Guideline Value for Aachariyar Street

Aachariyar Street guideline value

The current guideline value of Aachariyar Street in Molachoor village is Rs 600 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Special Type - III.

How the guideline value of Aachariyar Street has changed

Over the years, the guideline value for Aachariyar Street has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged in the 2023 revision. However, the 2017 revision marked a decrease to Rs 402 per sq.ft, reflecting a -33% change from the 2012 figure. From 2017 to 2023, there was a significant increase of +49%, bringing the value back to Rs 600 per sq.ft.

As of the 2024 revision, the guideline value remains at Rs 600 per sq.ft, showing no change from the previous year. The register has no figures for the years 2007, 2003, and 2002 for this street.

Guideline values in Molachoor

In Molachoor, there are 112 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 2,000 per sq.ft. The median guideline value is Rs 600 per sq.ft, which is equal to the 2024 figure for Aachariyar Street.

• A.J Garden: Rs 600 per sq.ft (2024)
• A.J Nagar: Rs 600 per sq.ft (2024)
• Alphonse Avenue: Rs 605 per sq.ft (2024)
• Amavasai Pattai: Rs 450 per sq.ft (2024)
• Anandam Kabaleeswarar Co-Operative Nagar: Rs 600 per sq.ft (2024)
• Angalamman Kovil Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Aachariyar Street

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, leading to a total cost of 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 Aachariyar Street?

The Sub Registrar Office that covers Aachariyar Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Molachoor. It is used to determine the stamp duty and registration fees that must be paid at the time of registration.

When a property is sold, the guideline value serves as a benchmark for assessing the value of the transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with registration requirements and to accurately calculate the associated costs.

Frequently asked questions

What is the current guideline value of Aachariyar Street?

The current guideline value of Aachariyar Street 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 since the 2012 revision, with a decrease to Rs 402 per sq.ft in 2017, followed by an increase of +49% to return to Rs 600 per sq.ft in 2023.

What is the land classification for Aachariyar Street?

Aachariyar Street is classified as Residential Special Type - III under the Sunguvarchattram SRO.

Where can I find the registration office for Aachariyar Street?

The registration office for Aachariyar Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Molachoor?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000, leading to a stamp duty of Rs 42,000 at 7%.