Guideline Value for AKSHAYA HOMES

Akshaya Homes guideline value

The current guideline value of Akshaya Homes in Thirukkachur - 1 village is Rs 2,750 per sq.ft, effective from 1 July 2024. This property falls under the Chengleput Joint II SRO and is classified as Residential Special Type - I.

How the guideline value of Akshaya Homes has changed

In the 2012 revision, the guideline value was set at Rs 2,500 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 1,675 per sq.ft. Following this, the 2023 revision increased the value to Rs 2,500 per sq.ft, and the most recent 2024 revision raised it further to Rs 2,750 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Between the revisions, the guideline value changed as follows: from 2012 to 2017, there was a decrease of 33%; from 2017 to 2023, it increased by 49%; and from 2023 to 2024, it rose by 10%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thirukkachur - 1

In Thirukkachur - 1, there are 86 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 385 to Rs 3,300 per sq.ft. The median value is Rs 660 per sq.ft, and Akshaya Homes' 2024 figure is above this median.

• Amman Koil Street: Rs 550 per sq.ft (2024)
• Anna Nagar Mettu Street: Rs 550 per sq.ft (2024)
• Anna Nagar (Tkr): Rs 550 per sq.ft (2024)
• Balaji Gardens: Rs 660 per sq.ft (2024)
• Bharathiyar Street: Rs 550 per sq.ft (2024)
• Dharmaraja Koil Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Akshaya Homes

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. Duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Akshaya Homes?

The Sub Registrar Office that covers Akshaya Homes is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Thirukkachur - 1

The guideline value is an essential factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Thirukkachur - 1, the guideline value is used to calculate the stamp duty and registration fees applicable to the transaction.

It is important to note that the guideline value may differ from the actual sale price of the property. The duty is charged on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Akshaya Homes?

The current guideline value of Akshaya Homes is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being an increase from Rs 2,500 per sq.ft in 2023 to Rs 2,750 per sq.ft in 2024. The value has also fluctuated from Rs 2,500 in 2012 to Rs 1,675 in 2017, before rising again.

What are the stamp duty and registration fees for properties in Akshaya Homes?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 2,47,500.

Which Sub Registrar Office covers Akshaya Homes?

Akshaya Homes is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification of Akshaya Homes?

Akshaya Homes is classified as Residential Special Type - I, indicating its designation for residential purposes within the area.