Guideline Value for AKBARABAD FIRST STREET

Akbarabad First Street guideline value

The current guideline value of Akbarabad First Street is Rs 8,200 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village and falls under the Kodambakkam SRO, classified as Residential Special Type - I.

How the guideline value of Akbarabad First Street has changed

The guideline value of Akbarabad First Street has undergone several revisions over the years. In 2007, the guideline value was Rs 2,100 per sq.ft, which increased significantly to Rs 7,500 per sq.ft in 2012, marking a rise of 257%. However, between 2012 and 2017, the value decreased to Rs 5,025 per sq.ft, a drop of 33%. The most recent revision in 2024 set the value at Rs 8,200 per sq.ft, reflecting an increase of 63% from the 2017 figure.

It is important to note that the register has no figures for Akbarabad First Street for the years 2002, 2003, and 2023. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 290%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, placing Akbarabad First Street's 2024 figure above this median.

• Akbarabad Second Street: Rs 8,200 per sq.ft (2024)
• Alagiri Nagar 1st Street: Rs 6,300 per sq.ft (2024)
• Alagiri Nagar 2nd Street: Rs 6,300 per sq.ft (2024)
• Alagiri Nagar 3rd Street: Rs 6,300 per sq.ft (2024)
• Alagiri Nagar 4th Street: Rs 6,300 per sq.ft (2024)
• Alagiri Nagar 5th Street: Rs 6,300 per sq.ft (2024)

Stamp duty and registration fee for property in Akbarabad First Street

For a 1,000 sq.ft plot at the current guideline value of Rs 8,200 per sq.ft, the total guideline value amounts to Rs 82,00,000. The stamp duty at 7% would be Rs 5,74,000, and the registration fee at 2% would be Rs 1,64,000, bringing the total fees together to Rs 7,38,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Akbarabad First Street?

The Sub Registrar Office covering Akbarabad First Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for additional information.

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

The guideline value is a crucial factor when registering property in Puliyur. It determines the minimum value at which a property can be sold or bought, ensuring that the transaction is recorded at a fair price as per the government regulations.

When you proceed with a property transaction, the guideline value will be used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Akbarabad First Street?

The current guideline value of Akbarabad First Street is Rs 8,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 2,100 per sq.ft in 2007 to Rs 8,200 per sq.ft in 2024, reflecting an overall increase of 290% over the years.

What is the land classification for Akbarabad First Street?

Akbarabad First Street is classified as Residential Special Type - I under the Kodambakkam SRO.

Where can I find the Sub Registrar Office for Akbarabad First Street?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for properties in Akbarabad First Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 82,00,000 would incur a stamp duty of Rs 5,74,000 at 7%.