Guideline Value for AATHIPARASSAKTHI STREET (WARD-20)

Aathiparassakthi Street (Ward-20) guideline value

The current guideline value of Aathiparassakthi Street (Ward-20) is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Konathi village and falls under the Chengleput Joint Ii SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Aathiparassakthi Street (Ward-20) has changed

Over the years, the guideline value of Aathiparassakthi Street has seen several revisions. The 2012 revision set the value at Rs 800 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 536 per sq.ft, marking a decline of 33%. The subsequent 2023 revision increased the value to Rs 800 per sq.ft, and the latest 2024 revision raised it further to Rs 880 per sq.ft, reflecting a 10% increase from the previous year.

In total, from the 2017 revision to 2023, the guideline value increased by 49%. Notably, the revisions for the years 2007, 2003, and 2002 have no figures recorded for this street.

Guideline values in Konathi

In Konathi village, there are 131 streets under the Chengleput Joint Ii SRO, with guideline values for 2024 ranging from Rs 440 to Rs 2,500 per sq.ft. The median guideline value in this area is Rs 770 per sq.ft, placing Aathiparassakthi Street's 2024 figure above that median.

• Ambedkar Street Thailavaram (Ward-21): Rs 660 per sq.ft (2024)
• Ambedkar Street (Ward -1): Rs 660 per sq.ft (2024)
• Ambedkar Street (Ward -20): Rs 880 per sq.ft (2024)
• Amman Koil Street (Ward-20): Rs 880 per sq.ft (2024)
• Annai Indra Street (Ward-21): Rs 660 per sq.ft (2024)
• Annai Therasha Street (Ward-20): Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Aathiparassakthi Street (Ward-20)

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Aathiparassakthi Street (Ward-20)?

The Aathiparassakthi Street (Ward-20) falls under the jurisdiction of the Chengleput Joint Ii Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. To find more details, you can find your SRO.

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

The guideline value serves as a benchmark for property transactions in Konathi. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly influences the costs associated with property transactions. Accurate knowledge of these values helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Aathiparassakthi Street (Ward-20)?

The current guideline value of Aathiparassakthi Street (Ward-20) is Rs 880 per sq.ft, effective from 1 July 2024.

How often does the guideline value change?

The guideline value is revised periodically, with the most recent revisions recorded in 2024, 2023, 2017, and 2012 for Aathiparassakthi Street.

What factors influence the guideline value in Konathi?

The guideline value is influenced by various factors, including land classification and the values set for other streets within the same village under the Chengleput Joint Ii SRO.

Where can I find the Chengleput Joint Ii SRO?

The Chengleput Joint Ii SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is stamp duty calculated on property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the registration fees reflect the true value of the property being transacted.