Guideline Value for ATHIRSTAM

Athirstam guideline value

The current guideline value of Athirstam, located in Parameswaramangalam village under the Cheyyur SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Athirstam has changed

The guideline value register for Athirstam does not contain figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft.

There have been no changes between the revisions listed above. The 2024 figure is the first recorded value for this street in the guideline value register.

Guideline values in Parameswaramangalam

In Parameswaramangalam, five streets under the Cheyyur SRO have a 2024 guideline value ranging from Rs 200 to Rs 1,100 per sq.ft, with a median value of Rs 523 per sq.ft. Athirstam's 2024 guideline value is above this median.

• Harshatha Avenue: Rs 523 per sq.ft (2024)
• Sai Nagar Ecr Road: Rs 540 per sq.ft (2024)
• Zen: Rs 523 per sq.ft (2024)
• வண்ண முகில் குடியிருப்பு: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Athirstam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. Duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Athirstam?

The Cheyyur Sub Registrar Office covers Athirstam. The office is located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more details.

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

When buying or selling property in Parameswaramangalam, the guideline value is used to determine the stamp duty and registration fees payable. It serves as a benchmark for the valuation of the property, ensuring that the transaction is recorded at a fair value as per the government regulations.

The guideline value is crucial for both buyers and sellers as it establishes the minimum value at which the property can be registered. This helps in maintaining transparency and compliance with the legal requirements during property transactions.

Frequently asked questions

What is the current guideline value of Athirstam?

The current guideline value of Athirstam is Rs 1,100 per sq.ft, effective from 1 July 2024.

What revisions have occurred for the guideline value of Athirstam?

The guideline value register does not have figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision in 2024 is the first recorded value for this street.

What is the land classification for Athirstam?

Athirstam is classified as Residential Special Type - II. This classification indicates the intended use of the land for residential purposes.

How is the stamp duty calculated for properties in Athirstam?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,100 per sq.ft would incur a stamp duty of Rs 77,000.

Where is the Sub Registrar Office for Athirstam located?

The Cheyyur Sub Registrar Office, which covers Athirstam, is located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.