Guideline Value for AKIRAVINI STREET

Akiravini Street guideline value

The current guideline value of Akiravini Street is Rs 850 per sq.ft, effective from 1 July 2024. This street is located in Perumbakkam village, under the Selaiyur SRO, and is classified as Residential Class V Type - I.

How the guideline value of Akiravini Street has changed

In the 2012 revision, the guideline value was Rs 700 per sq.ft. This figure decreased to Rs 469 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value saw a significant increase in the following revisions, rising to Rs 800 per sq.ft in 2023, which represents a 71% increase from the 2017 figure. The current 2024 revision sets the guideline value at Rs 850 per sq.ft, reflecting a 6% increase from 2023.

The register does not have figures for the years 2002, 2003, and 2007 for Akiravini Street. Overall, from 2012 to 2024, the guideline value has increased by 21%.

Guideline values in Perumbakkam

Perumbakkam has a total of 225 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 4,800 per sq.ft. The median value for these streets is Rs 2,725 per sq.ft, indicating that Akiravini Street's 2024 figure is below this median.

• Aks Radiance Phase-II: Rs 3,300 per sq.ft (2024)
• aLADIAMMAN KOIL STREET: Rs 2,725 per sq.ft (2024)
• A.D.P Avenue: Rs 2,725 per sq.ft (2024)
• American Advent Mission Housing Colony: Rs 2,725 per sq.ft (2024)
• American Advent Mission Nagar Main Road: Rs 2,725 per sq.ft (2024)
• Anandammal Nagar: Rs 2,725 per sq.ft (2024)

Stamp duty and registration fee for property in Akiravini Street

For a 1,000 sq.ft plot at the current guideline value of Rs 850 per sq.ft, the total guideline value amounts to Rs 8,50,000. The stamp duty at 7% would be Rs 59,500, and the registration fee at 2% would be Rs 17,000, bringing the total costs together to Rs 76,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Akiravini Street?

The Sub Registrar Office that covers Akiravini Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Perumbakkam

The guideline value is a crucial factor in the registration process for property transactions in Perumbakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value impacts the stamp duty and registration fees that need to be paid. Buyers should be aware that these costs are calculated based on the higher of the guideline value and the sale price, which can affect the overall expenses involved in the transaction.

Frequently asked questions

What is the current guideline value of Akiravini Street?

The current guideline value of Akiravini Street is Rs 850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and finally to Rs 850 per sq.ft in 2024.

What is the land classification for Akiravini Street?

Akiravini Street is classified as Residential Class V Type - I.

What are the other streets in Perumbakkam with their guideline values?

Other streets in Perumbakkam include Aks Radiance Phase-II at Rs 3,300 per sq.ft, aLADIAMMAN KOIL STREET, A.D.P Avenue, American Advent Mission Housing Colony, American Advent Mission Nagar Main Road, and Anandammal Nagar, all at Rs 2,725 per sq.ft for 2024.

Where can I find the Sub Registrar Office for Akiravini Street?

The Sub Registrar Office for Akiravini Street is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.