Guideline Value for A.K.CITY

A.K.City guideline value

The current guideline value for A.K.City, located in Oothivakkam village under the Thiruporur SRO, is Rs 1,300 per sq.ft as per the 2024 revision, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of A.K.City has changed

In the 2023 revision, the guideline value for A.K.City was recorded at Rs 1,300 per sq.ft, which remains unchanged in the 2024 revision. Prior to these revisions, the register has no figures for this street in the years 2017, 2012, 2007, 2003, and 2002.

Thus, the guideline value has remained stable at Rs 1,300 per sq.ft from 2023 to 2024, indicating no percentage increase or decrease during this period.

Guideline values in Oothivakkam

Oothivakkam village features a range of guideline values across its 20 streets, with values varying from Rs 200 to Rs 1,792 per sq.ft. The median guideline value in the village is Rs 825 per sq.ft, placing A.K.City's value above this median.

• Mahalakshmi Nagar: Rs 1,493 per sq.ft (2024)
• Pasumai Nagar: Rs 250 per sq.ft (2024)
• Pristine Hill Breese Avenue Phase I: Rs 500 per sq.ft (2024)
• Sai Baba Garden: Rs 250 per sq.ft (2024)
• ShreeRaksha Garden: Rs 1,350 per sq.ft (2024)
• Sri Sathya Sai Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in A.K.City

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty, charged at 7%, would be Rs 91,000, while the registration fee at 2% would be Rs 26,000, bringing the total cost for these fees to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers A.K.City?

The Sub Registrar Office that covers A.K.City is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Oothivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value impacts the stamp duty and registration fees applicable to the transaction. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of A.K.City?

The current guideline value of A.K.City is Rs 1,300 per sq.ft, as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for A.K.City has remained unchanged at Rs 1,300 per sq.ft from 2023 to 2024. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002 in the register.

What is the land classification for A.K.City?

The land classification for A.K.City is Residential Special Type - III, indicating the type of development permissible in this area.

What are the stamp duty and registration fees for A.K.City?

The stamp duty for a property in A.K.City is 7% of the guideline value, while the registration fee is 2%. For example, for a property valued at Rs 13,00,000, the total fees would amount to Rs 1,17,000.

Where is the Sub Registrar Office for A.K.City located?

The Sub Registrar Office for A.K.City is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.