Guideline Value for Acker (Anger) Jason Street

Acker (Anger) Jason Street guideline value

The current guideline value of Acker (Anger) Jason Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Muthiyalpet village under the Sowcarpet SRO, classified as Residential Class I Type - I.

How the guideline value of Acker (Anger) Jason Street has changed

The guideline value for Acker (Anger) Jason Street has seen several revisions over the years. The earliest recorded figure is from 2003, where the guideline value was Rs 982 per sq.ft. This increased to Rs 1,200 per sq.ft in 2007, showing a rise of 22%. In 2012, it was recorded at Rs 4,000 per sq.ft, which was a significant increase of 233%. However, the value dropped to Rs 2,680 per sq.ft in 2017, reflecting a decrease of 33%. The guideline value then increased substantially to Rs 4,000 per sq.ft in 2023, and further rose by 10% to the current value of Rs 4,400 per sq.ft in 2024.

From 2017 to 2023, there was a notable increase of 49%. The overall change from the 2003 revision to the 2024 revision is an impressive 348%. It is important to note that there is no recorded figure for Acker (Anger) Jason Street in the 2002 revision.

Guideline values in Muthiyalpet

Muthiyalpet village has a total of 357 streets under the Sowcarpet SRO, with guideline values ranging from Rs 3,800 to Rs 16,500 per sq.ft. The median guideline value in this area is Rs 4,400 per sq.ft, which matches the current guideline value of Acker (Anger) Jason Street.

• Acharappan Street: Rs 8,800 per sq.ft (2024)
• Acharappan Lane: Rs 8,800 per sq.ft (2024)
• Acharappan 2nd Lane: Rs 8,800 per sq.ft (2024)
• Acharappan 1st Lane: Rs 8,800 per sq.ft (2024)
• Amarsingh Lala Lane: Rs 4,400 per sq.ft (2024)
• Amarsingh Lala Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Acker (Anger) Jason Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, resulting in a total of Rs 3,96,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Acker (Anger) Jason Street?

The Sub Registrar Office that covers Acker (Anger) Jason Street is the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Muthiyalpet. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to calculate the applicable fees. This value is essential for both parties involved in the transaction, as it influences the overall cost and legal obligations associated with the property transfer.

Frequently asked questions

What is the current guideline value of Acker (Anger) Jason Street?

The current guideline value of Acker (Anger) Jason Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 982 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 348% over the years.

What is the land classification for Acker (Anger) Jason Street?

Acker (Anger) Jason Street is classified as Residential Class I Type - I.

Where is the Sowcarpet Sub Registrar Office located?

The Sowcarpet Sub Registrar Office is located at No.11, Davidson Street, Sowcarpet, Chennai-01.

How is stamp duty calculated for properties in Muthiyalpet?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property valued at Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at 7%.