Guideline Value for A.K.R.Road

A.K.R.Road guideline value

The current guideline value of A.K.R.Road in Koyakbedu village, under the AnnaNagar SRO, is Rs 3,300 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - III land classification.

How the guideline value of A.K.R.Road has changed

The guideline value of A.K.R.Road has undergone several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a 200% rise. However, the value saw a decrease to Rs 2,010 per sq.ft in 2017, which was a decline of 33%. The 2023 revision set the value at Rs 3,000 per sq.ft, and the most recent 2024 revision increased it to Rs 3,300 per sq.ft, reflecting a 10% increase.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 230%.

Guideline values in Koyakbedu

Koyakbedu has a total of 270 streets under the AnnaNagar SRO, with 2024 guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, placing A.K.R.Road's 2024 figure below that median.

• Alli Street , Brindavan Nagar: Rs 3,300 per sq.ft (2024)
• Ae Block 8th Street: Rs 12,600 per sq.ft (2024)
• Adhi sankaran street ( H block) Annanagar: Rs 3,300 per sq.ft (2024)
• Amman Koil Street: Rs 3,300 per sq.ft (2024)
• Abhinav Manav Garden: Rs 3,300 per sq.ft (2024)
• Angamuthu Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in A.K.R.Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. 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.R.Road?

The Sub Registrar Office that covers A.K.R.Road is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Koyakbedu. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory for property transactions.

Frequently asked questions

What is the current guideline value of A.K.R.Road?

The current guideline value of A.K.R.Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, showing an overall increase of 230%.

What are the other streets in Koyakbedu with similar guideline values?

Other streets in Koyakbedu with a guideline value of Rs 3,300 per sq.ft include Alli Street, Adhi Sankaran Street, Amman Koil Street, Abhinav Manav Garden, and Angamuthu Street.

What is the registration fee for property in A.K.R.Road?

The registration fee for property in A.K.R.Road is calculated at 2% of the guideline value. For a property valued at Rs 33,00,000, the registration fee would be Rs 66,000.

Where can I find my Sub Registrar Office?

The Sub Registrar Office for A.K.R.Road is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037. You can find more information by visiting the link provided.