Guideline Value for Thoppu Street Ward 10

Thoppu Street Ward 10 guideline value

The current guideline value of Thoppu Street Ward 10 in Acharapakkam village is Rs 350 per sq.ft, effective from 1 July 2024. This property falls under the Acchirapakkam SRO and is classified as Residential Class I Type - I.

How the guideline value of Thoppu Street Ward 10 has changed

The guideline value for Thoppu Street Ward 10 has seen several revisions over the years. The most recent revisions show that the guideline value was Rs 350 per sq.ft in both 2023 and 2024, indicating no change between these two years. Prior to that, in 2017, the value was Rs 167 per sq.ft, reflecting a significant increase of 110% from 2017 to 2023. In 2012, the value was Rs 250 per sq.ft, which was a decrease of 33% from the 2017 figure. The 2007 revision recorded a guideline value of Rs 200 per sq.ft, which increased by 25% to reach Rs 250 per sq.ft in 2012. Overall, from 2007 to 2024, the guideline value has increased by 75%.

The register does not have figures for the years 2002 and 2003 for this street. The changes in guideline values over the years reflect the adjustments made by the authorities based on various factors, but specific reasons for these changes are not detailed in the register.

Guideline values in Acharapakkam

In Acharapakkam, there are 61 streets under the Acchirapakkam SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 600 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, placing Thoppu Street Ward 10's 2024 figure below that median.

• Thulasi Garden: Rs 374 per sq.ft (2024)
• Vajirapuram: Rs 250 per sq.ft (2024)
• Varada Reddiar Colony: Rs 400 per sq.ft (2024)
• Venkatesapuram: Rs 400 per sq.ft (2024)
• Venkatesapuram 1st Street Ward 14: Rs 300 per sq.ft (2024)
• Venkatesapuram 2rd Street Ward 15: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Thoppu Street Ward 10

For a 1,000 sq.ft plot at the current rate of Rs 350 per sq.ft, the guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, resulting in a total of Rs 31,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thoppu Street Ward 10?

The Sub Registrar Office that covers Thoppu Street Ward 10 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 plays a crucial role in property transactions in Acharapakkam. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers should be aware that the guideline value is set by the authorities and reflects the minimum value at which a property can be registered.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. It is essential for both parties to refer to the guideline value during negotiations to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Thoppu Street Ward 10?

The current guideline value of Thoppu Street Ward 10 is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, with the most recent revision in 2024 maintaining the value at Rs 350 per sq.ft, the same as in 2023. The value was Rs 167 per sq.ft in 2017, showing a significant increase of 110% by 2023.

What is the land classification for Thoppu Street Ward 10?

Thoppu Street Ward 10 is classified as Residential Class I Type - I, indicating its designation for residential use within the village.

Where can I find the Sub Registrar Office for Thoppu Street Ward 10?

The Sub Registrar Office for Thoppu Street Ward 10 is the Acchirapakkam Sub Registrar Office, 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 3,50,000, the stamp duty at 7% would be Rs 24,500.