Guideline Value for AKILANDESHWARI NAGAR PART -II

Akilandeshwari Nagar Part -II guideline value

The current guideline value of Akilandeshwari Nagar Part -II is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Adhanoor village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Akilandeshwari Nagar Part -II has changed

The guideline value for Akilandeshwari Nagar Part -II has seen several revisions over the years. In the 2017 revision, the value was set at Rs 670 per sq.ft. This figure remained unchanged in the 2023 revision, where it was still Rs 1,000 per sq.ft. The current 2024 revision maintains this rate of Rs 1,000 per sq.ft, indicating no change from the previous year. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase is also 49%, reflecting the same rate of Rs 1,000 per sq.ft in both the 2023 and 2024 revisions.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 670 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 1,000 per sq.ft, which is equal to the 2024 figure for Akilandeshwari Nagar Part -II.

• Akilandeeswari Nagar: Rs 1,000 per sq.ft (2024)
• Akilandeswari Nagar Part-I: Rs 1,000 per sq.ft (2024)
• Alcon Nagar: Rs 1,000 per sq.ft (2024)
• Alwin Nagar: Rs 1,000 per sq.ft (2024)
• Alwin Nagar Extn: Rs 1,000 per sq.ft (2024)
• Aarthi Avenue: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Akilandeshwari Nagar Part -II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total cost to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Akilandeshwari Nagar Part -II?

The Sub Registrar Office that covers Akilandeshwari Nagar Part -II is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Adhanoor. It serves as a benchmark for calculating the stamp duty and registration fees applicable to the property being bought or sold.

When you register a property, the guideline value is considered to ensure that the transaction reflects a fair value for taxation purposes. Buyers and sellers must be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Akilandeshwari Nagar Part -II?

The current guideline value of Akilandeshwari Nagar Part -II is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,000 per sq.ft from 2023 to 2024. It increased from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023, marking a 49% increase over that period.

What are the other streets in Adhanoor with the same guideline value?

Other streets in Adhanoor that share the same guideline value of Rs 1,000 per sq.ft include Akilandeeswari Nagar, Akilandeswari Nagar Part-I, Alcon Nagar, Alwin Nagar, Alwin Nagar Extn, and Aarthi Avenue.

What fees are associated with buying property in Akilandeshwari Nagar Part -II?

When buying property in Akilandeshwari Nagar Part -II, buyers should account for stamp duty at 7% and registration fees at 2% of the guideline value or sale price, whichever is higher.

Where can I find my Sub Registrar Office?

The Sub Registrar Office for Akilandeshwari Nagar Part -II is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202. You can find more information by visiting the relevant link.