Guideline Value for A.K.S. Sherinity

A.K.S. Sherinity guideline value

The current guideline value of A.K.S. Sherinity is Rs 3,100 per sq.ft, effective from 1 July 2024. This property is located in 44.Ayanambakkam village under the Konnur SRO, classified as Residential Special Type - I.

How the guideline value of A.K.S. Sherinity has changed

Since the 2017 revision, the guideline value has seen significant changes. The 2017 revision set the value at Rs 1,943 per sq.ft, which increased to Rs 2,900 per sq.ft in the 2023 revision, marking a 49% rise. The latest 2024 revision has further increased the value to Rs 3,100 per sq.ft, reflecting a 7% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has risen by 60%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 9,702 per sq.ft, with a median value of Rs 1,300 per sq.ft. A.K.S. Sherinity's 2024 figure is above this median.

• Aiswariya Nagar Extn.,: Rs 3,100 per sq.ft (2024)
• Aiswariya Nagar: Rs 3,100 per sq.ft (2024)
• Aishwarya Nagar Extension: Rs 4,777 per sq.ft (2024)
• Aghragaram Street: Rs 1,100 per sq.ft (2024)
• Aghragaram salai: Rs 1,100 per sq.ft (2024)
• Aghragaram Cross Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in A.K.S. Sherinity

For a 1,000 sq.ft plot at the current guideline value of Rs 3,100 per sq.ft, the total guideline value would be Rs 31,00,000. The stamp duty at 7% would be Rs 2,17,000, and the registration fee at 2% would be Rs 62,000, bringing the total to Rs 2,79,000. It is essential to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers A.K.S. Sherinity?

The Sub Registrar Office covering A.K.S. Sherinity is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is a critical factor during the registration of property transactions in 44.Ayanambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately and transparently. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of A.K.S. Sherinity?

The current guideline value of A.K.S. Sherinity is Rs 3,100 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 1,943 per sq.ft to Rs 3,100 per sq.ft in 2024, reflecting a total increase of 60% over this period.

What are the other streets in 44.Ayanambakkam with their guideline values?

Other streets in 44.Ayanambakkam include Aiswariya Nagar Extn. and Aiswariya Nagar, both at Rs 3,100 per sq.ft, and Aishwarya Nagar Extension at Rs 4,777 per sq.ft, among others.

What is the stamp duty rate for properties in A.K.S. Sherinity?

The stamp duty rate for properties in A.K.S. Sherinity is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for A.K.S. Sherinity?

The Sub Registrar Office for A.K.S. Sherinity is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.