Guideline Value for Achari Street

Achari Street guideline value

The current guideline value of Achari Street in Irumpedu village, under the Sriperumpudur SRO, is Rs 100 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - I land classification.

How the guideline value of Achari Street has changed

The guideline value of Achari Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 70 per sq.ft. This increased to Rs 47 per sq.ft in the 2017 revision, marking a decrease of 33%. However, the value saw a significant rise to Rs 100 per sq.ft in the 2023 revision, remaining unchanged in the 2024 revision, resulting in an overall increase of 43% from the 2012 figure.

Notably, the revisions for the years 2002, 2003, and 2007 have no figures recorded for Achari Street. The 2023 to 2024 revision showed no change, maintaining the value at Rs 100 per sq.ft.

Guideline values in Irumpedu

In Irumpedu village, there are eight streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 471 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing Achari Street's 2024 figure below this median.

• Arun Nagar: Rs 250 per sq.ft (2024)
• Bajanai Koil Street: Rs 150 per sq.ft (2024)
• Nadu Street: Rs 110 per sq.ft (2024)
• Perumal Koil Street: Rs 110 per sq.ft (2024)
• Rajiniganth Nagar: Rs 250 per sq.ft (2024)
• Sri Kamatchi Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Achari Street

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total fees to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Achari Street?

The Sub Registrar Office that covers Achari Street is 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 Irumpedu

The guideline value is a critical factor during the registration of property transactions in Irumpedu. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official value set by the government.

When buying or selling property, the guideline value will determine the minimum amount on which stamp duty is calculated. Buyers should be aware of the guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Achari Street?

The current guideline value of Achari Street is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 70 per sq.ft in 2012 to Rs 47 per sq.ft in 2017, then increased to Rs 100 per sq.ft in 2023 and maintained at that level in 2024.

What is the land classification of Achari Street?

Achari Street falls under the Residential Class III Type - I land classification.

What are the stamp duty and registration fees for property in Achari Street?

For a 1,000 sq.ft plot at the guideline value of Rs 100 per sq.ft, the total fees would amount to Rs 9,000, including stamp duty and registration fees.

Which office handles registrations for Achari Street?

The Sriperumpudur Sub Registrar Office handles registrations for Achari Street, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.