Guideline Value for Akash Nagar I

Akash Nagar I guideline value

The current guideline value of Akash Nagar I is Rs 1,210 per sq.ft. This area is located in Thandalam village, under the Pammal SRO, and is classified as Residential Class I Type - I.

How the guideline value of Akash Nagar I has changed

The guideline value for Akash Nagar I has seen several revisions over the years. In 2017, the guideline value was Rs 737 per sq.ft. This increased significantly to Rs 1,100 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the value at Rs 1,210 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. 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 Thandalam

In Thandalam, there are 56 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft. The median value among these streets is Rs 1,210 per sq.ft, which is the same as the current guideline value for Akash Nagar I.

• Akash Nagar Aennex: Rs 1,210 per sq.ft (2024)
• Akash Nagar II: Rs 1,210 per sq.ft (2024)
• Akash Nagar: Rs 1,210 per sq.ft (2024)
• Akash Nagar Thodarchi: Rs 1,210 per sq.ft (2024)
• Aishwaryam Garden: Rs 1,650 per sq.ft (2024)
• Alayam Phase - III: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Akash Nagar I

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value amounts to Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, totaling Rs 1,08,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Akash Nagar I?

The Sub Registrar Office that covers Akash Nagar I is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thandalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of transaction.

When registering a property, the guideline value helps ensure that the transaction is documented at a fair value, which is essential for both the buyer and the seller. This value is used to calculate the applicable fees and taxes, making it an important aspect of property transactions in the area.

Frequently asked questions

What is the current guideline value of Akash Nagar I?

The current guideline value of Akash Nagar I is Rs 1,210 per sq.ft, effective from July 1, 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 737 per sq.ft to Rs 1,210 per sq.ft, marking an overall increase of 64% over the years.

What were the previous guideline values for Akash Nagar I?

The previous guideline values for Akash Nagar I were Rs 737 per sq.ft in 2017 and Rs 1,100 per sq.ft in 2023. There are no figures available for the years 2002, 2003, 2007, and 2012.

What is the stamp duty rate for properties in Akash Nagar I?

The stamp duty rate for properties in Akash Nagar I is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Akash Nagar I?

The Sub Registrar Office for Akash Nagar I is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more details by visiting the appropriate link.