Guideline Value for Astro Gardens

Astro Gardens guideline value

The current guideline value of Astro Gardens in Salamangalam village is Rs 400 per sq.ft, effective from 1 July 2024. This property falls under the Sriperumpudur SRO and is classified as Residential Class I Type - I.

How the guideline value of Astro Gardens has changed

In the 2012 revision, the guideline value was set at Rs 400 per sq.ft. However, in the 2017 revision, it decreased to Rs 268 per sq.ft, marking a decline of 33%. This was followed by a significant increase in the 2023 revision, where the guideline value returned to Rs 400 per sq.ft, representing a 49% increase from the 2017 figure. The current 2024 revision maintains this value at Rs 400 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the revisions from 2002, 2003, and 2007 for this street. Overall, from the 2012 to the 2024 revision, the guideline value has remained unchanged at Rs 400 per sq.ft.

Guideline values in Salamangalam

In Salamangalam, there are 59 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 200 to Rs 3,100 per sq.ft, with a median value of Rs 500 per sq.ft. The guideline value of Astro Gardens is below this median.

• Bajanai Koil street: Rs 300 per sq.ft (2024)
• Anna Nagar: Rs 500 per sq.ft (2024)
• Anantham Nagar: Rs 550 per sq.ft (2024)
• Bhavani Nagar: Rs 400 per sq.ft (2024)
• Bhavani Nagar Extn: Rs 400 per sq.ft (2024)
• Alamelumangapuram colony: Rs 601 per sq.ft (2024)

Stamp duty and registration fee for property in Astro Gardens

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. 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 Astro Gardens?

The Sub Registrar Office that covers Astro Gardens is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Salamangalam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is referenced to ensure that the transaction reflects a fair value for taxation purposes. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Astro Gardens?

The current guideline value of Astro Gardens is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent change being from Rs 400 per sq.ft in 2023 to Rs 400 per sq.ft in 2024, showing no change. The value was Rs 268 per sq.ft in 2017, which was a significant increase from Rs 400 per sq.ft in 2012.

What is the land classification of Astro Gardens?

Astro Gardens is classified as Residential Class I Type - I, indicating its designation for residential purposes within the area.

Where can I find the Sub Registrar Office for Astro Gardens?

The Sub Registrar Office for Astro Gardens is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Salamangalam?

Stamp duty for properties in Salamangalam is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 4,00,000, the stamp duty would be 7% of that amount.