Guideline Value for SRI AKSHAYA GARDEN

Sri Akshaya Garden guideline value

The current guideline value of Sri Akshaya Garden is Rs 400 per sq.ft, effective from 1 July 2024. This property is located in Uthukkadu - A village under the Walajabad SRO, and is classified as Residential Special Type - II.

How the guideline value of Sri Akshaya Garden has changed

Looking at the revisions, the guideline value for Sri Akshaya Garden was Rs 268 per sq.ft in 2017. It remained unchanged at Rs 400 per sq.ft in the 2023 revision and again in the 2024 revision, indicating a 49% increase from 2017 to 2023, and an overall increase of 49% from 2017 to 2024.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The 2024 revision shows a 0% change from the previous year, 2023, which also had a figure of Rs 400 per sq.ft.

Guideline values in Uthukkadu - A

In Uthukkadu - A, there are 38 streets under the Walajabad SRO that have a 2024 guideline value ranging from Rs 200 to Rs 800 per sq.ft, with a median of Rs 350 per sq.ft. Sri Akshaya Garden's 2024 figure is above this median.

• Sri Balaji Avenue: Rs 771 per sq.ft (2024)
• Sri Hari Nagar: Rs 300 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 350 per sq.ft (2024)
• Sri Lakshmi Narasima Perumal Nagar: Rs 350 per sq.ft (2024)
• Sri Lakshmi Narasimma Perumal Nagar: Rs 350 per sq.ft (2024)
• Srinath Nagar: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Akshaya Garden

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, totaling 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 Sri Akshaya Garden?

Sri Akshaya Garden falls under the Walajabad Sub Registrar Office located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Uthukkadu - A

The guideline value is a crucial factor during the registration of property transactions in Uthukkadu - A. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded accurately in the government records.

When buying or selling property, it is essential to be aware of the guideline value as it affects the overall cost of the transaction. Buyers should ensure that the sale price is not below the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Sri Akshaya Garden?

The current guideline value of Sri Akshaya Garden 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 Akshaya Garden has remained at Rs 400 per sq.ft since 2023. It increased from Rs 268 per sq.ft in 2017, marking a 49% increase overall from 2017 to 2024.

What are the guideline values of other streets in Uthukkadu - A?

Other streets in Uthukkadu - A have varying guideline values, ranging from Rs 200 to Rs 800 per sq.ft. For example, Sri Balaji Avenue is valued at Rs 771 per sq.ft, while Sri Hari Nagar is at Rs 300 per sq.ft.

Where can I find the Walajabad Sub Registrar Office?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. It handles the registration of properties in the area.

How is stamp duty calculated for properties in Sri Akshaya Garden?

Stamp duty for properties in Sri Akshaya Garden is calculated at 7% of the guideline value or the sale price, whichever is higher. Registration fees are additionally charged at 2% of the guideline value.