Guideline Value for AKSHAYAM CITY

Akshayam City guideline value

The current guideline value of Akshayam City is Rs 1,000 per sq.ft, as per the 2023 revision. This property is located in the Thiruporur SRO and falls under the Residential Class I Type - II land classification.

How the guideline value of Akshayam City has changed

In the 2017 revision, the guideline value was Rs 670 per sq.ft. This marked a significant increase of 49% to the current rate of Rs 1,000 per sq.ft in the 2023 revision. The register has no figures for the years 2024, 2012, 2007, 2003, and 2002 for this street.

Comparing the revisions, the guideline value rose from Rs 670 in 2017 to Rs 1,000 in 2023. This change reflects the most recent adjustment, while earlier revisions do not provide any figures for Akshayam City.

Guideline values in Thaiyur-A

Currently, there are no specific village figures available for Thaiyur-A. Akshayam City is the only street listed under the Thiruporur SRO in this area.

Stamp duty and registration fee for property in Akshayam City

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to 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 fees to Rs 90,000. 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 Akshayam City?

The Sub Registrar Office that covers Akshayam City is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. To find your SRO, visit find your SRO.

How the guideline value is used when you buy or sell in Thaiyur-A

The guideline value plays a crucial role during the registration of property transactions in Thaiyur-A. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives its due revenue from property transactions.

When buying or selling property, the guideline value is compared to the sale price. The higher of the two amounts will determine the applicable stamp duty and registration fees, which are essential for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Akshayam City?

The current guideline value of Akshayam City is Rs 1,000 per sq.ft, as per the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 670 per sq.ft to Rs 1,000 per sq.ft in 2023, representing a rise of 49%.

Are there any guideline value figures for the years 2002 to 2012?

The register has no figures for the years 2002, 2003, 2007, 2012, and 2024 for Akshayam City.

What are the stamp duty and registration fees for property in Akshayam City?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000. This is based on the current guideline value of Rs 1,000 per sq.ft.

Which office handles the registration of properties in Akshayam City?

The Thiruporur Sub Registrar Office handles the registration of properties in Akshayam City. It is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.