Guideline Value for AATHISAMY NAGAR EXTN.

Aathisamy Nagar Extn. guideline value

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

How the guideline value of Aathisamy Nagar Extn. has changed

The guideline value for Aathisamy Nagar Extn. has seen several revisions over the years. The earliest recorded figure was Rs 106 per sq.ft in 2003, which increased significantly to Rs 400 per sq.ft in 2007, marking a rise of 277%. In 2012, the value was Rs 1,500 per sq.ft, reflecting a substantial increase of 275% from the previous revision. However, it dropped to Rs 1,005 per sq.ft in 2017, a decrease of 33%. The latest figure before the current one was Rs 1,500 per sq.ft in 2023, which increased to Rs 1,650 per sq.ft in 2024, a rise of 10%.

Overall, from 2003 to 2024, the guideline value has increased by 1457%. It is important to note that there is no figure available for the year 2002 in the register for this street.

Guideline values in Pallikaranai

Pallikaranai has a total of 749 streets under the Chennai South Joint I SRO, with 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 Extn.

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

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 fees together to Rs 1,48,500. 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 details.

Which Sub Registrar Office covers Aathisamy Nagar Extn.?

The Aathisamy Nagar Extn. falls under 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 plays a crucial role in the registration process of property transactions in Pallikaranai. It is used to determine the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When buying or selling a property, the guideline value ensures that the transaction is recorded accurately, reflecting the value of the property as per the government’s assessment. This value is critical for legal documentation and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Aathisamy Nagar Extn.?

The current guideline value of Aathisamy Nagar Extn. 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 106 per sq.ft in 2003 to Rs 1,650 per sq.ft in 2024, which is an overall increase of 1457% over the years.

What are the stamp duty and registration fees for property in Aathisamy Nagar Extn.?

For a 1,000 sq.ft plot, the total guideline value is Rs 16,50,000, with stamp duty at 7% amounting to Rs 1,15,500 and a registration fee at 2% of Rs 33,000, totaling Rs 1,48,500.

Which Sub Registrar Office covers Aathisamy Nagar Extn.?

The Chennai South Joint I Sub Registrar Office covers Aathisamy Nagar Extn., located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the land classification for Aathisamy Nagar Extn.?

The land classification for Aathisamy Nagar Extn. is Residential Class IV Type - I, indicating its designation for residential use.