Guideline Value for Adhiparasakthi Nagar Gandhi Nagar East Nedunchalai

Adhiparasakthi Nagar Gandhi Nagar East Nedunchalai guideline value

The current guideline value for Adhiparasakthi Nagar Gandhi Nagar East Nedunchalai is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Acharapakkam village and falls under the Acchirapakkam SRO. The land classification is Residential Special Type - I.

How the guideline value of Adhiparasakthi Nagar Gandhi Nagar East Nedunchalai has changed

The guideline value for Adhiparasakthi Nagar Gandhi Nagar East Nedunchalai has seen several revisions over the years. The earliest recorded revision was in 2007, with a guideline value of Rs 200 per sq.ft. This increased to Rs 300 per sq.ft in 2012, marking a 50% rise. However, it then decreased to Rs 201 per sq.ft in 2017, reflecting a decline of 33%. The value saw a significant increase of 99% to Rs 400 per sq.ft in 2023, which remained unchanged in the 2024 revision.

Notably, the register does not contain figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 100%.

Guideline values in Acharapakkam

Acharapakkam village has a total of 61 streets under the Acchirapakkam SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 600 per sq.ft. The median value for these streets is Rs 400 per sq.ft, making the guideline value for Adhiparasakthi Nagar Gandhi Nagar East Nedunchalai equal to this median.

• Block Development Office Kudiyiruppu Ward 7: Rs 400 per sq.ft (2024)
• Chitheri Ward 6: Rs 350 per sq.ft (2024)
• East Mada Street (a) Easwaran Koil Street Ward 12: Rs 400 per sq.ft (2024)
• Elappakkam Road Ward 8: Rs 250 per sq.ft (2024)
• Gandhi Nagar 1st Street Ward 4: Rs 400 per sq.ft (2024)
• Gandhi Nagar 2nd Street Ward 4: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Adhiparasakthi Nagar Gandhi Nagar East Nedunchalai

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total cost for these fees to Rs 36,000. It is important to note that 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 more detailed calculations.

Which Sub Registrar Office covers Adhiparasakthi Nagar Gandhi Nagar East Nedunchalai?

The Sub Registrar Office that covers Adhiparasakthi Nagar Gandhi Nagar East Nedunchalai is the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Acharapakkam. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must be aware of this value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to assess the associated costs, which can affect the overall transaction. It is essential for both parties to understand how this value impacts their financial obligations during the sale or purchase of property.

Frequently asked questions

What is the current guideline value for Adhiparasakthi Nagar Gandhi Nagar East Nedunchalai?

The current guideline value for Adhiparasakthi Nagar Gandhi Nagar East Nedunchalai is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 400 per sq.ft in 2024, reflecting a 100% increase over this period.

What is the land classification for this area?

The land classification for Adhiparasakthi Nagar Gandhi Nagar East Nedunchalai is Residential Special Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Adhiparasakthi Nagar Gandhi Nagar East Nedunchalai is the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.

How are stamp duty and registration fees calculated for properties in this area?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 400 per sq.ft, the total fees would amount to Rs 36,000.