Guideline Value for Akshayam-II

Akshayam-II guideline value

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

How the guideline value of Akshayam-II has changed

The guideline value for Akshayam-II has remained consistent at Rs 600 per sq.ft from the 2023 revision to the 2024 revision, reflecting a 0% change. Prior to this, the 2017 revision set the guideline value at Rs 335 per sq.ft, marking a significant increase of 79% to the current rate over the period from 2017 to 2024.

For the years 2002, 2003, 2007, and 2012, the register has no figure for this street. The 2017 revision was the first to establish a guideline value for Akshayam-II, which has since seen no change in the 2023 and 2024 revisions.

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 guideline value in this village is Rs 400 per sq.ft, placing Akshayam-II above this median with its current value of Rs 600 per sq.ft.

• Akshayam -III: Rs 600 per sq.ft (2024)
• Akshyam: Rs 600 per sq.ft (2024)
• Akshyam -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-II

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total 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 fees to Rs 54,000. 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 information.

Which Sub Registrar Office covers Akshayam-II?

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

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

The guideline value plays a crucial role in the registration process for property transactions in Vallam_B. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property in the area.

When selling property, the guideline value helps establish a baseline for the transaction, ensuring that the registration reflects the official value set by the authorities. This ensures transparency and compliance with local regulations during property transfers.

Frequently asked questions

What is the current guideline value of Akshayam-II?

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

How much has the guideline value changed over the years?

The guideline value has remained the same at Rs 600 per sq.ft from the 2023 revision to the 2024 revision. From the 2017 revision to the 2024 revision, it has increased by 79% from Rs 335 per sq.ft.

What is the classification of land in Akshayam-II?

Akshayam-II is classified as Residential Special Type - I, indicating its intended use for residential purposes within the village.

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

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

How is stamp duty calculated for properties in Akshayam-II?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value incurs a total fee of Rs 54,000, which includes stamp duty and registration fees.