Guideline Value for AKSHYA GARDEN

Akshya Garden guideline value

The current guideline value of Akshya Garden is Rs 600 per sq.ft, effective from 1 July 2024. This property is located in Kolathur village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - I.

How the guideline value of Akshya Garden has changed

The guideline value for Akshya Garden has seen several revisions over the years. In 2012, the value was set at Rs 600 per sq.ft. This remained unchanged until the 2017 revision, which saw a decrease to Rs 402 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 600 per sq.ft. The 2024 revision maintained this value, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, the guideline value has remained at Rs 600 per sq.ft from 2012 to 2024, indicating stability in this period despite fluctuations in earlier years.

Guideline values in Kolathur

In Kolathur, there are a total of 58 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 500 to Rs 1,600 per sq.ft. The median value for these streets is Rs 600 per sq.ft, which is equal to the current guideline value of Akshya Garden.

• A.R.S. Nagar: Rs 700 per sq.ft (2024)
• Arunachala Garden Avenue - E.E.K. Nagar: Rs 600 per sq.ft (2024)
• Chennai Metro City Phase I: Rs 600 per sq.ft (2024)
• Chennai Metro City Phase II: Rs 600 per sq.ft (2024)
• Easwaran Nagar: Rs 600 per sq.ft (2024)
• Easwaran Nagar Phase-II: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Akshya Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000. Together, the total cost for these fees would be Rs 54,000. 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 Akshya Garden?

The Sub Registrar Office that covers Akshya Garden 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kolathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Akshya Garden?

The current guideline value of Akshya Garden is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft from 2012 to 2024, with fluctuations in earlier years, including a decrease to Rs 402 per sq.ft in 2017.

What is the registration office for Akshya Garden?

The registration office for Akshya Garden is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What are the stamp duty and registration fees for a property in Akshya Garden?

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000.

Where can I find more information about the guideline values in Kolathur?

More information about the guideline values in Kolathur can be found in the guideline value register maintained by the Registration Department.