Guideline Value

Corporate

Guideline Value for Akshya Colony

₹7100/sq.ft.

The guideline value for Akshya Colony in Mugappair village (Konnur SRO, Chennai zone) is Rs 7100 per sq.ft, effective 1 July 2024. It was Rs 6500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mugappair

Village

Konnur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹7100 /sq.ft.
From 1-4-2023 ₹6500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4355 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹451 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹410 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Register Office , Villivakkam Panchat,union Office Complex ,dunlop Bus Stop ,ambattur ,chennai
044-26173020
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]

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Akshya Colony guideline value

The current guideline value of Akshya Colony, located in Mugappair village under the Konnur SRO, is Rs 7,100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Akshya Colony has changed

Over the years, the guideline value of Akshya Colony has seen significant changes. The earliest recorded revision is from 2002, where the value was Rs 410 per sq.ft. This increased to Rs 451 per sq.ft in 2003, marking a 10% rise. The value then surged to Rs 1,200 per sq.ft in 2007, reflecting a substantial increase of 166%. In 2012, the guideline value was Rs 6,500 per sq.ft, which was a decrease of 33% from the previous revision. The 2017 revision saw the value return to Rs 4,355 per sq.ft, increasing by 49% from 2012. The guideline value then rose to Rs 6,500 per sq.ft in 2023, before reaching the current figure of Rs 7,100 per sq.ft in 2024, which is a 9% increase.

There are no figures available for the revisions in years other than those listed. Overall, from 2002 to 2024, the guideline value has increased by 1632%.

Guideline values in Mugappair

Mugappair village has a total of 224 streets under the Konnur SRO, with the 2024 guideline values ranging from Rs 3,300 to Rs 8,800 per sq.ft. The median guideline value for the area is Rs 7,100 per sq.ft, which is the same as the current value for Akshya Colony.

Stamp duty and registration fee for property in Akshya Colony

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, totaling Rs 6,39,000. 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 detailed calculations.

Which Sub Registrar Office covers Akshya Colony?

The Sub Registrar Office that covers Akshya Colony is the Konnur Sub Registrar Office. The address is Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Mugappair. It is used to calculate the stamp duty and registration fees that are payable when a property is bought or sold. Buyers should be aware that the duty is charged on the higher of the guideline value and the sale price.

When purchasing property, it is essential to consider the guideline value as it directly impacts the overall cost of registration. Ensuring that the property is registered at the correct guideline value helps in maintaining transparency and legality in real estate transactions.

Frequently asked questions

What is the current guideline value of Akshya Colony?

The current guideline value of Akshya Colony is Rs 7,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 410 per sq.ft in 2002 to Rs 7,100 per sq.ft in 2024, an overall increase of 1632%.

What are the stamp duty rates for property in Akshya Colony?

The stamp duty rate for property in Akshya Colony is 7% of the guideline value or the sale price, whichever is higher.

Where is the Konnur Sub Registrar Office located?

The Konnur Sub Registrar Office is located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What other streets have guideline values in Mugappair?

Other streets in Mugappair include A.K.R. New Nagar at Rs 3,800 per sq.ft, AIBEOA Nagar at Rs 7,100 per sq.ft, and several streets in Ambattur Industrial Estate at Rs 6,600 per sq.ft.