Guideline Value for Akash Ganga Residency

Akash Ganga Residency guideline value

The current guideline value of Akash Ganga Residency is Rs 1,500 per sq.ft. This property is located in Melakottyur village, under the Gooduvancheri SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Akash Ganga Residency has changed

The guideline value for Akash Ganga Residency has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 1,005 per sq.ft. This figure increased to Rs 1,500 per sq.ft in the 2023 revision, marking a change of +49% from the previous revision. The register has no figures for the years 2024, 2012, 2007, 2003, and 2002 for this street.

To summarize, the only available figures for Akash Ganga Residency are from the 2017 and 2023 revisions, reflecting the increasing guideline value over this period. The absence of figures for other years indicates that there have been no recorded changes in the guideline value for this property during those times.

Guideline values in Melakottyur

Currently, there are no specific village figures available for Melakottyur. The Akash Ganga Residency guideline value sits at Rs 1,500 per sq.ft. As there are no other streets in Melakottyur under the Gooduvancheri SRO, this section does not list additional streets.

Stamp duty and registration fee for property in Akash Ganga Residency

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty, charged at 7%, would be Rs 1,05,000, while the registration fee at 2% would be Rs 30,000. Together, these fees amount to Rs 1,35,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Akash Ganga Residency?

The Akash Ganga Residency is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Melakottyur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to be aware of the current guideline value to ensure compliance with legal requirements. This value is updated periodically, reflecting changes in the real estate landscape, and serves as a benchmark for property transactions within the area.

Frequently asked questions

What is the current guideline value of Akash Ganga Residency?

The current guideline value of Akash Ganga Residency is Rs 1,500 per sq.ft as per the 2023 revision.

How much has the guideline value changed over the years?

From the 2017 revision to the 2023 revision, the guideline value increased from Rs 1,005 per sq.ft to Rs 1,500 per sq.ft, reflecting a change of +49%.

Are there any guideline values for years other than 2017 and 2023?

The register has no figures for the years 2024, 2012, 2007, 2003, and 2002 for Akash Ganga Residency, indicating no recorded changes during those years.

What are the stamp duty and registration fees for Akash Ganga Residency?

For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000, totaling Rs 1,35,000.

Which office handles the registration for properties in Akash Ganga Residency?

The Gooduvancheri Sub Registrar Office handles the registration for properties in Akash Ganga Residency, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.