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Guideline Value

Corporate

Guideline Value for Astalakshmi Nagar 3rd Main Road

₹3850/sq.ft.

The guideline value for Astalakshmi Nagar 3rd 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 3rd Main Road

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Astalakshmi Nagar 3rd Main Road guideline value

The current guideline value of Astalakshmi Nagar 3rd Main Road is Rs 3,850 per sq.ft, effective from 1 July 2024. This road is located in Maduravoyal village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Astalakshmi Nagar 3rd Main Road has changed

The guideline value for Astalakshmi Nagar 3rd Main Road has seen several revisions over the years. The earliest recorded value is from 2002, when it was Rs 425 per sq.ft. This value increased to Rs 650 per sq.ft in 2003, marking a rise of 53%. By 2007, the value jumped significantly to Rs 1,100 per sq.ft, an increase of 69%. The 2012 revision saw the value remain at Rs 3,500 per sq.ft, but this was a decrease of 33% from the previous figure. In 2017, the value rose again to Rs 2,345 per sq.ft, which was a 49% increase. The 2023 revision set the value at Rs 3,500 per sq.ft, and the latest revision in 2024 raised it to Rs 3,850 per sq.ft, reflecting a 10% increase.

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

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. The median value for these streets is Rs 3,050 per sq.ft, indicating that the guideline value for Astalakshmi Nagar 3rd Main Road is above this median.

Stamp duty and registration fee for property in Astalakshmi Nagar 3rd 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, bringing the total charges to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Astalakshmi Nagar 3rd Main Road?

The Sub Registrar Office that covers Astalakshmi Nagar 3rd 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 during the registration of properties in Maduravoyal. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, the guideline value helps in determining the minimum value on which the stamp duty is calculated. This ensures that both buyers and sellers are aware of the official value assigned to the property, which is essential for the registration process.

Frequently asked questions

What is the current guideline value of Astalakshmi Nagar 3rd Main Road?

The current guideline value of Astalakshmi Nagar 3rd 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 increased from Rs 425 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of 806% over the years.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500 and the registration fee would be Rs 77,000, totaling Rs 3,46,500.

Which Sub Registrar Office handles registrations for Astalakshmi Nagar 3rd Main Road?

The Virugambakkam Sub Registrar Office handles registrations for Astalakshmi Nagar 3rd Main Road, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the median guideline value for streets in Maduravoyal?

The median guideline value for streets in Maduravoyal is Rs 3,050 per sq.ft, with Astalakshmi Nagar 3rd Main Road's value being above this median at Rs 3,850 per sq.ft.