Guideline Value for Asthalakshmi Nagar

Asthalakshmi Nagar guideline value

The current guideline value of Asthalakshmi Nagar is Rs 705 per sq.ft, effective from 1 July 2024. This area is located in Kuthanoor village under the Gooduvancheri SRO, classified as Residential Class II Type - II.

How the guideline value of Asthalakshmi Nagar has changed

The guideline value for Asthalakshmi Nagar has undergone several revisions over the years. In 2007, the value was Rs 110 per sq.ft, which significantly increased to Rs 700 per sq.ft in 2012, marking a rise of 536%. However, this value dropped to Rs 469 per sq.ft in 2017, a decrease of 33%. The most recent revisions show that the value increased to Rs 700 per sq.ft in 2023, followed by a slight increase to Rs 705 per sq.ft in 2024, which is a 1% rise.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 541%.

Guideline values in Kuthanoor

In Kuthanoor, there are 30 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 800 per sq.ft, placing Asthalakshmi Nagar's current value below this median.

• Aswath Nagar: Rs 805 per sq.ft (2024)
• Ashvath Nagar Extn I: Rs 800 per sq.ft (2024)
• Bharath Avenue: Rs 800 per sq.ft (2024)
• Amman Avenue: Rs 400 per sq.ft (2024)
• Ajai Square: Rs 600 per sq.ft (2024)
• Chitti Vinayagar Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Asthalakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 705 per sq.ft, the total guideline value would be Rs 7,05,000. The stamp duty at 7% would amount to Rs 49,350, and the registration fee at 2% would be Rs 14,100, bringing the total to Rs 63,450. 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 detailed calculations.

Which Sub Registrar Office covers Asthalakshmi Nagar?

The Sub Registrar Office that covers Asthalakshmi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kuthanoor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property being transacted. It is essential for buyers to be aware of this value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Asthalakshmi Nagar?

The current guideline value of Asthalakshmi Nagar is Rs 705 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 110 per sq.ft in 2007 to Rs 705 per sq.ft in 2024, reflecting an overall increase of 541% since 2007.

What is the median guideline value of streets in Kuthanoor?

The median guideline value of the 30 streets in Kuthanoor is Rs 800 per sq.ft, with Asthalakshmi Nagar's current value being below this median.

What are the stamp duty and registration fees for property in Asthalakshmi Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total costs would amount to Rs 63,450.

Where is the Sub Registrar Office for Asthalakshmi Nagar located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.