Guideline Value for Astalakshmi nagar

Astalakshmi nagar guideline value

The current guideline value of Astalakshmi nagar is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Poonthamallee village, under the Poonamallee SRO, and is classified as Residential Class II Type - I.

How the guideline value of Astalakshmi nagar has changed

The guideline value for Astalakshmi nagar has undergone several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a 900% rise. However, it saw a decrease of 33% to Rs 1,340 per sq.ft in 2017. The value then rose to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft from the 2024 revision, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 1000%.

Guideline values in Poonthamallee

In Poonthamallee, there are 257 streets under the Poonamallee SRO that carry a 2024 guideline value, ranging from Rs 1,980 to Rs 4,950 per sq.ft. The median value is Rs 2,200 per sq.ft, which is equal to the current guideline value for Astalakshmi nagar.

• A.S.R Rasi Garden: Rs 2,210 per sq.ft (2024)
• Ashtalakshmi nagar: Rs 2,200 per sq.ft (2024)
• Avadi road: Rs 2,740 per sq.ft (2024)
• Arunthathipalayam: Rs 2,200 per sq.ft (2024)
• Arivolli Nagar: Rs 2,200 per sq.ft (2024)
• Bajnai koil street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Astalakshmi nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Astalakshmi nagar?

The Sub Registrar Office that covers Astalakshmi nagar is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Poonthamallee. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring that the transaction is recorded accurately in the official register.

When you buy or sell property, the guideline value influences the calculation of stamp duty and registration fees, which are essential costs to consider during the transaction process. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of Astalakshmi nagar?

The current guideline value of Astalakshmi nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, showing a significant increase of 1000% over the years.

What are the stamp duty and registration fees for property in Astalakshmi nagar?

For a property valued at Rs 22,00,000, the stamp duty is Rs 1,54,000 and the registration fee is Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers Astalakshmi nagar?

The Poonamallee Sub Registrar Office covers Astalakshmi nagar, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum value for property transactions and influences the calculation of stamp duty and registration fees. It ensures that transactions are recorded accurately in the official register.