Guideline Value for Akilandeeswari Nagar

Akilandeeswari Nagar guideline value

The current guideline value of Akilandeeswari Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This locality is situated in Adhanoor village, under the jurisdiction of the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Akilandeeswari Nagar has changed

Over the years, the guideline value of Akilandeeswari Nagar has seen several revisions. The 2007 revision set the value at Rs 300 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in the 2012 revision. However, this value saw a decrease to Rs 670 per sq.ft in the 2017 revision. The subsequent revisions in 2023 and 2024 maintained the guideline value at Rs 1,000 per sq.ft, reflecting no change from the previous year.

From the 2017 revision to the 2023 revision, there was an increase of 49%. The overall change from the 2007 revision to the 2024 revision is a substantial increase of 233%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 670 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 1,000 per sq.ft, which is equal to the current value of Akilandeeswari Nagar.

• Akilandeshwari Nagar Part -II: Rs 1,000 per sq.ft (2024)
• Akilandeswari Nagar Part-I: Rs 1,000 per sq.ft (2024)
• Alcon Nagar: Rs 1,000 per sq.ft (2024)
• Alwin Nagar: Rs 1,000 per sq.ft (2024)
• Alwin Nagar Extn: Rs 1,000 per sq.ft (2024)
• Aarthi Avenue: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Akilandeeswari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees together to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Akilandeeswari Nagar?

The Akilandeeswari Nagar area falls under 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 further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Adhanoor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property transaction occurs, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Akilandeeswari Nagar?

The current guideline value of Akilandeeswari Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most significant change being from Rs 300 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, followed by a drop to Rs 670 per sq.ft in 2017. The value has remained stable at Rs 1,000 per sq.ft in both 2023 and 2024.

What is the land classification for Akilandeeswari Nagar?

Akilandeeswari Nagar is classified as Residential Special Type - I, indicating its suitability for residential developments.

Where can I find the registration office for Akilandeeswari Nagar?

The registration office for Akilandeeswari Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Akilandeeswari Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 10,00,000, the stamp duty at 7% would be Rs 70,000, along with a registration fee of 2% amounting to Rs 20,000.