Guideline Value for Hospital Officials Kudiyippu Ward 7

Hospital Officials Kudiyippu Ward 7 guideline value

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

How the guideline value of Hospital Officials Kudiyippu Ward 7 has changed

The guideline value for Hospital Officials Kudiyippu Ward 7 has undergone several revisions over the years. The earliest recorded revision is from 2007, where the value was Rs 100 per sq.ft. This increased to Rs 300 per sq.ft in 2012, marking a significant rise of 200%. However, the value then decreased to Rs 201 per sq.ft in 2017, which was a decline of 33%. The value saw a substantial increase of 99% to Rs 400 per sq.ft in 2023, and it remained unchanged at Rs 400 per sq.ft in the 2024 revision.

It is important to note that there are no figures available 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, with the 2024 guideline values ranging from Rs 250 to Rs 600 per sq.ft. The median value for these streets is Rs 400 per sq.ft, which is equal to the guideline value for Hospital Officials Kudiyippu Ward 7.

• G.S.T. Road: Rs 400 per sq.ft (2024)
• Jinnah Nagar: Rs 400 per sq.ft (2024)
• Girls Hostel Near Ward 7: Rs 400 per sq.ft (2024)
• 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)

Stamp duty and registration fee for property in Hospital Officials Kudiyippu Ward 7

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, while the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. Please 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 Hospital Officials Kudiyippu Ward 7?

The Sub Registrar Office that covers Hospital Officials Kudiyippu Ward 7 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 is a crucial factor in the registration process when buying or selling property in Acharapakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value for Hospital Officials Kudiyippu Ward 7?

The current guideline value for Hospital Officials Kudiyippu 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 is the classification of land in Hospital Officials Kudiyippu Ward 7?

The land in Hospital Officials Kudiyippu Ward 7 is classified as Residential Special Type - I.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, a property valued at Rs 4,00,000 would incur a total fee of Rs 36,000.

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

The Acchirapakkam Sub Registrar Office is located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. You can find more details through the provided link.