Guideline Value for South Mada Street (Bajanai Koil Street) Ward 13

South Mada Street (Bajanai Koil Street) Ward 13 guideline value

The current guideline value of South Mada Street (Bajanai Koil Street) Ward 13 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 South Mada Street (Bajanai Koil Street) Ward 13 has changed

Over the years, the guideline value for South Mada Street has seen several revisions. The earliest recorded figure is from the 2007 revision, which was Rs 200 per sq.ft. This increased to Rs 300 per sq.ft in 2012, marking a 50% rise. However, there was a decrease to Rs 201 per sq.ft in 2017, which is a reduction of 33%. The value then saw a significant increase to Rs 400 per sq.ft in 2023, maintaining the same rate in the 2024 revision, indicating no change from the previous year.

The register has no figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 100%.

Guideline values in Acharapakkam

Acharapakkam 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 among these streets is Rs 400 per sq.ft, which is equal to the 2024 figure for South Mada Street (Bajanai Koil Street).

• Sri Aatchiswarar Nagar: 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)
• Railway Kudiyeruppu Ward 9: Rs 250 per sq.ft (2024)
• Thoppu Street Ward 10: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in South Mada Street (Bajanai Koil Street) Ward 13

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. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers South Mada Street (Bajanai Koil Street) Ward 13?

The Sub Registrar Office that covers South Mada Street (Bajanai Koil Street) Ward 13 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 critical factor in property transactions in Acharapakkam. It serves as a reference point for determining the minimum value at which a property can be registered. Buyers and sellers should be aware that the guideline value is used to calculate the stamp duty and registration fees during the property registration process.

When a property is sold, the sale price must be at least equal to the guideline value to ensure proper registration. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of South Mada Street (Bajanai Koil Street) Ward 13?

The current guideline value of South Mada Street (Bajanai Koil Street) Ward 13 is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 200 per sq.ft in 2007, increasing to Rs 300 in 2012, and then to Rs 201 in 2017. It rose significantly to Rs 400 in 2023 and has remained the same in 2024.

What is the land classification for South Mada Street?

South Mada Street (Bajanai Koil Street) Ward 13 is classified as Residential Special Type - I.

Where can I find the Sub Registrar Office for South Mada Street?

The Sub Registrar Office for South Mada Street (Bajanai Koil Street) Ward 13 is located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Acharapakkam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 4,00,000, the stamp duty at 7% would be Rs 28,000.