Guideline Value for AATHISAMY NAGAR 2ND CROSS STREET

Aathisamy Nagar 2nd Cross Street guideline value

The current guideline value of Aathisamy Nagar 2nd Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Aathisamy Nagar 2nd Cross Street has changed

The guideline value for Aathisamy Nagar 2nd Cross Street has seen several revisions over the years. In 2012, the guideline value was Rs 1,500 per sq.ft, which changed to Rs 1,005 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,500 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,650 per sq.ft, which is a 10% increase from the previous year’s value of Rs 1,500 per sq.ft.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Pallikaranai

Pallikaranai has a total of 749 streets under the Chennai South Joint I SRO, with the 2024 guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, which is equal to the current guideline value of Aathisamy Nagar 2nd Cross Street.

• Aathisamy Nagar 1st Cross Street: Rs 1,650 per sq.ft (2024)
• Aathisamy Nagar 2nd Street: Rs 1,650 per sq.ft (2024)
• Aathisamy Nagar: Rs 1,650 per sq.ft (2024)
• Aathisamy Nagar Extn.: Rs 1,650 per sq.ft (2024)
• Aathi Nagar Main Road: Rs 1,650 per sq.ft (2024)
• Aathi Nagar Cross Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Aathisamy Nagar 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that stamp duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Aathisamy Nagar 2nd Cross Street?

The Aathisamy Nagar 2nd Cross Street is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Pallikaranai. When you buy or sell property, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration. This ensures that the government receives the appropriate revenue based on the property’s value.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. Understanding the guideline value can help in planning the financial aspects of buying or selling property in the area.

Frequently asked questions

What is the current guideline value of Aathisamy Nagar 2nd Cross Street?

The current guideline value of Aathisamy Nagar 2nd Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for Aathisamy Nagar 2nd Cross Street?

The land classification for Aathisamy Nagar 2nd Cross Street is Residential Class IV Type - I.

What is the stamp duty for a property in Aathisamy Nagar 2nd Cross Street?

The stamp duty for a property valued at Rs 16,50,000 would be Rs 1,15,500, calculated at 7% of the guideline value.

Where can I find the Sub Registrar Office for Aathisamy Nagar 2nd Cross Street?

The Sub Registrar Office covering Aathisamy Nagar 2nd Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.