Guideline Value for AKSHYAM

Akshyam guideline value

The current guideline value of Akshyam, located in Vallam_B village under the Sriperumpudur SRO, is Rs 600 per sq.ft as per the 2024 revision, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Akshyam has changed

In the 2017 revision, the guideline value was Rs 335 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 600 per sq.ft. The 2024 revision has kept the guideline value at Rs 600 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 79%. Overall, from 2017 to 2024, the increase remains at 79%, reflecting the consistent value of Rs 600 per sq.ft since 2023.

Guideline values in Vallam_B

In Vallam_B, there are 73 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,950 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for Akshyam is above this 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)
• Balaji Nagar: Rs 400 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 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, bringing the total to Rs 54,000. It is important to note that the 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 Akshyam?

The Akshyam area falls under the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during property registration in Vallam_B. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is documented at a recognized value. This process helps maintain transparency and standardization in real estate transactions.

Frequently asked questions

What is the current guideline value of Akshyam?

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

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 79%, remaining at Rs 600 per sq.ft from 2023 to 2024. There were no figures for the years 2002, 2003, 2007, and 2012 for this street.

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

Other streets in Vallam_B include Akshyam -I, Akshayam -III, Akshayam-II, Alliance villa Belvedere, Bajanai Koil Street, and Balaji Nagar, each with varying guideline values.

What is the registration fee for a property in Akshyam?

The registration fee for a property in Akshyam is calculated based on the guideline value. For example, for a 1,000 sq.ft plot at Rs 600 per sq.ft, the total registration fee would be Rs 54,000, including stamp duty and registration fees.

Where is the Sub Registrar Office for Akshyam located?

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