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 Vallancheri village and falls under the Chengleput Joint II SRO. The land classification for this locality is 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 was reduced to Rs 1,206 per sq.ft. This was a decrease of 33%. In 2023, the value increased to Rs 1,800 per sq.ft, and in the latest 2024 revision, it rose further to Rs 1,980 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%, bringing the value back to the 2012 level. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vallancheri

In Vallancheri, there are 134 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 825 per sq.ft, positioning Athiparasakthi Nagar 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, 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.

You can use the stamp duty and registration fee calculator for more detailed calculations.

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 Vallancheri

The guideline value is a crucial factor in property transactions, as it is used to determine the stamp duty and registration fees applicable during the sale or purchase of property. When registering a property, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties.

It ensures that the government receives the correct revenue from property transactions. Buyers and sellers should be aware of the guideline value in their respective areas to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Athiparasakthi Nagar, Thailavaram (Ward-21)?

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. This reflects a 10% increase from 2023 to 2024.

What is the land classification for Athiparasakthi Nagar?

The land classification for Athiparasakthi Nagar, Thailavaram (Ward-21) is Residential Special Type - II. This classification indicates the intended use of the land within the locality.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200. The duty is calculated based on the higher of the guideline value or the sale price.

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

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