Guideline Value for A.K.GARDEN

A.K.Garden guideline value

The current guideline value of A.K.Garden in Perumattu Nellore village is Rs 800 per sq.ft, effective from 1 July 2024. This area falls under the Chengleput Joint II SRO and is classified as Residential Special Type - I.

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

In the 2017 revision, the guideline value for A.K.Garden was Rs 536 per sq.ft. This figure remained unchanged at Rs 800 per sq.ft in the 2023 revision and continues to be Rs 800 per sq.ft in the 2024 revision, showing a significant increase of 49% from 2017 to 2023. The guideline value has not changed from 2023 to 2024, indicating a stable rate over this period.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Perumattu Nellore

In Perumattu Nellore, there are 83 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 2,850 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, making A.K.Garden's current value of Rs 800 per sq.ft higher than the median.

• A.K.S. Avenue: Rs 500 per sq.ft (2024)
• Aishwaryam Enclave Phase - II: Rs 1,800 per sq.ft (2024)
• Aishwaryam Enclave Phase - I: Rs 1,800 per sq.ft (2024)
• Adhvan Enclave: Rs 700 per sq.ft (2024)
• Anantha Viniyaga Nagar: Rs 700 per sq.ft (2024)
• Annai Meenakshi Nagar: Rs 700 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, while the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. 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 details.

Which Sub Registrar Office covers A.K.Garden?

The Sub Registrar Office that covers A.K.Garden is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find your SRO for additional information.

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

The guideline value is an essential reference for property transactions in Perumattu Nellore. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in real estate dealings.

Frequently asked questions

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

The current guideline value of A.K.Garden is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 536 per sq.ft in 2017 to Rs 800 per sq.ft in 2023 and has remained the same in 2024. Overall, this represents a 49% increase from 2017 to 2024.

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

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 8,00,000. The stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000.

Which office handles registrations for A.K.Garden?

The Chengleput Joint II Sub Registrar Office handles registrations for A.K.Garden. It is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What land classification does A.K.Garden fall under?

A.K.Garden is classified as Residential Special Type - I, indicating its suitability for residential development.