Guideline Value for Achudhadoss Street

Achudhadoss Street guideline value

The current guideline value of Achudhadoss Street is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Gooduvancheri village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Achudhadoss Street has changed

The guideline value for Achudhadoss Street has seen several revisions over the years. The 2017 revision set the value at Rs 804 per sq.ft. This remained unchanged in the 2023 revision, which also recorded Rs 1,200 per sq.ft. The current 2024 revision maintains this figure, indicating no change from the previous year. Notably, between the 2017 and 2023 revisions, there was a significant increase of 49%.

Overall, from the 2017 revision to the current 2024 revision, the guideline value has increased by 49%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 3,500 per sq.ft, with a median value of Rs 1,500 per sq.ft. The guideline value for Achudhadoss Street is below this median.

• Abdulla theru: Rs 2,001 per sq.ft (2024)
• Aavaas Nagar: Rs 1,500 per sq.ft (2024)
• Ambekar Street: Rs 1,500 per sq.ft (2024)
• Anandhanarayanapuram: Rs 2,000 per sq.ft (2024)
• Annamalai Nagar: Rs 1,200 per sq.ft (2024)
• Arul Nagar: Rs 2,001 per sq.ft (2024)

Stamp duty and registration fee for property in Achudhadoss Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total fees to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Achudhadoss Street?

The Sub Registrar Office covering Achudhadoss Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Gooduvancheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the registration fees and stamp duties are calculated accurately.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. This is essential for legal and financial purposes, as it influences the overall costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Achudhadoss Street?

The current guideline value of Achudhadoss Street is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 1,200 per sq.ft from 2023 to 2024, and it has increased by 49% from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2024.

What is the land classification for Achudhadoss Street?

Achudhadoss Street is classified as Residential Class I Type - I.

What are the registration fees for property transactions?

Registration fees are calculated based on the guideline value. For example, a property valued at Rs 12,00,000 would incur a stamp duty of Rs 84,000 and a registration fee of Rs 24,000.

Where is the Sub Registrar Office for Achudhadoss Street located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.