Guideline Value for ATHA THULLA STREET

Atha Thulla Street guideline value

The current guideline value of Atha Thulla Street is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Ponneri_2 village and falls under the Ponneri SRO. It is classified as Residential Class II Type - I.

How the guideline value of Atha Thulla Street has changed

In the 2017 revision, the guideline value was Rs 469 per sq.ft. This figure remained unchanged at Rs 700 per sq.ft during the 2023 revision and continues to be Rs 700 per sq.ft in the 2024 revision. There are no figures available for Atha Thulla Street in the revisions from 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value increased by 49%. However, there was no change from 2023 to 2024, maintaining the value at Rs 700 per sq.ft. Overall, the guideline value has increased by 49% from 2017 to 2024.

Guideline values in Ponneri_2

In Ponneri_2, there are 75 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 1,300 per sq.ft, with a median value of Rs 700 per sq.ft. Atha Thulla Street's 2024 guideline value aligns with this median.

• Bajanai Kovil Street: Rs 1,200 per sq.ft (2024)
• Balaji Nagar: Rs 700 per sq.ft (2024)
• Balaji Nagar Virivakkam: Rs 700 per sq.ft (2024)
• Balammal Nagar: Rs 700 per sq.ft (2024)
• Balammal Street: Rs 702 per sq.ft (2024)
• Balan Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Atha Thulla Street

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the guideline value totals Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total fees to Rs 63,000. 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 Atha Thulla Street?

Atha Thulla Street is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ponneri_2

The guideline value is a crucial factor in the registration process when buying or selling property in Ponneri_2. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When you register a property, the guideline value helps determine the minimum price at which the property can be sold. This ensures transparency in property transactions and helps in maintaining a standard for property valuation in the region.

Frequently asked questions

What is the current guideline value of Atha Thulla Street?

The current guideline value of Atha Thulla Street is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in both the 2023 and 2024 revisions, marking a 49% increase overall from 2017 to 2024.

What is the land classification for Atha Thulla Street?

Atha Thulla Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

Where can I find the registration office for Atha Thulla Street?

The registration office covering Atha Thulla Street is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the stamp duty calculated for properties in Atha Thulla Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 at a rate of 7%.