Guideline Value for AATHIPARASSAKTHI STREET (WARD-20)

Aathiparassakthi Street (Ward-20) guideline value

The current guideline value of Aathiparassakthi Street (Ward-20) is Rs 881 per sq.ft, effective from 1 July 2024. This street is located in Thailavaram village under the Chengleput Joint Ii SRO, classified as Residential Class I Type - II.

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

The guideline value for Aathiparassakthi Street has undergone several revisions over the years. In 2012, the value was Rs 800 per sq.ft, which remained unchanged until the next revision in 2017 when it dropped to Rs 536 per sq.ft, marking a decrease of 33%. Subsequently, in 2023, the guideline value increased significantly to Rs 800 per sq.ft, and then it rose again to Rs 881 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, there was a notable increase of 49%, bringing the value back to the 2012 level. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thailavaram

Thailavaram village has a total of 132 streets under the Chengleput Joint Ii SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in the village is Rs 770 per sq.ft, placing Aathiparassakthi Street's 2024 figure above this median.

• abi krishna avenue: Rs 880 per sq.ft (2024)
• 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 881 per sq.ft (2024)
• Amman Koil Street (Ward-20): Rs 881 per sq.ft (2024)
• Annai Indra Street (Ward-21): Rs 660 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, the total guideline value amounts to Rs 8,81,000. The stamp duty at 7% would be Rs 61,670, while the registration fee at 2% would be Rs 17,620. Together, these fees total Rs 79,290. 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 accurate calculations based on your specific property details.

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

The Sub Registrar Office that covers Aathiparassakthi Street (Ward-20) is the Chengleput Joint Ii Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thailavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is transparent and fair.

When you register a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

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 881 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then back to Rs 800 per sq.ft in 2023, and finally to Rs 881 per sq.ft in 2024.

What is the land classification for Aathiparassakthi Street?

Aathiparassakthi Street is classified as Residential Class I Type - II under the Chengleput Joint Ii SRO.

How does the guideline value compare with other streets in Thailavaram?

The guideline value of Aathiparassakthi Street at Rs 881 per sq.ft is above the median value of Rs 770 per sq.ft for the 132 streets in Thailavaram.

Where can I find the Sub Registrar Office for Aathiparassakthi Street?

The Chengleput Joint Ii Sub Registrar Office covers Aathiparassakthi Street and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.