Guideline Value for AKASH ARAVIND AVENUE

Akash Aravind Avenue guideline value

The current guideline value of Akash Aravind Avenue is Rs 105 per sq.ft, effective from the 2024 revision. This street is located in Satharai village under the Perambakkam SRO, classified as Residential Class II Type - III.

How the guideline value of Akash Aravind Avenue has changed

The guideline value for Akash Aravind Avenue has remained consistent across multiple revisions. The register shows no figures for the years 2002, 2003, 2007, and 2012. In the 2017 revision, the guideline value was set at Rs 105 per sq.ft, which remained unchanged in the 2023 revision. The latest revision in 2024 also maintains the guideline value at Rs 105 per sq.ft, reflecting a 0% change from the previous years.

Overall, from 2017 to 2024, the guideline value has not changed, remaining stable at Rs 105 per sq.ft. This consistency indicates that there have been no fluctuations in the valuation of Akash Aravind Avenue during this period.

Guideline values in Satharai

In Satharai village, there are four streets under the Perambakkam SRO that carry a 2024 guideline value ranging from Rs 105 to Rs 175 per sq.ft. The median guideline value for these streets is Rs 167 per sq.ft, positioning Akash Aravind Avenue below this median.

• Sai Ritwik Garden: Rs 167 per sq.ft (2024)
• Sri Angala Parameswari Nagar: Rs 167 per sq.ft (2024)
• Ss Raj Garden: Rs 175 per sq.ft (2024)

Stamp duty and registration fee for property in Akash Aravind Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 105 per sq.ft, the total guideline value would be Rs 1,05,000. The stamp duty is charged at 7%, amounting to Rs 7,350, and the registration fee at 2% totals Rs 2,100. Together, the total cost for stamp duty and registration fee would be Rs 9,450. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Akash Aravind Avenue?

The Sub Registrar Office that covers Akash Aravind Avenue is the Perambakkam Sub Registrar Office, located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone.

To find your specific SRO, you can visit find your SRO.

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

The guideline value is a critical factor when registering a property in Satharai. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that both buyers and sellers adhere to the legal requirements during property transactions.

When buying or selling property, the guideline value helps establish the minimum value at which the property can be registered. This ensures transparency and compliance with local regulations, making it essential for all real estate transactions in the area.

Frequently asked questions

What is the current guideline value of Akash Aravind Avenue?

The current guideline value of Akash Aravind Avenue is Rs 105 per sq.ft, effective from the 2024 revision.

How often does the guideline value change?

The guideline value can change with each revision, which occurs periodically. In the case of Akash Aravind Avenue, the guideline value has remained stable at Rs 105 per sq.ft since 2017.

Where can I find the registration office for properties in Satharai?

The registration office for properties in Satharai is the Perambakkam Sub Registrar Office, located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone.

What are the stamp duty rates applicable in Satharai?

The stamp duty rate applicable in Satharai is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2%.

How is the guideline value determined for properties?

The guideline value is determined by the Registration Department and is based on various factors, including the location and land classification. For Akash Aravind Avenue, the land classification is Residential Class II Type - III.