Guideline Value for Achuthan Nagar 6th Cross St

Achuthan Nagar 6th Cross St guideline value

The current guideline value of Achuthan Nagar 6th Cross St is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Ekkaduthangal village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Achuthan Nagar 6th Cross St has changed

The guideline value for Achuthan Nagar 6th Cross St has undergone several revisions over the years. The 2012 revision set the value at Rs 4,500 per sq.ft, which was a decrease of 33% from the previous figure of Rs 3,015 per sq.ft in 2017. The 2023 revision increased the value to Rs 4,500 per sq.ft, and the latest revision in 2024 raised it to Rs 4,950 per sq.ft, marking a 10% increase from the previous year.

In summary, the guideline value has changed significantly from Rs 3,015 per sq.ft in 2017 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of 10% since 2012. The register has no figure for this street in the years 2002, 2003, and 2007.

Guideline values in Ekkaduthangal

In Ekkaduthangal, there are 190 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 3,080 to Rs 8,800 per sq.ft. The median value for these streets is Rs 4,620 per sq.ft, positioning Achuthan Nagar 6th Cross St above this median.

• Achuthan Nagar 2nd, 3rd, 4th, & 5th Cross Street: Rs 4,950 per sq.ft (2024)
• Achuthan Nagar 1st Cross Street: Rs 4,950 per sq.ft (2024)
• Achuthan Nagar: Rs 4,950 per sq.ft (2024)
• Adisan Nagar: Rs 4,620 per sq.ft (2024)
• Agathiar Street: Rs 4,620 per sq.ft (2024)
• Ambal Nagar 1st Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Achuthan Nagar 6th Cross St

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value is Rs 49,50,000. The stamp duty at 7% would be Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, totaling Rs 4,45,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Achuthan Nagar 6th Cross St?

The Sub Registrar Office that covers Achuthan Nagar 6th Cross St is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Ekkaduthangal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the buyer and seller must agree on a sale price, but the guideline value is used to calculate the applicable fees. If the sale price is lower than the guideline value, the fees are based on the guideline value to ensure fair taxation.

Frequently asked questions

What is the current guideline value of Achuthan Nagar 6th Cross St?

The current guideline value of Achuthan Nagar 6th Cross St is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,500 per sq.ft in 2012 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of 10%. The value was Rs 3,015 per sq.ft in 2017 and Rs 4,500 per sq.ft in 2023.

What is the stamp duty rate for properties in Achuthan Nagar 6th Cross St?

The stamp duty rate for properties in Achuthan Nagar 6th Cross St is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Achuthan Nagar 6th Cross St?

The Sub Registrar Office for Achuthan Nagar 6th Cross St is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

What is the land classification for Achuthan Nagar 6th Cross St?

The land classification for Achuthan Nagar 6th Cross St is Residential Class I Type - I, indicating its suitability for residential development.