Guideline Value for AKASH AVENUE

Akash Avenue guideline value

The current guideline value of Akash Avenue is Rs 350 per sq.ft, effective from 1 July 2024. This street is located in Puthumavilingai village under the Perambakkam SRO, classified as Residential Class II Type - II.

How the guideline value of Akash Avenue has changed

Since the 2017 revision, the guideline value for Akash Avenue has remained constant at Rs 350 per sq.ft. The 2023 revision also maintained this figure, showing no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, there has been no change in the guideline value, which has consistently remained at Rs 350 per sq.ft throughout these years.

Guideline values in Puthumavilingai

In Puthumavilingai, there are four streets under the Perambakkam SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 600 per sq.ft. The median guideline value for these streets is Rs 276 per sq.ft, placing Akash Avenue's 2024 figure above this median.

• Mangalambiga Nagar: Rs 200 per sq.ft (2024)
• Sri Vaaru Nagar: Rs 201 per sq.ft (2024)
• Sri Golden Avenue: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Akash Avenue

For a 1,000 sq.ft plot at the current rate of Rs 350 per sq.ft, the guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, totaling Rs 31,500. 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 details.

Which Sub Registrar Office covers Akash Avenue?

The Sub Registrar Office covering Akash Avenue is the Perambakkam Sub Registrar Office, located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an important factor during property transactions in Puthumavilingai. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold.

When registering a property, the guideline value serves as a benchmark for calculating the fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Akash Avenue?

The current guideline value of Akash Avenue is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Akash Avenue has remained unchanged at Rs 350 per sq.ft since the 2017 revision, with no changes in the subsequent revisions up to 2024.

What are the guideline values for other streets in Puthumavilingai?

Other streets in Puthumavilingai have varying guideline values, with Mangalambiga Nagar at Rs 200 per sq.ft, Sri Vaaru Nagar at Rs 201 per sq.ft, and Sri Golden Avenue at Rs 600 per sq.ft as of 2024.

What is the registration fee for properties in Akash Avenue?

The registration fee for properties in Akash Avenue is calculated based on the guideline value, which is currently Rs 350 per sq.ft. The fee is typically 2% of the guideline value.

Where can I find the Sub Registrar Office for Akash Avenue?

The Sub Registrar Office for Akash Avenue is located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone. You can find more details by visiting the relevant website.