Guideline Value for AKB THE SOLITAIRE

Akb The Solitaire guideline value

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

How the guideline value of Akb The Solitaire has changed

Over the years, the guideline value of Akb The Solitaire has seen several revisions. The register shows no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 3,000 per sq.ft, which increased by 10% to Rs 3,300 per sq.ft in the 2024 revision.

This increase reflects a consistent adjustment in the guideline value, with the most recent revision marking a significant change. The 2024 figure of Rs 3,300 per sq.ft is the highest recorded for this street in the available revisions.

Guideline values in Kaspapuram

Kaspapuram consists of 76 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 440 to Rs 4,300 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, placing the Akb The Solitaire guideline value above this median.

• Akb The Solitaire Extension: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to 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 cost for these charges to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Akb The Solitaire?

The Akb The Solitaire property is covered by 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 information.

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

The guideline value is a critical factor during property transactions in Kaspapuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property. This value is established by the Registration Department and is subject to periodic revisions.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers should be aware of the current guideline value to calculate their potential costs accurately.

Frequently asked questions

What is the current guideline value of Akb The Solitaire?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase. There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What is the land classification of Akb The Solitaire?

Akb The Solitaire is classified as Commercial Class I Type - II. This classification can impact the property’s usage and potential development.

What are the stamp duty and registration fees for property in Akb The Solitaire?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Akb The Solitaire?

The Tambaram Joint 1 Sub Registrar Office covers Akb The Solitaire, located at No.26, Mes Road, East Tambaram, Chennai-600059. This office handles the registration of properties in the area.