Guideline Value for ATHIPPATTU RAILWAY STATION ROAD

Athippattu Railway Station Road guideline value

The current guideline value of Athippattu Railway Station Road is Rs 550 per sq.ft, effective from 1 July 2024. This road is located in Minjur village under the Ponneri Sub Registrar Office (SRO), classified as Residential Class II Type - I.

How the guideline value of Athippattu Railway Station Road has changed

Over the years, the guideline value for Athippattu Railway Station Road has seen significant changes. The 2017 revision set the value at Rs 335 per sq.ft, which increased to Rs 500 per sq.ft in 2023, marking a 49% increase. The latest revision in 2024 raised the value further to Rs 550 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for this street for the years 2002, 2003, 2007, and 2012.

Guideline values in Minjur

In Minjur, there are 179 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,320 per sq.ft. The median guideline value for these streets is Rs 550 per sq.ft, which is equal to the current value of Athippattu Railway Station Road.

• Babalisam Manai Layout: Rs 550 per sq.ft (2024)
• Babu Nagar: Rs 1,320 per sq.ft (2024)
• Bajanai Kovil Street: Rs 1,320 per sq.ft (2024)
• Aravind Nagar: Rs 440 per sq.ft (2024)
• Bakthavatchalam Salai: Rs 1,320 per sq.ft (2024)
• Anvitha Reddy Avenue: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Athippattu Railway Station Road

For a 1,000 sq.ft plot at the current guideline value of Rs 5,50,000, the stamp duty at 7% would amount to Rs 38,500, while the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. 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 Athippattu Railway Station Road?

The Athippattu Railway Station Road is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial component in the registration process when buying or selling property in Minjur. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures transparency and fairness in property transactions, protecting both buyers and sellers.

Frequently asked questions

What is the current guideline value of Athippattu Railway Station Road?

The current guideline value of Athippattu Railway Station Road is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, and then to Rs 550 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the stamp duty for properties on Athippattu Railway Station Road?

The stamp duty for properties on Athippattu Railway Station Road is 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500.

Which office handles registrations for Athippattu Railway Station Road?

The Ponneri Sub Registrar Office handles registrations for Athippattu Railway Station Road, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that properties are registered at a fair value, providing transparency in the buying and selling process.