Guideline Value for SM AKSHAYA NAGAR

Sm Akshaya Nagar guideline value

The current guideline value of Sm Akshaya Nagar is Rs 1,000 per sq.ft, as per the 2023 revision. This area is located in Kolapakkam village under the Gooduvancheri SRO, classified as Commercial Class I Type - II.

How the guideline value of Sm Akshaya Nagar has changed

Looking at the revisions, the guideline value for Sm Akshaya Nagar was Rs 670 per sq.ft in the 2017 revision. The latest revision in 2023 shows an increase to Rs 1,000 per sq.ft, marking a change of +49% from the previous figure.

It is important to note that there are no figures available for the years 2024, 2012, 2007, 2003, and 2002 for this street in the register. Therefore, the only figures we have are from 2017 and 2023.

Guideline values in Kolapakkam

Currently, there are no specific village figures available for Kolapakkam. Sm Akshaya Nagar is part of the Kolapakkam area, and there are no other streets in Kolapakkam under the Gooduvancheri SRO listed in the available data.

Stamp duty and registration fee for property in Sm Akshaya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, making the total cost Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Sm Akshaya Nagar?

The Sub Registrar Office that covers Sm Akshaya Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, 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 Kolapakkam

The guideline value is a crucial factor when registering property transactions in Kolapakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When you buy or sell a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sm Akshaya Nagar?

The current guideline value of Sm Akshaya Nagar is Rs 1,000 per sq.ft, as per the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 670 per sq.ft to Rs 1,000 per sq.ft, reflecting a change of +49%.

Are there any guideline values for previous years?

The guideline value register does not provide figures for the years 2024, 2012, 2007, 2003, and 2002 for Sm Akshaya Nagar.

What are the stamp duty and registration fees for a property in Sm Akshaya Nagar?

For a 1,000 sq.ft plot valued at Rs 10,00,000, the stamp duty would be Rs 70,000, and the registration fee would be Rs 20,000, totaling Rs 90,000.

Which office should I approach for registration in Sm Akshaya Nagar?

The Gooduvancheri Sub Registrar Office is responsible for registrations in Sm Akshaya Nagar. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.