Road has changed

The guideline value for Astalakshmi Nagar 1st Main Road has seen several revisions over the years. In 2002, the guideline value was Rs 425 per sq.ft, which increased to Rs 650 per sq.ft in 2003, marking a change of +53%. The value then rose significantly to Rs 1,100 per sq.ft in 2007, a change of +69%. Following this, the value jumped to Rs 3,500 per sq.ft in 2012, reflecting an increase of +218%. However, it decreased to Rs 2,345 per sq.ft in 2017, a drop of -33%. The value then increased to Rs 3,500 per sq.ft in 2023, followed by a rise to the current value of Rs 3,850 per sq.ft in 2024, which is an increase of +10%.

There are no figures available for the years not mentioned in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by +806%.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,050 per sq.ft, with a median value of Rs 3,050 per sq.ft. The guideline value for Astalakshmi Nagar 1st Main Road is above this median.

Stamp duty and registration fee for property in Astalakshmi Nagar 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, making the total fees together Rs 3,46,500. Please 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 information.

Which Sub Registrar Office covers Astalakshmi Nagar 1st Main Road?

The Sub Registrar Office that covers Astalakshmi Nagar 1st Main Road is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Maduravoyal. It serves as a benchmark to determine the stamp duty and registration fees that need to be paid during the property transfer process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value as per the government regulations. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Astalakshmi Nagar 1st Main Road?

The current guideline value of Astalakshmi Nagar 1st Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 425 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, representing an overall increase of +806% over the years.

What are the stamp duty and registration fees for property in Astalakshmi Nagar 1st Main Road?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 3,46,500.

Which office handles property registrations for Astalakshmi Nagar 1st Main Road?

The Virugambakkam Sub Registrar Office handles property registrations for Astalakshmi Nagar 1st Main Road, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for Astalakshmi Nagar 1st Main Road?

The land classification for Astalakshmi Nagar 1st Main Road is Residential Class I Type - I.