Guideline Value for ATHIRSTAM NAGAR

Athirstam Nagar guideline value

The current guideline value of Athirstam Nagar is Rs 175 per sq.ft, effective from 1 July 2024. This area is located in Sithandi village and falls under the Chengleput Joint II SRO. The land classification for this locality is Residential Special Type - III.

How the guideline value of Athirstam Nagar has changed

Over the years, the guideline value of Athirstam Nagar has seen several revisions. The earliest recorded figure is from 2012, when the guideline value was Rs 175 per sq.ft. In 2017, the value decreased to Rs 117 per sq.ft, marking a 33% reduction. However, by 2023, the value increased by 50% to Rs 175 per sq.ft. The 2024 revision maintains this value at Rs 175 per sq.ft, showing no change from the previous year.

It is important to note that the register does not contain figures for the years 2002, 2003, and 2007 for this street. Therefore, the only revisions available are from 2012, 2017, 2023, and 2024.

Guideline values in Sithandi

Athirstam Nagar shares its guideline value with other streets in Sithandi. The current guideline value for other streets in Sithandi is as follows:

• A.M.Nagar: Rs 175 per sq.ft (2024)

Stamp duty and registration fee for property in Athirstam Nagar

For a 1,000 sq.ft plot at the current rate of Rs 175 per sq.ft, the guideline value amounts to Rs 1,75,000. The stamp duty at 7% would be Rs 12,250, and the registration fee at 2% would be Rs 3,500, bringing the total to Rs 15,750. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Athirstam Nagar?

The Sub Registrar Office that covers Athirstam Nagar 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 details.

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

The guideline value plays a crucial role during the registration of property transactions in Sithandi. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the buyer must pay the applicable stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Athirstam Nagar?

The current guideline value of Athirstam Nagar is Rs 175 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 175 in 2012 to Rs 117 in 2017, then back to Rs 175 in 2023 and 2024. Overall, there has been no change from 2012 to 2024.

What is the land classification of Athirstam Nagar?

Athirstam Nagar is classified as Residential Special Type - III, indicating its intended use for residential purposes.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 1,75,000, the stamp duty would be Rs 12,250 and the registration fee would be Rs 3,500, totaling Rs 15,750.

Where is the Sub Registrar Office located for Athirstam Nagar?

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