Guideline Value for ACHARAPAKKAM GST ROAD

Acharapakkam Gst Road guideline value

The current guideline value of Acharapakkam Gst Road is Rs 1,100 per sq.ft, effective from 1 July 2024. This road is located in Mathuranthagam village and falls under the Madurandakam SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Acharapakkam Gst Road has changed

The guideline value for Acharapakkam Gst Road has seen several revisions over the years. In 2007, the guideline value was Rs 500 per sq.ft. This increased to Rs 1,000 per sq.ft in 2012, marking a 100% rise. However, in 2017, it decreased to Rs 670 per sq.ft, reflecting a drop of 33%. The value then rose significantly to Rs 1,000 per sq.ft in 2023, which was a 49% increase. The latest revision in 2024 set the value at Rs 1,100 per sq.ft, a 10% increase from the previous year.

It is important to note that the register does not have figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 120%.

Guideline values in Mathuranthagam

In Mathuranthagam, there are 109 streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 1,480 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, which matches the current value of Acharapakkam Gst Road.

• Anand Nagar: Rs 1,110 per sq.ft (2024)
• Appan Iyyengar Street: Rs 1,110 per sq.ft (2024)
• Arulaleesvarankoil Ponniamman Koil Street: Rs 1,110 per sq.ft (2024)
• Arulaleeswaran Koil Malattu Kuttai Street, Bungalow Colony Mettu Street: Rs 555 per sq.ft (2024)
• Arulaleeswaran Koil Street: Rs 1,110 per sq.ft (2024)
• Arulaleeswaran Koil, Vannan Kullakkarai Street, Othiyan Kulakkarai Street: Rs 555 per sq.ft (2024)

Stamp duty and registration fee for property in Acharapakkam Gst Road

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. 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 information.

Which Sub Registrar Office covers Acharapakkam Gst Road?

The Sub Registrar Office that covers Acharapakkam Gst Road is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor in the registration process when buying or selling property in Mathuranthagam. It helps determine the stamp duty and registration fees that are payable during the transaction. Buyers and sellers should be aware of the current guideline value to ensure accurate calculations and compliance with local regulations.

When a property is registered, the guideline value is used to assess the financial obligations associated with the transaction. It is crucial for both parties to understand how this value affects the overall cost of transferring property ownership.

Frequently asked questions

What is the current guideline value of Acharapakkam Gst Road?

The current guideline value of Acharapakkam Gst Road is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, representing an overall increase of 120% over the years.

What are the other streets in Mathuranthagam with their guideline values?

Other streets in Mathuranthagam include Anand Nagar, Appan Iyyengar Street, and Arulaleesvarankoil Ponniamman Koil Street, among others, with values ranging from Rs 555 to Rs 1,110 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Acharapakkam Gst Road?

The stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 99,000.

Where is the Sub Registrar Office for Acharapakkam Gst Road located?

The Sub Registrar Office for Acharapakkam Gst Road is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.