Guideline Value for AKBAR GARDEN

Akbar Garden guideline value

The current guideline value of Akbar Garden in Panaiyur village, under the Cheyyur SRO, is Rs 400 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Akbar Garden has changed

The guideline value for Akbar Garden has remained consistent at Rs 400 per sq.ft for the 2023 and 2024 revisions. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

From 2023 to 2024, there was no change in the guideline value, maintaining a rate of Rs 400 per sq.ft. The register indicates that the value has been stable during this period.

Guideline values in Panaiyur

In Panaiyur, three streets under the Cheyyur SRO have a 2024 guideline value ranging from Rs 350 to Rs 400 per sq.ft. The median value for these streets is Rs 400 per sq.ft, which is also the current guideline value for Akbar Garden.

• Le Reve: Rs 350 per sq.ft (2024)
• Sea Chimes: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Akbar Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, together totaling Rs 36,000. 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 Akbar Garden?

The Akbar Garden area is covered by the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during property registration in Panaiyur. It determines the amount of stamp duty and registration fees that buyers and sellers must pay, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value serves as a reference point for the transaction price. It is crucial for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Akbar Garden?

The current guideline value for Akbar Garden is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Akbar Garden has remained at Rs 400 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

What is the median guideline value for streets in Panaiyur?

The median guideline value for streets in Panaiyur is Rs 400 per sq.ft. This value is equal to the current guideline value for Akbar Garden.

What are the stamp duty and registration fees for properties in Akbar Garden?

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000, and the registration fee would be Rs 8,000, totaling Rs 36,000. Duty is charged on the higher of the guideline value and the sale price.

Where is the Cheyyur Sub Registrar Office located?

The Cheyyur Sub Registrar Office is located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. This office handles the registration of properties in the Akbar Garden area.