Guideline Value for ATHIPARASAKTHI NAGAR, THAILAVARAM (WARD-21)

Athiparasakthi Nagar, Thailavaram (Ward-21) guideline value

The current guideline value of Athiparasakthi Nagar, Thailavaram (Ward-21) is Rs 1,980 per sq.ft, effective from 1 July 2024. This area falls under Konathi village and is classified as Residential Special Type - II, managed by the Chengleput Joint II SRO.

How the guideline value of Athiparasakthi Nagar, Thailavaram (Ward-21) has changed

The guideline value for Athiparasakthi Nagar has seen several revisions over the years. In 2012, the value was Rs 1,800 per sq.ft, which then decreased to Rs 1,206 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,800 per sq.ft in 2023, and then further rose to the current rate of Rs 1,980 per sq.ft in 2024. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 49%. The overall change from 2012 to 2024 shows a modest increase of 10%.

Guideline values in Konathi

In Konathi village, there are 131 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,500 per sq.ft. The median value in this area is Rs 770 per sq.ft, placing Athiparasakthi Nagar's 2024 figure above this median.

• Avvaiyar Street (Ward-20): Rs 880 per sq.ft (2024)
• Arun Execello Estancia Residential Apts (Ward -1): Rs 2,200 per sq.ft (2024)
• Bajanai Koil Street, Korukanthankal (Ward-20): Rs 770 per sq.ft (2024)
• Bajanaikoil Street, Potheri East (Ward -1): Rs 770 per sq.ft (2024)
• Bajanaikoil Street, Potheri (Ward-1): Rs 770 per sq.ft (2024)
• Bajanai Koil Street Vallancheri (Ward -1): Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Athiparasakthi Nagar, Thailavaram (Ward-21)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, leading to a total of Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Athiparasakthi Nagar, Thailavaram (Ward-21)?

The Sub Registrar Office that covers Athiparasakthi Nagar, Thailavaram (Ward-21) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Konathi, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

Additionally, the guideline value helps maintain transparency in real estate transactions, providing both buyers and sellers with a clear understanding of property values in the area. This ensures that all parties are aware of the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Athiparasakthi Nagar?

The current guideline value of Athiparasakthi Nagar, Thailavaram (Ward-21) is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the land classification of Athiparasakthi Nagar?

Athiparasakthi Nagar is classified as Residential Special Type - II, indicating its suitability for residential development.

What is the registration office for Athiparasakthi Nagar?

The registration office for Athiparasakthi Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is stamp duty calculated for properties in Athiparasakthi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, on a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 at a rate of 7%.