Guideline Value for AKB THE SOLITAIRE EXTENSION

Akb The Solitaire Extension guideline value

The current guideline value of Akb The Solitaire Extension is Rs 3,300 per sq.ft, effective from 1 July 2024. This property is located in Kaspapuram village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Akb The Solitaire Extension has changed

The guideline value for Akb The Solitaire Extension has seen several revisions over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 3,000 per sq.ft. With the 2024 revision, this has increased to Rs 3,300 per sq.ft, marking a 10% rise from the previous year.

In summary, the guideline value has changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024. This increase reflects the current valuation trends for the property in this area.

Guideline values in Kaspapuram

Kaspapuram has a total of 76 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 440 to Rs 4,300 per sq.ft as per the 2024 revision. The median guideline value for the village is Rs 1,100 per sq.ft, placing Akb The Solitaire Extension's value above this median.

• Akb The Solitaire: Rs 3,300 per sq.ft (2024)
• Aadhiparasakthi Koil Street: Rs 440 per sq.ft (2024)
• Anishma Avenue: Rs 2,220 per sq.ft (2024)
• Anna Street: Rs 440 per sq.ft (2024)
• Balamurugan 1st Street: Rs 550 per sq.ft (2024)
• Balamurugan 2nd Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Akb The Solitaire Extension

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value totals Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Akb The Solitaire Extension?

The Sub Registrar Office covering Akb The Solitaire Extension is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Kaspapuram, the guideline value is used to calculate the stamp duty and registration fees that are required by law.

It is essential for buyers and sellers to be aware of the guideline value, as it can significantly impact the overall cost of the transaction. Accurate knowledge of the guideline value helps in ensuring compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Akb The Solitaire Extension?

The current guideline value of Akb The Solitaire Extension is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value has increased from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, which is a 10% increase.

What is the land classification for Akb The Solitaire Extension?

The land classification for Akb The Solitaire Extension is Commercial Class I Type - II.

Where can I find the Sub Registrar Office for Akb The Solitaire Extension?

The Sub Registrar Office for Akb The Solitaire Extension is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is stamp duty calculated for properties in Kaspapuram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at a rate of 7%.