Guideline Value for Akraharam Street

Akraharam Street guideline value

The current guideline value of Akraharam Street is Rs 1,005 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village, under the Thirukazhukundram SRO, classified as Mixed Type - II.

How the guideline value of Akraharam Street has changed

The guideline value for Akraharam Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,005 per sq.ft, an increase from Rs 1,000 per sq.ft in the 2023 revision. This change represents a 1% increase. Looking further back, the 2017 revision recorded a value of Rs 670 per sq.ft, indicating a substantial increase of 49% from 2017 to 2023. Overall, from 2017 to 2024, the guideline value has increased by 50%.

For the years 2002, 2003, 2007, and 2012, the register has no figure for Akraharam Street.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 1,344 per sq.ft. The median value for these streets is Rs 600 per sq.ft, placing Akraharam Street's 2024 figure above that median.

• Adivaram Street: Rs 1,205 per sq.ft (2024)
• Ammanivasam Thottam: Rs 600 per sq.ft (2024)
• Anna Nagar: Rs 600 per sq.ft (2024)
• Asiriyar Nagar 10th Cross Street: Rs 400 per sq.ft (2024)
• Asiriyar Nagar 11th Cross Street: Rs 400 per sq.ft (2024)
• Asiriyar Nagar 12th Cross Street: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Akraharam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,005 per sq.ft, the total guideline value would be Rs 10,05,000. The stamp duty at 7% would amount to Rs 70,350, and the registration fee at 2% would be Rs 20,100, bringing the total to Rs 90,450. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Akraharam Street?

The Sub Registrar Office that covers Akraharam Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration of property transactions in Thirukalukundrem A. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair price according to the local market standards.

When buying or selling property, the guideline value influences the stamp duty and registration fees that need to be paid. Buyers should be aware that these costs are calculated based on the guideline value or the sale price, whichever is higher, impacting the overall expenses involved in the transaction.

Frequently asked questions

What is the current guideline value of Akraharam Street?

The current guideline value of Akraharam Street is Rs 1,005 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,005 per sq.ft in 2024, marking an overall increase of 50% during this period.

What are the stamp duty and registration fees for properties on Akraharam Street?

For a 1,000 sq.ft property, the total stamp duty and registration fees would amount to Rs 90,450, based on the current guideline value.

Which Sub Registrar Office is responsible for Akraharam Street?

The Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone, covers Akraharam Street.

What is the land classification of Akraharam Street?

Akraharam Street is classified as Mixed Type - II, which indicates the type of land use permitted in this area.