Guideline Value for Akshaya Boomi Lake View

Akshaya Boomi Lake View guideline value

The current guideline value of Akshaya Boomi Lake View is Rs 450 per sq.ft, effective from 1 July 2024. This property is located in Nallur village under the Sriperumpudur Sub Registrar Office (SRO). The land classification for this area is Mixed Type - I.

How the guideline value of Akshaya Boomi Lake View has changed

Over the years, the guideline value for Akshaya Boomi Lake View has experienced several revisions. The most recent revision in 2024 maintains the value at Rs 450 per sq.ft, which is consistent with the 2023 revision. Prior to this, the value was Rs 450 per sq.ft in 2012, and Rs 301 per sq.ft in 2017. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From the 2017 revision to the 2023 revision, there was a significant increase of 50%. However, the value decreased by 33% from 2012 to 2017. Overall, when comparing the values from 2012 to 2024, there has been no change, as both years reflect a guideline value of Rs 450 per sq.ft.

Guideline values in Nallur

Nallur village has a total of 33 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 126 to Rs 700 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, indicating that Akshaya Boomi Lake View's 2024 figure is above the median.

• Bajanai Koil Street: Rs 250 per sq.ft (2024)
• Balaji nagar: Rs 250 per sq.ft (2024)
• Chelladurai Garden: Rs 175 per sq.ft (2024)
• Dharmasastha Nagar: Rs 350 per sq.ft (2024)
• HiTech City: Rs 175 per sq.ft (2024)
• Indira Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Akshaya Boomi Lake View

For a 1,000 sq.ft plot at the current guideline value of Rs 450 per sq.ft, the total guideline value amounts to Rs 4,50,000. The stamp duty, calculated at 7%, would be Rs 31,500, and the registration fee at 2% would be Rs 9,000, bringing the total fees to Rs 40,500. 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 our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Akshaya Boomi Lake View?

The Akshaya Boomi Lake View property falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Nallur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. These fees are essential for the legal transfer of property ownership and are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Akshaya Boomi Lake View?

The current guideline value of Akshaya Boomi Lake View is Rs 450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained consistent at Rs 450 per sq.ft from 2012 to 2024, with a previous increase from Rs 301 per sq.ft in 2017 to Rs 450 per sq.ft in 2023.

What is the land classification for Akshaya Boomi Lake View?

The land classification for Akshaya Boomi Lake View is Mixed Type - I, indicating a diverse use of land in the area.

Where can I find the Sub Registrar Office for Akshaya Boomi Lake View?

The Sub Registrar Office covering Akshaya Boomi Lake View is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Nallur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 4,50,000, the stamp duty would be Rs 31,500 at a rate of 7%.