Guideline Value for ATHILAKSHMI NAGAR

Athilakshmi Nagar guideline value

The current guideline value of Athilakshmi Nagar, located in Nanthiambakkam village under the Thiruvottiyur SRO, is Rs 330 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Athilakshmi Nagar has changed

The guideline value for Athilakshmi Nagar has seen several revisions over the years. In 2003, the guideline value was Rs 39 per sq.ft, which increased to Rs 50 per sq.ft in 2007. This marked a significant rise of 28%. The value then surged by 500% to reach Rs 300 per sq.ft in 2012. However, it decreased to Rs 201 per sq.ft in 2017, reflecting a decline of 33%. The subsequent revision in 2023 set the value at Rs 300 per sq.ft, followed by a 10% increase to Rs 330 per sq.ft in 2024.

Overall, from 2003 to 2024, the guideline value has increased by 746%. It is important to note that the register has no figure for the year 2002 for this street.

Guideline values in Nanthiambakkam

In Nanthiambakkam, there are 85 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 275 to Rs 770 per sq.ft. The median value for these streets is Rs 330 per sq.ft, which is the same as the guideline value for Athilakshmi Nagar.

• Arulmigu Kongiamman Nagar/Ext: Rs 385 per sq.ft (2024)
• Balaji Nagar: Rs 330 per sq.ft (2024)
• Anna Nagar: Rs 330 per sq.ft (2024)
• Balamurugan Nagar /Avenue: Rs 330 per sq.ft (2024)
• Annai Rathinamani Nagar/Avenue: Rs 330 per sq.ft (2024)
• Annai Avenue: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Athilakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600, making the total fees together Rs 29,700. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Athilakshmi Nagar?

The Sub Registrar Office that covers Athilakshmi Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nanthiambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that both parties are aware of the financial obligations involved in the transaction. This helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Athilakshmi Nagar?

The current guideline value of Athilakshmi Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 39 per sq.ft in 2003 to Rs 330 per sq.ft in 2024, reflecting an overall increase of 746% over the years.

What are the stamp duty rates for properties in Athilakshmi Nagar?

The stamp duty for properties in Athilakshmi Nagar is 7% of the guideline value, while the registration fee is 2% of the guideline value.

Which office registers property transactions in Athilakshmi Nagar?

The Thiruvottiyur Sub Registrar Office is responsible for registering property transactions in Athilakshmi Nagar.

What is the land classification of Athilakshmi Nagar?

Athilakshmi Nagar is classified as Residential Special Type - II, which influences the guideline value and property transactions in the area.