Guideline Value for Akash Nagar Thodarchi

Akash Nagar Thodarchi guideline value

The current guideline value of Akash Nagar Thodarchi is Rs 1,210 per sq.ft, effective from 1 July 2024. This property is located in Thandalam village under the Pammal Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Akash Nagar Thodarchi has changed

The guideline value for Akash Nagar Thodarchi has seen several revisions over the years. The earliest recorded figure is from 2017, which was Rs 737 per sq.ft. This value increased to Rs 1,100 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,210 per sq.ft, reflecting 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 there are no recorded 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 guideline value for these streets is Rs 1,210 per sq.ft, which is equal to the current guideline value for Akash Nagar Thodarchi.

• Akash Nagar II: Rs 1,210 per sq.ft (2024)
• Akash Nagar I: Rs 1,210 per sq.ft (2024)
• Akash Nagar Aennex: Rs 1,210 per sq.ft (2024)
• Akash Nagar: 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 Thodarchi

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value would be 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, making the total charges together 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.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Akash Nagar Thodarchi?

The Sub Registrar Office that covers Akash Nagar Thodarchi 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 an essential reference for property transactions in Thandalam. It is used to determine the stamp duty and registration fees during the buying or selling process. When a property is registered, the guideline value is considered to ensure that the appropriate taxes are paid.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price. The registration office will charge duty based on the higher of the two values, ensuring that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of Akash Nagar Thodarchi?

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

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 64%, from Rs 737 per sq.ft to Rs 1,210 per sq.ft in 2024.

What was the guideline value in 2023?

The guideline value in 2023 was Rs 1,100 per sq.ft, which represents a 10% increase from the 2024 value.

Which office handles registrations for Akash Nagar Thodarchi?

The Pammal Sub Registrar Office handles registrations for Akash Nagar Thodarchi, located on Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the stamp duty calculated for properties in Akash Nagar Thodarchi?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 12,10,000 would incur a stamp duty of Rs 84,700.