Guideline Value for AKAN AVENUE PHASE IV

Akan Avenue Phase IV guideline value

The current guideline value of Akan Avenue Phase IV is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village, under the Padappai SRO, and is classified as Residential Class III Type - II.

How the guideline value of Akan Avenue Phase IV has changed

The guideline value register has no figures for Akan Avenue Phase IV for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 2,800 per sq.ft.

There have been no changes between the revisions listed above, as the register does not provide figures for the specified years. Therefore, the current guideline value remains as stated for 2024.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,310 per sq.ft, placing Akan Avenue Phase IV's 2024 figure above that median.

• Akan Avenue Phase III: Rs 2,800 per sq.ft (2024)
• Akan Avenue: Rs 1,770 per sq.ft (2024)
• Alamelmangapuram: Rs 1,650 per sq.ft (2024)
• A.G.S. Colony: Rs 1,980 per sq.ft (2024)
• Albin Garden: Rs 2,310 per sq.ft (2024)
• Albin Garden Extension: Rs 2,310 per sq.ft (2024)

Stamp duty and registration fee for property in Akan Avenue Phase IV

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total to Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Akan Avenue Phase IV?

The Sub Registrar Office that covers Akan Avenue Phase IV is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is used to calculate the applicable duties, ensuring that the transaction is in compliance with local regulations. Buyers 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 Akan Avenue Phase IV?

The current guideline value of Akan Avenue Phase IV is Rs 2,800 per sq.ft, effective from 1 July 2024.

What is the land classification for Akan Avenue Phase IV?

Akan Avenue Phase IV is classified as Residential Class III Type - II.

Are there any previous guideline values for Akan Avenue Phase IV?

The guideline value register has no figures for Akan Avenue Phase IV for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision.

What are the stamp duty and registration fees for a property in Akan Avenue Phase IV?

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000. This is calculated based on the current guideline value.

Where is the Sub Registrar Office for Akan Avenue Phase IV located?

The Sub Registrar Office for Akan Avenue Phase IV is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.