Guideline Value for AKASH GANGA CITY

Akash Ganga City guideline value

The current guideline value of Akash Ganga City is Rs 1,500 per sq.ft, as per the 2023 revision. This property is located in Melakottyur village, under the jurisdiction of the Gooduvancheri SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Akash Ganga City has changed

The guideline value for Akash Ganga City has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 1,500 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 1,005 per sq.ft. However, the most recent 2023 revision saw a significant increase to Rs 1,500 per sq.ft, marking a 49% rise from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained constant at Rs 1,500 per sq.ft, indicating no net change. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Melakottyur

Currently, there are no specific guideline values available for other properties in Melakottyur village. The Akash Ganga City guideline value stands at Rs 1,500 per sq.ft. Unfortunately, there are no other streets in Melakottyur under the Gooduvancheri SRO listed.

Stamp duty and registration fee for property in Akash Ganga City

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, resulting in a total of Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Akash Ganga City?

The Sub Registrar Office that covers Akash Ganga City is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu 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 Melakottyur

The guideline value plays a crucial role in the registration process when buying or selling property in Melakottyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately.

When registering a property, buyers should be aware that the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives due revenue from property transactions.

Frequently asked questions

What is the current guideline value of Akash Ganga City?

The current guideline value of Akash Ganga City is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, and then back to Rs 1,500 per sq.ft in 2023. Overall, there has been no net change from 2012 to 2023.

What is the stamp duty rate for property in Akash Ganga City?

The stamp duty rate for property in Akash Ganga City is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Akash Ganga City located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone.

How is the registration fee calculated for properties in Akash Ganga City?

The registration fee for properties in Akash Ganga City is calculated at 2% of the guideline value or sale price, whichever is higher. This is in addition to the stamp duty charged during the registration process.