Guideline Value for ATHAUALLA STREET

Athaualla Street guideline value

The current guideline value of Athaualla Street in Ponneri village, under the Ponneri SRO, is Rs 700 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Athaualla Street has changed

The guideline value for Athaualla Street has undergone significant changes over the years. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. However, in the 2023 revision, the guideline value was set at Rs 300 per sq.ft, which increased to Rs 700 per sq.ft in the 2024 revision, marking a change of +133%.

This increase reflects the updated valuation as per the latest revision. The 2024 figure aligns with the median guideline value for other streets in Ponneri, which ranges from Rs 201 to Rs 1,200 per sq.ft.

Guideline values in Ponneri

In Ponneri village, there are 120 streets under the Ponneri SRO that carry a 2024 guideline value, with the median value being Rs 700 per sq.ft. Athaualla Street's 2024 guideline value is equal to this median.

• Atha Thulla Street: Rs 700 per sq.ft (2024)
• Attrangarai: Rs 900 per sq.ft (2024)
• Avvai Street: Rs 700 per sq.ft (2024)
• Bajanai Kovil Street: Rs 1,200 per sq.ft (2024)
• Arasur Road: Rs 900 per sq.ft (2024)
• Anugraha Nagar: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Athaualla Street

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to 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 charges to Rs 63,000. Please 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 detailed calculations.

Which Sub Registrar Office covers Athaualla Street?

The Sub Registrar Office that covers Athaualla Street is 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

The guideline value is an essential factor when registering property transactions in Ponneri. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the minimum value at which the property can be registered. This ensures transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Athaualla Street?

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

How much did the guideline value change from 2023 to 2024?

The guideline value increased from Rs 300 per sq.ft in 2023 to Rs 700 per sq.ft in 2024, representing a change of +133%.

Which land classification does Athaualla Street fall under?

Athaualla Street falls under the Residential Class II Type - I land classification.

What are the stamp duty and registration fees for a property in Athaualla Street?

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000.

Where is the Sub Registrar Office for Athaualla Street located?

The Sub Registrar Office for Athaualla Street is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.