Guideline Value for Akshayam -III

Akshayam -III guideline value

The current guideline value of Akshayam -III is Rs 600 per sq.ft, effective from 1 July 2024. This property is located in Vallam_B village under the Sriperumpudur SRO, classified as Residential Special Type - I.

How the guideline value of Akshayam -III has changed

The guideline value for Akshayam -III has seen several revisions over the years. The most recent revision in 2024 maintains the value at Rs 600 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision set the value at Rs 335 per sq.ft, marking a significant increase of 79% from 2017 to 2023, and an overall increase of 79% from 2017 to 2024.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The guideline value has remained stable at Rs 600 per sq.ft from 2023 to 2024, indicating no change in this period.

Guideline values in Vallam_B

In Vallam_B, there are 73 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,950 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing Akshayam -III's 2024 figure above this median.

• Akshayam-II: Rs 600 per sq.ft (2024)
• Akshyam: Rs 600 per sq.ft (2024)
• Akshayam -I: Rs 600 per sq.ft (2024)
• Alliance villa Belvedere: Rs 1,950 per sq.ft (2024)
• Bajanai Koil Street: Rs 200 per sq.ft (2024)
• Balaji Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Akshayam -III

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total to Rs 54,000. 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 Akshayam -III?

The Sub Registrar Office that covers Akshayam -III is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Vallam_B, the guideline value is a crucial reference for determining the registration charges. It is used to calculate the stamp duty and registration fees, ensuring that the transaction is in compliance with government regulations.

Both buyers and sellers should be aware that the guideline value may differ from the actual sale price. The higher of the two values will be used to calculate the applicable duties and fees during the registration process.

Frequently asked questions

What is the current guideline value of Akshayam -III?

The current guideline value of Akshayam -III is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft for both the 2023 and 2024 revisions. It increased from Rs 335 per sq.ft in 2017, marking a 79% increase over the period.

What is the land classification for Akshayam -III?

Akshayam -III is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Akshayam -III?

The Sub Registrar Office for Akshayam -III is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Vallam_B?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. This ensures that the registration fees reflect the true value of the transaction.