Guideline Value for ATHIPATTU COLONY

Athipattu Colony guideline value

The current guideline value of Athipattu Colony, located in Athipattu village under the Thiruvottiyur SRO, is Rs 330 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Athipattu Colony has changed

The guideline value for Athipattu Colony has undergone several revisions over the years. The earliest recorded revision is from 2017, where the guideline value was Rs 201 per sq.ft. This increased to Rs 300 per sq.ft in the 2023 revision, marking a 49% increase. The latest revision in 2024 has set the guideline value at Rs 330 per sq.ft, which is a 10% increase from the previous year.

For the overall period from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Athipattu

Athipattu village has a total of 108 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 462 per sq.ft. The median guideline value for these streets is Rs 330 per sq.ft, which is equal to the current guideline value for Athipattu Colony.

• Athipattu New Town: Rs 330 per sq.ft (2024)
• Ashoka Puram: Rs 330 per sq.ft (2024)
• Arokiya Nagar: Rs 330 per sq.ft (2024)
• Balaji Nagar: Rs 330 per sq.ft (2024)
• Balamurugan Nagar: Rs 330 per sq.ft (2024)
• Annai Avenue: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Athipattu Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total fees to Rs 29,700. The duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Athipattu Colony?

The Sub Registrar Office that covers Athipattu Colony is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Athipattu. It serves as a benchmark for assessing the value of the property and determining the applicable stamp duty and registration fees.

When a property transaction occurs, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the registration fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Athipattu Colony?

The current guideline value of Athipattu Colony is Rs 330 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 201 per sq.ft to Rs 330 per sq.ft in 2024, marking an overall increase of 64%.

What is the land classification for Athipattu Colony?

Athipattu Colony is classified as Residential Class I Type - I, which indicates its designation for residential purposes.

Where can I find the Sub Registrar Office for Athipattu Colony?

The Sub Registrar Office for Athipattu Colony is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the stamp duty calculated in Athipattu Colony?

Stamp duty in Athipattu Colony is calculated based on the higher of the guideline value or the sale price. For instance, for a property valued at Rs 3,30,000, the stamp duty would be Rs 23,100 at 7%.