Guideline Value for ATHIPOORISHWARAR KOIL STREET

Athipoorishwarar Koil Street guideline value

The current guideline value of Athipoorishwarar Koil Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Athipoorishwarar Koil Street has changed

The guideline value for Athipoorishwarar Koil Street has seen several revisions over the years. In 2002, the value was Rs 103 per sq.ft, which increased to Rs 121 per sq.ft in 2003, marking a rise of 17%. The value then jumped significantly to Rs 400 per sq.ft in 2007, reflecting a 231% increase. By 2012, the guideline value reached Rs 1,500 per sq.ft, an increase of 275% from the previous revision. However, it saw a decline of 33% to Rs 1,005 per sq.ft in 2017. The most recent revision in 2024 set the value at Rs 1,650 per sq.ft, representing a 64% increase from 2017.

It is important to note that the register has no figure for this street in 2023. Overall, from 2002 to 2024, the guideline value has increased by 1502%.

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median value is Rs 1,650 per sq.ft, which is equal to the current guideline value of Athipoorishwarar Koil Street.

• Athimoolam Nagar: Rs 1,650 per sq.ft (2024)
• Astalakshmi Nagar Aveune 3st Cross St: Rs 2,750 per sq.ft (2024)
• Astalakshmi Nagar Avenue 2st Cross St: Rs 2,750 per sq.ft (2024)
• Astalakshmi Nagar Avenue 1st Cross St: Rs 2,750 per sq.ft (2024)
• Astalakshmi Nagar Avenue: Rs 2,750 per sq.ft (2024)
• Auto Nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Athipoorishwarar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Athipoorishwarar Koil Street?

The Sub Registrar Office covering Athipoorishwarar Koil Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pallikaranai. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When a property is sold, the sale price must be equal to or higher than the guideline value for registration purposes. If the sale price is lower than the guideline value, the higher amount will be used to calculate the stamp duty and registration fees, ensuring compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Athipoorishwarar Koil Street?

The current guideline value of Athipoorishwarar Koil Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly over the years, with an overall increase of 1502% from Rs 103 per sq.ft in 2002 to Rs 1,650 per sq.ft in 2024.

What are the other streets in Pallikaranai with their guideline values?

Other streets in Pallikaranai include Athimoolam Nagar at Rs 1,650 per sq.ft, various Astalakshmi Nagar avenues at Rs 2,750 per sq.ft, and Auto Nagar at Rs 1,320 per sq.ft.

Where can I find the Sub Registrar Office for Athipoorishwarar Koil Street?

The Sub Registrar Office for Athipoorishwarar Koil Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the stamp duty calculated for properties in Pallikaranai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 16,50,000, the stamp duty would be calculated on this amount if the sale price is lower.