Guideline Value for Block Development Office Kudiyiruppu Ward 7

Block Development Office Kudiyiruppu Ward 7 guideline value

The current guideline value for Block Development Office Kudiyiruppu Ward 7 in Acharapakkam village is Rs 400 per sq.ft, effective from 1 July 2024. This area falls under the Acchirapakkam SRO and is classified as Residential Special Type - I.

How the guideline value of Block Development Office Kudiyiruppu Ward 7 has changed

The guideline value for this area has undergone several revisions over the years. In 2007, the guideline value was Rs 100 per sq.ft, which increased significantly to Rs 300 per sq.ft in 2012, marking a 200% increase. However, from 2012 to 2017, the value decreased to Rs 201 per sq.ft, reflecting a decline of 33%. The most notable change occurred between 2017 and 2023, where the value jumped to Rs 400 per sq.ft, representing a 99% increase. The guideline value remained stable at Rs 400 per sq.ft from 2023 to 2024, showing no change.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 300%.

Guideline values in Acharapakkam

Acharapakkam village has a total of 61 streets under the Acchirapakkam SRO that carry a guideline value for 2024, ranging from Rs 250 to Rs 600 per sq.ft. The median value is Rs 400 per sq.ft, placing the guideline value of Block Development Office Kudiyiruppu Ward 7 at the median rate.

• Chitheri Ward 6: Rs 350 per sq.ft (2024)
• East Mada Street (a) Easwaran Koil Street Ward 12: Rs 400 per sq.ft (2024)
• Elappakkam Road Ward 8: Rs 250 per sq.ft (2024)
• Gandhi Nagar 1st Street Ward 4: Rs 400 per sq.ft (2024)
• Gandhi Nagar 2nd Street Ward 4: Rs 400 per sq.ft (2024)
• Gandhi Nagar 3rd Street Ward 4: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Block Development Office Kudiyiruppu Ward 7

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Block Development Office Kudiyiruppu Ward 7?

The Block Development Office Kudiyiruppu Ward 7 is covered by the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. You can find your SRO for more assistance.

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

The guideline value is an essential factor in property transactions in Acharapakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration. This ensures that the government receives the appropriate revenue from property transactions.

It is crucial for buyers and sellers to understand the guideline value as it reflects the minimum value at which properties are registered. This value can impact the overall cost of the transaction, making it an important consideration for anyone involved in real estate in the area.

Frequently asked questions

What is the current guideline value for Block Development Office Kudiyiruppu Ward 7?

The current guideline value for Block Development Office Kudiyiruppu Ward 7 is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 400 per sq.ft in 2024, reflecting an overall increase of 300% over the years.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 4,00,000, the total fees would be Rs 36,000.

Which office handles property registrations in Acharapakkam?

The Acchirapakkam Sub Registrar Office handles property registrations in Acharapakkam, located at No.70, Bazzar Street, Acchirapakkam-603301.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that properties are registered at a minimum value, impacting the overall transaction costs.