Guideline Value for ACHISOLAI STREET

Achisolai Street guideline value

The current guideline value of Achisolai Street in Chinnakavanam village is Rs 300 per sq.ft, effective from 1 July 2024. This street falls under the Ponneri Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Achisolai Street has changed

In the 2012 revision, the guideline value was set at Rs 200 per sq.ft. This value decreased to Rs 134 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the guideline value increased to Rs 300 per sq.ft, reflecting a significant rise of 124%. The 2023 revision maintained the same value of Rs 300 per sq.ft, which remains unchanged in the 2024 revision.

There are no figures available for Achisolai Street in the 2002, 2003, and 2007 revisions. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 50%.

Guideline values in Chinnakavanam

In Chinnakavanam village, there are 28 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 400 per sq.ft, with the median value being Rs 300 per sq.ft. Achisolai Street's 2024 figure aligns with this median.

• Ambedkar Street: Rs 300 per sq.ft (2024)
• Andimuthan Street: Rs 300 per sq.ft (2024)
• Anna Nagar: Rs 300 per sq.ft (2024)
• Burma Nagar: Rs 300 per sq.ft (2024)
• G.L.S. Nagar: Rs 300 per sq.ft (2024)
• Jayamani Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Achisolai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total cost for these fees to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Achisolai Street?

The Sub Registrar Office that covers Achisolai Street is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

The guideline value is a crucial factor during property transactions in Chinnakavanam. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations associated with the property transaction.

Frequently asked questions

What is the current guideline value of Achisolai Street?

The current guideline value of Achisolai Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Achisolai Street has seen several changes, from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then rising to Rs 300 per sq.ft in 2023 and remaining the same in 2024.

What is the stamp duty rate for properties in Achisolai Street?

The stamp duty rate for properties in Achisolai Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Achisolai Street located?

The Sub Registrar Office for Achisolai Street is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the guideline value used in property transactions?

The guideline value is used as a benchmark for the minimum price at which a property can be registered. It is also utilized to calculate the stamp duty and registration fees during property transactions in Chinnakavanam.