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 Thailavaram village and is classified as Residential Special Type - II, registered with the Chengleput Joint II SRO.

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

The guideline value has seen 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 dropped to Rs 1,206 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,800 per sq.ft, a rise of 49%. The most recent revision in 2024 has further increased the value to Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Thailavaram

In Thailavaram, there are 132 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 770 per sq.ft. Athiparasakthi Nagar's 2024 guideline value is above this median.

• Avvaiyar Street (Ward-20): Rs 881 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, while the registration fee at 2% would be Rs 39,600. Together, these fees would total 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 details, 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 information.

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

The guideline value plays a crucial role in the registration of property transactions in Thailavaram. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value set by the state.

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 back 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 under the Chengleput Joint II SRO.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2% of the same. For example, for a property valued at Rs 19,80,000, the total fees would amount to Rs 1,78,200.

Where can I find the Sub Registrar Office for Athiparasakthi Nagar?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details by visiting the appropriate link.