Guideline Value for A.K.HOLDINGS PARK

A.K.Holdings Park guideline value

The current guideline value of A.K.Holdings Park is Rs 2,200 per sq.ft, effective from 1 July 2024. This property is located in the Sholinganallur - 1 village, under the Neelankarai SRO, and falls under the Residential Class II Type - III land classification.

How the guideline value of A.K.Holdings Park has changed

Since the 2017 revision, the guideline value for A.K.Holdings Park has seen significant changes. In 2017, the guideline value was Rs 1,340 per sq.ft, which increased to Rs 2,000 per sq.ft in the 2023 revision, marking a 49% increase. The latest 2024 revision has set the value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO, with a 2024 guideline value range from Rs 1,000 to Rs 8,800 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which is equal to the current guideline value of A.K.Holdings Park.

• Akkarai 1st Street: Rs 2,200 per sq.ft (2024)
• Akkarai 2nd Street: Rs 2,200 per sq.ft (2024)
• Akkarai 3rd Street: Rs 2,200 per sq.ft (2024)
• Akkarai 4rd Street (Tvs Avenue): Rs 4,400 per sq.ft (2024)
• Akkarai Main Road: Rs 2,800 per sq.ft (2024)
• Amar Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in A.K.Holdings Park

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total fees Rs 1,98,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers A.K.Holdings Park?

The Sub Registrar Office that covers A.K.Holdings Park is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a critical factor in the registration process when buying or selling property in Sholinganallur - 1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted fairly and transparently.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller are aware of the costs involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of A.K.Holdings Park?

The current guideline value of A.K.Holdings Park is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft in 2024, reflecting a total increase of 64% over the years.

What is the land classification for A.K.Holdings Park?

A.K.Holdings Park falls under the Residential Class II Type - III land classification.

What are the stamp duty rates for property in A.K.Holdings Park?

The stamp duty for property in A.K.Holdings Park is 7% of the guideline value or sale price, whichever is higher.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.