Guideline Value for S M AKSHAYA NAGAR EXTENSION

S M Akshaya Nagar Extension guideline value

The current guideline value of S M Akshaya Nagar Extension is Rs 2,239 per sq.ft, as per the 2023 revision. This area falls under the Gooduvancheri SRO and is classified as Mixed Special Type - II.

How the guideline value of S M Akshaya Nagar Extension has changed

In the 2017 revision, the guideline value was Rs 1,500 per sq.ft. The most recent revision in 2023 shows an increase to Rs 2,239 per sq.ft, marking a significant change of +49% over the six-year period. The register has no figures for the years 2024, 2012, 2007, 2003, and 2002 for this street.

This indicates that the guideline value has seen substantial growth from the 2017 revision to the current rate in 2023. The absence of figures from earlier revisions suggests that the valuation for S M Akshaya Nagar Extension has been relatively stable in the past, with notable changes occurring only in recent years.

Guideline values in Kolapakkam

Currently, there are no village figures provided for Kolapakkam. S M Akshaya Nagar Extension is one of the streets under the Gooduvancheri SRO.

Stamp duty and registration fee for property in S M Akshaya Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 2,239 per sq.ft, the total guideline value amounts to Rs 22,39,000. The stamp duty at 7% would be Rs 1,56,730, and the registration fee at 2% would be Rs 44,780, bringing the total fees together to Rs 2,01,510. It is important to note that 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 S M Akshaya Nagar Extension?

The S M Akshaya Nagar Extension is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Kolapakkam. It serves as a benchmark for calculating the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the stamp duty is charged on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions based on established valuations.

Frequently asked questions

What is the current guideline value of S M Akshaya Nagar Extension?

The current guideline value of S M Akshaya Nagar Extension is Rs 2,239 per sq.ft, as per the 2023 revision.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,500 per sq.ft in 2017 to Rs 2,239 per sq.ft in 2023, which is a change of +49% over six years.

What is the land classification for S M Akshaya Nagar Extension?

S M Akshaya Nagar Extension is classified as Mixed Special Type - II, which indicates the type of development permissible in the area.

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

For a property valued at Rs 22,39,000, the stamp duty would be Rs 1,56,730 and the registration fee would be Rs 44,780, totaling Rs 2,01,510. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Gooduvancheri Sub Registrar Office?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can also find your SRO online.