Guideline Value

Corporate

Guideline Value for SRI ASTALAKSHMI TOWN SHIP PHASE- IV

₹502/sq.ft.

The guideline value for Sri Astalakshmi Town Ship Phase- Iv in Palur-a village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 502 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 0% change. The land classification is Mixed Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Palur-a

Village

Chengleput Joint II

SRO

Mixed Type - I
History
Period Guideline Value
From 1-7-2024 ₹502 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹100 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sri Astalakshmi Town Ship Phase- Iv

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Sri Astalakshmi Town Ship Phase- IV guideline value

The current guideline value of Sri Astalakshmi Town Ship Phase- IV is Rs 502 per sq.ft, effective from 1 July 2024. This property is located in Palur-A village, under the Chengleput Joint II SRO, and is classified as Mixed Type - I land.

How the guideline value of Sri Astalakshmi Town Ship Phase- IV has changed

The guideline value for Sri Astalakshmi Town Ship Phase- IV has seen significant changes over the years. In the 2017 revision, the value was set at Rs 100 per sq.ft, which increased to Rs 500 per sq.ft in 2023. The latest revision in 2024 shows a slight increase to Rs 502 per sq.ft, marking a 0% change from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 402%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The guideline value has remained stable at Rs 500 per sq.ft from 2023 to 2024, following a substantial increase of 400% from 2017 to 2023.

Guideline values in Palur-A

In Palur-A, there are 44 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 600 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for Sri Astalakshmi Town Ship Phase- IV is above this median, reflecting its current valuation.

Stamp duty and registration fee for property in Sri Astalakshmi Town Ship Phase- IV

For a 1,000 sq.ft plot at the current guideline value of Rs 502 per sq.ft, the total guideline value would amount to Rs 5,02,000. The stamp duty charged at 7% would be Rs 35,140, and the registration fee at 2% would be Rs 10,040, bringing the total charges to Rs 45,180. Please 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 precise calculations.

Which Sub Registrar Office covers Sri Astalakshmi Town Ship Phase- IV?

The Sub Registrar Office that covers Sri Astalakshmi Town Ship Phase- IV is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

To find your specific SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Palur-A

The guideline value plays a crucial role in the registration process when buying or selling property in Palur-A. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that transactions are conducted transparently and fairly.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the region.

Frequently asked questions

What is the current guideline value of Sri Astalakshmi Town Ship Phase- IV?

The current guideline value of Sri Astalakshmi Town Ship Phase- IV is Rs 502 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 100 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, and it is now Rs 502 per sq.ft in 2024. Overall, this represents a 402% increase from 2017 to 2024.

What are the other streets in Palur-A and their guideline values?

Other streets in Palur-A include Sri Astalakshmi Township at Rs 150 per sq.ft, and several others like Sri Balaji Avenue, Sri Sai Ram Nagar, Sri Seshadri Garden Guna Nagar, Sri Seshadri Garden Pasupathi Nagar, and Sri Sheshatari Garden, all at Rs 400 per sq.ft for 2024.

How is stamp duty calculated for property in Sri Astalakshmi Town Ship Phase- IV?

Stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total guideline value is Rs 5,02,000, resulting in a stamp duty of Rs 35,140 and a registration fee of Rs 10,040.

Which office handles the registration for properties in Sri Astalakshmi Town Ship Phase- IV?

The Chengleput Joint II Sub Registrar Office handles the registration for properties in Sri Astalakshmi Town Ship Phase- IV, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.