Guideline Value for SRI AATCHISWARAR NAGAR

Sri Aatchiswarar Nagar guideline value

The current guideline value of Sri Aatchiswarar Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This locality is situated in Acharapakkam village under the Acchirapakkam SRO, classified as Residential Special Type - I.

How the guideline value of Sri Aatchiswarar Nagar has changed

The guideline value for Sri Aatchiswarar Nagar has remained consistent at Rs 400 per sq.ft from the 2023 revision to the 2024 revision, showing no percentage change. Prior to this, the register has no figure for the years 2017, 2012, 2007, 2003, and 2002, indicating that there have been no recorded values for this street in those revisions.

In the 2024 revision, the guideline value is set at Rs 400 per sq.ft, which is equal to the median value of Rs 400 per sq.ft for the 61 streets in Acharapakkam under the Acchirapakkam SRO. The 2023 revision also recorded the same figure of Rs 400 per sq.ft, resulting in no change between the two years.

Guideline values in Acharapakkam

Acharapakkam has a range of guideline values for its streets, with figures varying from Rs 250 to Rs 600 per sq.ft. The median value for the area is Rs 400 per sq.ft, which aligns with the current guideline value for Sri Aatchiswarar Nagar. Below are the guideline values for other streets in Acharapakkam:

• South Mada Street (Bajanai Koil Street) Ward 13: Rs 400 per sq.ft (2024)
• Sri Lakshmi Narasimma Garden: Rs 374 per sq.ft (2024)
• Rukmani Garden Extension: Rs 402 per sq.ft (2024)
• Rukmani Garden: Rs 523 per sq.ft (2024)
• Thoppu Street Ward 10: Rs 350 per sq.ft (2024)
• Thulasi Garden: Rs 374 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Aatchiswarar Nagar

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, calculated at 7%, would be Rs 28,000, while the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Aatchiswarar Nagar?

The Sub Registrar Office that covers Sri Aatchiswarar Nagar 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 during the registration of property transactions in Acharapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all parties involved have a clear understanding of the financial obligations associated with the transaction.

Frequently asked questions

What is the current guideline value of Sri Aatchiswarar Nagar?

The current guideline value of Sri Aatchiswarar Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Aatchiswarar Nagar has remained at Rs 400 per sq.ft since the 2023 revision, with no change noted. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value in Acharapakkam?

The median guideline value in Acharapakkam is Rs 400 per sq.ft, which is the same as the current value for Sri Aatchiswarar Nagar.

What are the stamp duty rates in Sri Aatchiswarar Nagar?

The stamp duty rate for properties in Sri Aatchiswarar Nagar is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sri Aatchiswarar Nagar?

The Acchirapakkam Sub Registrar Office, which covers Sri Aatchiswarar Nagar, is located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.