Guideline Value for A.K.N.Nagar Part VII

A.K.N.Nagar Part VII guideline value

The current guideline value of A.K.N.Nagar Part VII is Rs 375 per sq.ft. This property is located in Kovilkuppam village under the Manavalanagar SRO, classified as Residential Class I Type - IV.

How the guideline value of A.K.N.Nagar Part VII has changed

The guideline value for A.K.N.Nagar Part VII has remained consistent at Rs 375 per sq.ft from the 2023 revision to the 2024 revision, showing no change. Prior to this, the register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

In the 2024 revision, the guideline value is set at Rs 375 per sq.ft, which is the same as the 2023 revision. Thus, there has been a 0% change from 2023 to 2024.

Guideline values in Kovilkuppam

Kovilkuppam has 68 streets under the Manavalanagar SRO with a 2024 guideline value ranging from Rs 300 to Rs 800 per sq.ft. The median guideline value is Rs 350 per sq.ft, placing A.K.N.Nagar Part VII above this median.

• Akn Nagar Part 4: Rs 300 per sq.ft (2024)
• Akn Nagar Part 1: Rs 300 per sq.ft (2024)
• Akn Nagar: Rs 300 per sq.ft (2024)
• Annai Rajeswarai Nagar: Rs 300 per sq.ft (2024)
• Balaji Avenue: Rs 450 per sq.ft (2024)
• Bala Murugan Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in A.K.N.Nagar Part VII

For a 1,000 sq.ft plot at the current guideline value of Rs 375 per sq.ft, the total guideline value amounts to Rs 3,75,000. The stamp duty at 7% would be Rs 26,250, and the registration fee at 2% would be Rs 7,500, resulting in a total of Rs 33,750. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers A.K.N.Nagar Part VII?

The Sub Registrar Office that covers A.K.N.Nagar Part VII is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling properties in Kovilkuppam. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official documents.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of A.K.N.Nagar Part VII?

The current guideline value of A.K.N.Nagar Part VII is Rs 375 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value for A.K.N.Nagar Part VII has remained at Rs 375 per sq.ft from the 2023 revision to the 2024 revision, with no changes. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification of A.K.N.Nagar Part VII?

A.K.N.Nagar Part VII is classified as Residential Class I Type - IV, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in A.K.N.Nagar Part VII?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees would amount to Rs 33,750.

Which office handles the registration for A.K.N.Nagar Part VII?

The registration for A.K.N.Nagar Part VII is handled by the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.