Guideline Value for Girls Hostel Near Ward 7

Girls Hostel Near Ward 7 guideline value

The current guideline value for Girls Hostel Near Ward 7, located in Acharapakkam village under the Acchirapakkam SRO, is Rs 400 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Special Type - I land classification.

How the guideline value of Girls Hostel Near Ward 7 has changed

Since the earliest recorded revision in 2007, the guideline value has seen significant changes. In 2007, the value was Rs 100 per sq.ft, which increased to Rs 300 per sq.ft in 2012, marking a 200% rise. However, it decreased to Rs 201 per sq.ft in 2017, a drop of 33%. The value then surged to Rs 400 per sq.ft in both 2023 and 2024, reflecting a 99% increase from the previous revision.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. The guideline value has remained stable from 2023 to 2024, showing no percentage change.

Guideline values in Acharapakkam

Acharapakkam village has 61 streets under the Acchirapakkam SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 600 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for Girls Hostel Near Ward 7 aligns with this median.

• Gandhi Nagar (Extention): Rs 400 per sq.ft (2024)
• Gandhi Nagar 5th Street Ward 4: Rs 400 per sq.ft (2024)
• Gandhi Nagar 4th Street Ward 4: Rs 400 per sq.ft (2024)
• Gandhi Nagar 3rd Street Ward 4: Rs 400 per sq.ft (2024)
• Gandhi Nagar 2nd Street Ward 4: Rs 400 per sq.ft (2024)
• Gandhi Nagar 1st Street Ward 4: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Girls Hostel Near Ward 7

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, making the total cost Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Girls Hostel Near Ward 7?

The Girls Hostel Near Ward 7 falls under the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a critical factor during property registration in Acharapakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duties and registration fees.

When buying or selling property, the guideline value serves as a benchmark for the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements and to accurately calculate the associated fees.

Frequently asked questions

What is the current guideline value for Girls Hostel Near Ward 7?

The current guideline value for Girls Hostel Near 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 significantly from Rs 100 per sq.ft in 2007 to Rs 400 per sq.ft in 2024, representing an overall increase of 300% over the years.

What is the land classification for Girls Hostel Near Ward 7?

The land classification for Girls Hostel Near Ward 7 is Residential Special Type - I.

Where can I find the Acchirapakkam Sub Registrar Office?

The Acchirapakkam Sub Registrar Office is located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.

How is stamp duty calculated for property in Acharapakkam?

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 Rs 400 per sq.ft would incur a total guideline value of Rs 4,00,000, leading to a stamp duty of Rs 28,000.