Guideline Value for Akshyam -I

Akshyam -I guideline value

The current guideline value of Akshyam -I is Rs 600 per sq.ft. This property is located in Vallam_B village, under the Sriperumpudur SRO, and is classified as Residential Special Type - I.

How the guideline value of Akshyam -I has changed

The guideline value for Akshyam -I has seen several revisions over the years. The 2017 revision set the rate at Rs 335 per sq.ft, which remained unchanged at Rs 600 per sq.ft in the 2023 revision. The current 2024 revision also maintains this rate of Rs 600 per sq.ft, indicating no change from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 79%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

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 among these streets is Rs 400 per sq.ft, placing Akshyam -I's 2024 figure above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees together 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Akshyam -I?

The Sub Registrar Office that covers Akshyam -I 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 when buying or selling property in Vallam_B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When registering a property, the buyer must pay the applicable stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Akshyam -I?

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

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 79%, from Rs 335 per sq.ft to Rs 600 per sq.ft in both the 2023 and 2024 revisions.

What is the land classification for Akshyam -I?

Akshyam -I is classified as Residential Special Type - I, which indicates its intended use for residential purposes.

What are the stamp duty and registration fees for a property in Akshyam -I?

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000. These fees are based on the guideline value.

Where can I find the Sub Registrar Office for Akshyam -I?

The Sub Registrar Office for Akshyam -I is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information by visiting the provided link.