Guideline Value for Sri Astalaxmi Nagar

Sri Astalaxmi Nagar guideline value

The current guideline value of Sri Astalaxmi Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Mannoor village under the Sriperumpudur SRO and is classified as Residential Class I Type - I.

How the guideline value of Sri Astalaxmi Nagar has changed

Over the years, the guideline value for Sri Astalaxmi Nagar has seen several revisions. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 201 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49%, returning to Rs 300 per sq.ft in 2023. The 2024 revision has maintained this rate, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 300 per sq.ft.

Guideline values in Mannoor

In Mannoor, there are 56 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 1,500 per sq.ft, with a median of Rs 250 per sq.ft. The guideline value for Sri Astalaxmi Nagar is above this median.

• Sri Devi Nagar: Rs 250 per sq.ft (2024)
• Siva Vishnu Nagar: Rs 500 per sq.ft (2024)
• Sithi Vinayagar Nagar: Rs 250 per sq.ft (2024)
• Showbagya co-op Nagar: Rs 600 per sq.ft (2024)
• Sanjeevi Nagar: Rs 200 per sq.ft (2024)
• Tharani Grand: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Astalaxmi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value totals Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Astalaxmi Nagar?

The Sub Registrar Office that covers Sri Astalaxmi Nagar 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 Mannoor

The guideline value plays a crucial role in the registration process when buying or selling property in Mannoor. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Sri Astalaxmi Nagar?

The current guideline value of Sri Astalaxmi Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Astalaxmi Nagar has remained at Rs 300 per sq.ft from 2012 to 2024, with a drop to Rs 201 per sq.ft in 2017, followed by an increase back to Rs 300 per sq.ft in 2023.

What are the guideline values of other streets in Mannoor?

Other streets in Mannoor have varying guideline values, with rates ranging from Rs 100 to Rs 1,500 per sq.ft. For example, Sri Devi Nagar has a value of Rs 250 per sq.ft, while Siva Vishnu Nagar is at Rs 500 per sq.ft.

How is stamp duty calculated in Sri Astalaxmi Nagar?

Stamp duty in Sri Astalaxmi Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000.

Where can I find the Sub Registrar Office for Sri Astalaxmi Nagar?

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