Guideline Value for East Mada Street (a) Easwaran Koil Street Ward 12

East Mada Street (a) Easwaran Koil Street Ward 12 guideline value

The current guideline value for East Mada Street (a) Easwaran Koil Street Ward 12 is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Acharapakkam village and falls under the Acchirapakkam SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of East Mada Street (a) Easwaran Koil Street Ward 12 has changed

The guideline value for East Mada Street (a) Easwaran Koil Street Ward 12 has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased to Rs 300 per sq.ft in 2012. However, this value decreased by 33% to Rs 201 per sq.ft in 2017. Since then, there has been a significant increase of 99%, bringing the value back to Rs 400 per sq.ft in 2023, which remained unchanged in the 2024 revision.

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 100%.

Guideline values in Acharapakkam

In Acharapakkam, there are 61 streets under the Acchirapakkam SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 600 per sq.ft. The median value among these streets is Rs 400 per sq.ft, which is equal to the current guideline value for East Mada Street (a) Easwaran Koil Street Ward 12.

• 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)
• Gandhi Nagar 4th Street Ward 4: Rs 400 per sq.ft (2024)
• Gandhi Nagar 5th Street Ward 4: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in East Mada Street (a) Easwaran Koil Street Ward 12

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers East Mada Street (a) Easwaran Koil Street Ward 12?

The Sub Registrar Office that covers East Mada Street (a) Easwaran Koil Street Ward 12 is the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Acharapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these charges are based on the guideline value or the sale price, whichever is higher, to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value for East Mada Street (a) Easwaran Koil Street Ward 12?

The current guideline value for East Mada Street (a) Easwaran Koil Street Ward 12 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 several times, starting from Rs 200 per sq.ft in 2007 to Rs 300 per sq.ft in 2012, then decreasing to Rs 201 per sq.ft in 2017. It increased to Rs 400 per sq.ft in both 2023 and 2024.

What is the land classification for East Mada Street?

The land classification for East Mada Street (a) Easwaran Koil Street Ward 12 is Residential Special Type - I.

Where can I find the Sub Registrar Office for this area?

The Acchirapakkam Sub Registrar Office covers East Mada Street (a) Easwaran Koil Street Ward 12, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.

How is stamp duty calculated for properties in Acharapakkam?

Stamp duty for properties in Acharapakkam is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 4,00,000 would incur a stamp duty of Rs 28,000 at a rate of 7%.