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Guideline Value

Corporate

Guideline Value for Astalakshmi Nagar 20th Street

₹3850/sq.ft.

The guideline value for Astalakshmi Nagar 20th Street 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 ₹600 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹500 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹398 /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 20th Street

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Astalakshmi Nagar 20th Street guideline value

The current guideline value of Astalakshmi Nagar 20th 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 20th Street has changed

The guideline value for Astalakshmi Nagar 20th Street has undergone several revisions over the years. The earliest recorded figure is from 2002, with a value of Rs 398 per sq.ft. This increased to Rs 500 per sq.ft in 2003, followed by a rise to Rs 600 per sq.ft in 2007. The value then saw a significant jump to Rs 3,500 per sq.ft in 2012, but dropped to Rs 2,345 per sq.ft in 2017. The guideline value then rose to Rs 3,500 per sq.ft in 2023, and finally reached Rs 3,850 per sq.ft in 2024.

Between these revisions, the changes were as follows: from 2002 to 2003, there was an increase of 26%; from 2003 to 2007, the value rose by 20%; a substantial increase of 483% was noted from 2007 to 2012; however, there was a decrease of 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 867%.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO, with guideline values for 2024 ranging from Rs 2,200 to Rs 6,050 per sq.ft. The median value is Rs 3,050 per sq.ft, placing Astalakshmi Nagar 20th Street's 2024 figure above this median.

Stamp duty and registration fee for property in Astalakshmi Nagar 20th 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, making the total cost for these fees 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.

You can use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Astalakshmi Nagar 20th Street?

The Sub Registrar Office that covers Astalakshmi Nagar 20th Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Maduravoyal. It serves as the basis for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Astalakshmi Nagar 20th Street?

The current guideline value of Astalakshmi Nagar 20th 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 significantly from Rs 398 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of 867% over this period.

What is the land classification for Astalakshmi Nagar 20th Street?

Astalakshmi Nagar 20th Street is classified as Residential Class I Type - I, indicating its designation for residential use.

What are the stamp duty and registration fees for 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 covers this street?

The Virugambakkam Sub Registrar Office covers Astalakshmi Nagar 20th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.