Guideline Value for A.T.M. NAGAR

A.T.M. Nagar guideline value

The current guideline value of A.T.M. Nagar, located in Pakkam village under the Ponneri SRO, is Rs 100 per sq.ft. This value is effective from the 2024 revision, which will be implemented on 1 July 2024. The land classification for this area is Residential Class II Type - I.

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

Over the years, the guideline value of A.T.M. Nagar has seen several revisions. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged until the 2023 revision. In 2017, the value was Rs 67 per sq.ft, reflecting a decrease of 33% from the 2012 figure. From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 100 per sq.ft. The 2024 revision also maintains this value, resulting in a 0% change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the only recorded revisions are from 2012, 2017, 2023, and the upcoming 2024 revision.

Guideline values in Pakkam

In Pakkam village, there are six streets under the Ponneri SRO that carry a 2024 guideline value, all set at Rs 100 per sq.ft. The median value for these streets is also Rs 100 per sq.ft, which is equal to the guideline value of A.T.M. Nagar.

• Dreem City: Rs 100 per sq.ft (2024)
• Moon City Annex: Rs 100 per sq.ft (2024)
• New Sun City: Rs 100 per sq.ft (2024)
• Sri Parvathy Amman Nagar: Rs 100 per sq.ft (2024)
• Thirumalai Nagar: Rs 100 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value is Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, making the total fees together Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers A.T.M. Nagar?

The Sub Registrar Office that covers A.T.M. Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Pakkam. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded accurately and that the appropriate fees are collected. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft from 2012 to 2024, with a decrease to Rs 67 per sq.ft in 2017 before increasing again to Rs 100 per sq.ft in 2023.

Which Sub Registrar Office is responsible for A.T.M. Nagar?

The Ponneri Sub Registrar Office is responsible for A.T.M. Nagar, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

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

For a plot of 1,000 sq.ft at the current guideline value, the total stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000.

How is the guideline value determined for properties in Pakkam?

The guideline value is determined by the Registration Department's guideline value register and is revised periodically based on various factors. The current value reflects the market conditions and land classification.