Guideline Value for AKASH GARDEN

Akash Garden guideline value

The current guideline value of Akash Garden is Rs 2,538 per sq.ft, as per the 2023 revision. This property is located in Nalambakkam village under the Gooduvancheri SRO, classified as Mixed Type - III land.

How the guideline value of Akash Garden has changed

In the 2017 revision, the guideline value was set at Rs 1,700 per sq.ft. From 2017 to 2023, there has been a significant increase of 49%, bringing the current guideline value to Rs 2,538 per sq.ft. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2024.

The 2023 revision shows a clear upward trend in the guideline value, reflecting changes in the property market. The absence of figures in previous revisions indicates that the pricing for Akash Garden was not established during those years.

Guideline values in Nalambakkam

Currently, there are no village figures available for Nalambakkam. Akash Garden is the only street mentioned under the Gooduvancheri SRO. The following are other streets in Nalambakkam:

Stamp duty and registration fee for property in Akash Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 2,538 per sq.ft, the total guideline value amounts to Rs 25,38,000. The stamp duty at 7% would be Rs 1,77,660, and the registration fee at 2% would be Rs 50,760, bringing the total to Rs 2,28,420. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Akash Garden?

The Akash Garden property falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value is a crucial factor when registering property transactions in Nalambakkam. It serves as the minimum value for which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the fees payable at the time of registration. This value helps maintain transparency in property transactions and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Akash Garden?

The current guideline value of Akash Garden is Rs 2,538 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

From the 2017 revision, which was Rs 1,700 per sq.ft, the guideline value increased by 49% to the current rate of Rs 2,538 per sq.ft in 2023. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2024.

What are the stamp duty and registration fees for Akash Garden?

For a property in Akash Garden, the stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total costs would amount to Rs 2,28,420.

Where is the Gooduvancheri Sub Registrar Office located?

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

How is the guideline value determined?

The guideline value is determined by the Registration Department's guideline value register, which reflects the minimum value for property registration. It is updated periodically based on various factors, ensuring that it remains relevant to the current market conditions.