Guideline Value for SRI ASTALAKSHMI TOWNSHIP

Sri Astalakshmi Township guideline value

The current guideline value of Sri Astalakshmi Township, located in Palur-A village under the Chengleput Joint II SRO, is Rs 150 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - I land classification.

How the guideline value of Sri Astalakshmi Township has changed

The guideline value for Sri Astalakshmi Township has remained consistent at Rs 150 per sq.ft since the 2023 revision, which also recorded a value of Rs 150 per sq.ft. Prior to this, the register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, the only revisions available are from 2023 and 2024, showing no change in the guideline value, which has remained at Rs 150 per sq.ft. The absence of figures for earlier years indicates that there have been no recorded changes for this street in those periods.

Guideline values in Palur-A

In Palur-A, there are 44 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 150 to Rs 600 per sq.ft. The median guideline value in this area is Rs 400 per sq.ft, placing the guideline value of Sri Astalakshmi Township below this median.

• Sri Astalakshmi Town Ship Phase- IV: Rs 502 per sq.ft (2024)
• Sri Balaji Avenue: Rs 400 per sq.ft (2024)
• Sri Sai Ram Nagar: Rs 400 per sq.ft (2024)
• Sri Seshadri Garden Guna Nagar: Rs 400 per sq.ft (2024)
• Sri Seshadri Garden Pasupathi Nagar: Rs 400 per sq.ft (2024)
• Sri Sheshatari Garden: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Astalakshmi Township

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, while the registration fee at 2% would be Rs 3,000. Together, these charges amount to Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Astalakshmi Township?

The Sri Astalakshmi Township is covered by 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 of property transactions in Palur-A. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value ensures that the government receives appropriate revenue from property transactions.

When selling property, the guideline value can influence the sale price, as it provides a benchmark for both buyers and sellers. It is essential to be aware of the current guideline value to ensure compliance with registration requirements and to understand the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Sri Astalakshmi Township?

The current guideline value of Sri Astalakshmi Township is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft since the 2023 revision. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification of Sri Astalakshmi Township?

Sri Astalakshmi Township falls under the Residential Class II Type - I land classification.

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

For a plot of 1,000 sq.ft at the guideline value of Rs 150 per sq.ft, the stamp duty would be Rs 10,500 and the registration fee would be Rs 3,000, totaling Rs 13,500.

Which office handles property registrations for Sri Astalakshmi Township?

The Chengleput Joint II Sub Registrar Office handles property registrations for Sri Astalakshmi Township, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.