Guideline Value for Astalakshmi Nagar 12th Street

Astalakshmi Nagar 12th Street guideline value

The current guideline value of Astalakshmi Nagar 12th Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village under the Virugambakkam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Astalakshmi Nagar 12th Street has changed

The guideline value for Astalakshmi Nagar 12th Street has seen several revisions over the years. In 2002, the guideline value was Rs 398 per sq.ft, which increased to Rs 500 per sq.ft in 2003, marking a 26% rise. The value further rose to Rs 600 per sq.ft in 2007, reflecting a 20% increase. By 2012, the value reached Rs 3,500 per sq.ft, showing a significant 483% jump from the previous revision. However, this value decreased by 33% to Rs 2,345 per sq.ft in 2017. The next revision in 2023 saw the value increase to Rs 3,500 per sq.ft, followed by the current value of Rs 3,850 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 867%. It is important to note that there are no figures available for the years not listed in the register for this street.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 6,050 per sq.ft. The median guideline value for these streets is Rs 3,050 per sq.ft, making the current value of Astalakshmi Nagar 12th Street above this median.

• Astalakshmi Nagar 11th Street: Rs 3,850 per sq.ft (2024)
• Astalakshmi Nagar 13th Street: Rs 3,850 per sq.ft (2024)
• Astalakshmi Nagar 10th Street: Rs 3,850 per sq.ft (2024)
• Astalakshmi Nagar 14th Street: Rs 3,850 per sq.ft (2024)
• Astalakshmi Nagar 15th Street: Rs 3,850 per sq.ft (2024)
• Astalakshmi Nagar 16th Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Astalakshmi Nagar 12th Street

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 cost for these fees to Rs 3,46,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Astalakshmi Nagar 12th Street?

The Sub Registrar Office that covers Astalakshmi Nagar 12th Street 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 in property transactions in Maduravoyal, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that all transactions adhere to the legal requirements set by the government.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of the transaction. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Astalakshmi Nagar 12th Street?

The current guideline value of Astalakshmi Nagar 12th Street 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 398 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of 867% over the years.

What is the stamp duty rate for properties in Astalakshmi Nagar 12th Street?

The stamp duty rate for properties in Astalakshmi Nagar 12th Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located for Astalakshmi Nagar 12th Street?

The Sub Registrar Office for Astalakshmi Nagar 12th Street is 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 12th Street's value being above this median at Rs 3,850 per sq.ft.