Guideline Value for AKSHYAM

Akshyam guideline value

The current guideline value of Akshyam, located in Vallam village under the Sriperumpudur SRO, is Rs 600 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Akshyam has changed

In the 2012 revision, the guideline value was set at Rs 500 per sq.ft. This figure saw a decrease to Rs 335 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 600 per sq.ft, reflecting a rise of 79%. The 2023 revision maintained this value, with no change to Rs 600 per sq.ft in the 2024 revision.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 20%.

Guideline values in Vallam

In Vallam, there are 51 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,950 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing the Akshyam street's 2024 figure above that median.

• Akshyam -I: Rs 600 per sq.ft (2024)
• Akshayam -III: Rs 600 per sq.ft (2024)
• Akshayam-II: Rs 600 per sq.ft (2024)
• Alliance villa Belvedere: Rs 1,950 per sq.ft (2024)
• Bajanai Koil Street: Rs 200 per sq.ft (2024)
• B.K. Rajiv Town: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Akshyam

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees together to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Akshyam?

The Akshyam area falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vallam. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When a property is sold, the buyer and seller must adhere to the guideline value for registration purposes, which helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Akshyam?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023 and remained the same in 2024.

What is the land classification of Akshyam?

Akshyam is classified as Residential Special Type - I, indicating its suitability for residential development.

Where is the Sriperumpudur Sub Registrar Office located?

The Sriperumpudur Sub Registrar Office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated in Akshyam?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000.