Guideline Value for Akshaya Homes

Akshaya Homes guideline value

The current guideline value of Akshaya Homes in Nandhivaram village is Rs 3,500 per sq.ft, effective from 1 July 2024. This property falls under the Gooduvancheri SRO and is classified as Commercial Class I Type - I.

How the guideline value of Akshaya Homes has changed

Looking back at the revisions, the guideline value for Akshaya Homes was Rs 3,500 per sq.ft in both the 2023 and 2024 revisions, showing no change between these years. The previous revision in 2017 set the value at Rs 2,345 per sq.ft, indicating a significant increase of 49% from 2017 to 2023. The 2012 revision also had a value of Rs 3,500 per sq.ft, which means there was a decrease of 33% from 2012 to 2017.

Overall, from the 2012 revision to the 2024 revision, the guideline value remains unchanged at Rs 3,500 per sq.ft. The register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Nandhivaram

In Nandhivaram, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft, with a median value of Rs 1,500 per sq.ft. The guideline value for Akshaya Homes is above this median.

• A.L.S. Avenue: Rs 1,000 per sq.ft (2024)
• A.L.S. Avenue Extn: Rs 1,000 per sq.ft (2024)
• Ambal Nagar: Rs 1,500 per sq.ft (2024)
• Adiparasakthi Nagar: Rs 1,500 per sq.ft (2024)
• Ambedkar Nagar: Rs 1,500 per sq.ft (2024)
• Abhay Avenue: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Akshaya Homes

For a 1,000 sq.ft plot at the current guideline value of Rs 3,500 per sq.ft, the total guideline value is Rs 35,00,000. The stamp duty at 7% amounts to Rs 2,45,000, and the registration fee at 2% is Rs 70,000, bringing the total to Rs 3,15,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Akshaya Homes?

The Akshaya Homes property is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process for buying or selling property in Nandhivaram. It determines the minimum value at which the property can be registered, ensuring that the transaction is recorded accurately in accordance with government regulations.

When a property is sold, the buyer must pay stamp duty and registration fees based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Akshaya Homes?

The current guideline value of Akshaya Homes is Rs 3,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 3,500 per sq.ft in both 2023 and 2024. The value increased from Rs 2,345 per sq.ft in 2017 to Rs 3,500 per sq.ft in 2023.

What is the classification of Akshaya Homes?

Akshaya Homes is classified as Commercial Class I Type - I, which reflects its intended use and regulatory framework.

What are the stamp duty and registration fees for Akshaya Homes?

For a 1,000 sq.ft plot, the total guideline value is Rs 35,00,000. The stamp duty at 7% is Rs 2,45,000, and the registration fee at 2% is Rs 70,000, totaling Rs 3,15,000.

Which Sub Registrar Office covers Nandhivaram?

The Gooduvancheri Sub Registrar Office covers Nandhivaram, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone.