Guideline Value for ATHIPARASAKTHI NAGART (CHEN)

Athiparasakthi Nagart (Chen) guideline value

The current guideline value of Athiparasakthi Nagart (Chen) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Sengundram - 1 village under the Chengleput Joint II SRO, classified as Residential Class I Type - III.

How the guideline value of Athiparasakthi Nagart (Chen) has changed

The guideline value for Athiparasakthi Nagart (Chen) has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 660 per sq.ft, an increase from Rs 600 per sq.ft in 2023, reflecting a 10% rise. Prior to that, in 2017, the guideline value was Rs 402 per sq.ft, marking a significant 49% increase to the 2023 figure. The 2012 revision also recorded a value of Rs 600 per sq.ft, which was a decrease of 33% from the 2017 figure.

Notably, there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%, indicating some fluctuations in the values over the years.

Guideline values in Sengundram - 1

In Sengundram - 1, there are 126 streets under the Chengleput Joint II SRO with guideline values ranging from Rs 660 to Rs 3,285 per sq.ft, with a median value of Rs 880 per sq.ft. The guideline value for Athiparasakthi Nagart (Chen) is below this median.

• Ats Twin Avenue Phase-I: Rs 660 per sq.ft (2024)
• Ats Twin Avenue Phase-II: Rs 660 per sq.ft (2024)
• Arun Excello Constructions Llp Compact Homes Urmika: Rs 1,100 per sq.ft (2024)
• Bajanai Koil Street (Chen): Rs 660 per sq.ft (2024)
• Annai Mookambigai Nagar (Chen): Rs 880 per sq.ft (2024)
• Anna Builders (Chen): Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Athiparasakthi Nagart (Chen)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, leading to a total cost of Rs 59,400. 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 precise calculations.

Which Sub Registrar Office covers Athiparasakthi Nagart (Chen)?

The Sub Registrar Office that covers Athiparasakthi Nagart (Chen) is 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 information.

How the guideline value is used when you buy or sell in Sengundram - 1

The guideline value is a crucial factor during the registration process of property transactions in Sengundram - 1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. It is essential for both buyers and sellers to be aware of the current guideline value to facilitate a smooth transaction process.

Frequently asked questions

What is the current guideline value of Athiparasakthi Nagart (Chen)?

The current guideline value of Athiparasakthi Nagart (Chen) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes: it was Rs 600 per sq.ft in 2023, Rs 402 per sq.ft in 2017, and Rs 600 per sq.ft in 2012. The overall change from 2012 to 2024 is an increase of 10%.

What is the median guideline value in Sengundram - 1?

The median guideline value in Sengundram - 1 is Rs 880 per sq.ft, while Athiparasakthi Nagart (Chen) is below this median at Rs 660 per sq.ft.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Tamil Nadu is generally set at 7%. This rate is applied to the higher of the guideline value or the sale price of the property.

Where is the Chengleput Joint II Sub Registrar Office located?

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