Guideline Value for Police Line Street Ward 11

Police Line Street Ward 11 guideline value

The current guideline value of Police Line Street Ward 11 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 Police Line Street Ward 11 has changed

The guideline value for Police Line Street Ward 11 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, there was a decrease to Rs 201 per sq.ft in 2017. The most recent revisions in 2023 and 2024 have maintained the guideline value at Rs 400 per sq.ft, showing no change from the previous year.

From 2017 to 2023, the guideline value increased by 99%. The overall change from 2007 to 2024 is an increase of 100%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Acharapakkam

Acharapakkam village has a total of 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 is Rs 400 per sq.ft, making the guideline value of Police Line Street Ward 11 equal to this median.

• Railway Kudiyeruppu Ward 9: Rs 250 per sq.ft (2024)
• Pallipattu Salai Ward 8: Rs 400 per sq.ft (2024)
• Othavadai Street: Rs 400 per sq.ft (2024)
• Othavadai Extension Ward 8: Rs 400 per sq.ft (2024)
• Om Sakthi Nagar Ward 9: Rs 400 per sq.ft (2024)
• North Colony: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Police Line Street Ward 11

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the 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, bringing the total to Rs 36,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Police Line Street Ward 11?

The Sub Registrar Office that covers Police Line Street Ward 11 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 an important factor when buying or selling property in Acharapakkam, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

When registering a property, the guideline value or the sale price is considered, depending on which is higher. This ensures that the state receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Police Line Street Ward 11?

The current guideline value of Police Line Street Ward 11 is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 200 per sq.ft in 2007 to Rs 400 per sq.ft in 2024, showing an overall increase of 100% over the years.

What are the other streets in Acharapakkam with similar guideline values?

Other streets in Acharapakkam with similar guideline values include Pallipattu Salai Ward 8, Othavadai Street, Othavadai Extension Ward 8, and Om Sakthi Nagar Ward 9, all valued at Rs 400 per sq.ft in 2024.

What is the stamp duty rate for property in Acharapakkam?

The stamp duty rate for property in Acharapakkam is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Police Line Street Ward 11?

The Sub Registrar Office for Police Line Street Ward 11 is located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.