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

Athiparasakthi Nagar, Thailavaram (Ward-21) guideline value

The current guideline value for Athiparasakthi Nagar, Thailavaram (Ward-21) is Rs 1,980 per sq.ft, effective from 1 July 2024. This area is located in Potheri village and falls under the Chengleput Joint II SRO, with a land classification of Residential Special Type - II.

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

The guideline value for Athiparasakthi Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 1,206 per sq.ft. Following this, the value increased significantly to Rs 1,800 per sq.ft in 2023 and further rose to Rs 1,980 per sq.ft in 2024. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, followed by a substantial increase of 49% from 2017 to 2023. The overall change from 2012 to 2024 shows a modest increase of 10% in the guideline value.

Guideline values in Potheri

Potheri village has a total of 129 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,970 per sq.ft. The median guideline value in this area is Rs 770 per sq.ft, placing Athiparasakthi Nagar's 2024 value 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 amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total charges to Rs 1,78,200. Note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more information on fees.

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

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

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

The guideline value plays a crucial role during property transactions in Potheri, as it is used to determine the stamp duty and registration fees applicable when registering a property. Buyers and sellers must be aware of the guideline value to ensure they are prepared for the associated costs during the transaction.

When a property is sold, the guideline value is considered the minimum value for registration purposes. If the sale price is higher than the guideline value, the stamp duty is calculated based on the sale price instead.

Frequently asked questions

What is the current guideline value for Athiparasakthi Nagar?

The current guideline value for 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 several times, with the most recent increase from Rs 1,800 per sq.ft in 2023 to Rs 1,980 per sq.ft in 2024. The value was Rs 1,206 per sq.ft in 2017 and Rs 1,800 per sq.ft in 2012.

What is the land classification for Athiparasakthi Nagar?

Athiparasakthi Nagar is classified as Residential Special Type - II, which influences the guideline value set for properties in this area.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles the registration of properties in Athiparasakthi Nagar.

How is stamp duty calculated in Potheri?

Stamp duty in Potheri is calculated based on the guideline value or the sale price of the property, whichever is higher. This ensures that the government receives appropriate fees during property transactions.