Guideline Value for Achari Street

Achari Street guideline value

The current guideline value of Achari Street in Podavoor village is Rs 300 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 Achari Street has changed

Looking at the revisions, the guideline value for Achari Street has remained consistent at Rs 300 per sq.ft from the 2023 revision to the 2024 revision, showing no change. Prior to that, the 2017 revision recorded a guideline value of Rs 201 per sq.ft, which was a significant increase of 49% from the previous 2012 revision, which also had a guideline value of Rs 300 per sq.ft.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Achari Street. Overall, from the 2012 revision to the 2024 revision, the guideline value has not changed, remaining at Rs 300 per sq.ft.

Guideline values in Podavoor

In Podavoor, there are 20 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 181 to Rs 600 per sq.ft, with a median value of Rs 250 per sq.ft. Achari Street's 2024 guideline value of Rs 300 per sq.ft is above this median.

• Ambethkar Street: Rs 181 per sq.ft (2024)
• Anubav Green Land: Rs 600 per sq.ft (2024)
• Anubav Green Rich Village: Rs 600 per sq.ft (2024)
• Ayyar Street: Rs 181 per sq.ft (2024)
• Bajanai Kovil Street: Rs 300 per sq.ft (2024)
• Chemman Kuttai Street: Rs 181 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 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total cost for these fees to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, 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 Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property in Podavoor. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value serves as a reference point for both parties involved. Buyers should be aware of the guideline value to ensure they are not overpaying, while sellers must understand how it affects their pricing strategy during negotiations.

Frequently asked questions

What is the current guideline value of Achari Street?

The current guideline value of Achari Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2023 to 2024. It increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2012, but the overall change from 2012 to 2024 is 0%.

What is the land classification for Achari Street?

Achari Street is classified as Residential Special Type - III, which indicates its use and development potential within the area.

Where can I find the Sub Registrar Office for Achari Street?

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

How is stamp duty calculated for properties in Achari Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total fees would be Rs 27,000, which includes both stamp duty and registration fees.