Guideline Value for A.T.A Nagar

A.T.A Nagar guideline value

The current guideline value of A.T.A Nagar, located in Puthur village under the Tambaram Joint 1 SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - V.

How the guideline value of A.T.A Nagar has changed

The guideline value for A.T.A Nagar has undergone several revisions over the years. In the 2017 revision, the value was set at Rs 670 per sq.ft. This figure increased significantly to Rs 1,000 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 saw another increase, bringing the guideline value to Rs 1,100 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Puthur

Puthur village has a total of 63 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 4,600 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, which is equal to the current guideline value of A.T.A Nagar.

• Ashok Nagar: Rs 1,100 per sq.ft (2024)
• ALS Nagar: Rs 1,100 per sq.ft (2024)
• Aiyanar Avenue: Rs 330 per sq.ft (2024)
• Chithrammal Nagar: Rs 770 per sq.ft (2024)
• Ebinezer Street: Rs 770 per sq.ft (2024)
• Eden Garden: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in A.T.A Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees together to Rs 99,000. It is important to note that the 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 A.T.A Nagar?

The Sub Registrar Office that covers A.T.A Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Puthur

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

When a property is registered, the guideline value is used to calculate the applicable duties, ensuring that the transaction is recorded at a standardized value. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of A.T.A Nagar?

The current guideline value of A.T.A Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, representing an overall increase of 64% over this period.

What is the land classification for A.T.A Nagar?

A.T.A Nagar is classified as Residential Special Type - V.

What are the stamp duty and registration fees for property in A.T.A Nagar?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 99,000.

Which office handles property registrations for A.T.A Nagar?

The Tambaram Joint 1 Sub Registrar Office handles property registrations for A.T.A Nagar, located at No.26, Mes Road, East Tambaram, Chennai-600059.