Guideline Value for ATHITHANAR NAGAR 3RD STREET

Athithanar Nagar 3rd Street guideline value

The current guideline value of Athithanar Nagar 3rd Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Iyyappanthangal village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Athithanar Nagar 3rd Street has changed

The guideline value for Athithanar Nagar 3rd Street has seen several revisions over the years. In 2007, the guideline value was Rs 300 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, this value dropped to Rs 1,340 per sq.ft in 2017. The 2023 revision set the guideline value at Rs 2,000 per sq.ft, which was then increased to Rs 2,200 per sq.ft in the 2024 revision, marking a 10% rise.

Overall, from 2007 to 2024, the guideline value has increased by 633%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Iyyappanthangal

In Iyyappanthangal, there are 134 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 5,610 per sq.ft. The median value is Rs 2,200 per sq.ft, which is the same as the guideline value for Athithanar Nagar 3rd Street.

• Athithanar Nagar 2nd Street: Rs 2,200 per sq.ft (2024)
• Athithanar Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• Athithanar Nagar: Rs 2,200 per sq.ft (2024)
• Athithanar Nagar Ist Street: Rs 2,200 per sq.ft (2024)
• Ashok Brindhavan Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• Ashok Brindhavan Nagar 2nd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Athithanar Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, leading to a total of Rs 1,98,000. 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 Athithanar Nagar 3rd Street?

The Sub Registrar Office that covers Athithanar Nagar 3rd 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Iyyappanthangal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to ensure that the sale price is in accordance with the government-set values. This helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Athithanar Nagar 3rd Street?

The current guideline value of Athithanar Nagar 3rd Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting a significant increase over the years.

What is the land classification for Athithanar Nagar 3rd Street?

Athithanar Nagar 3rd Street is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Athithanar Nagar 3rd Street is 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 this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 22,00,000, the stamp duty would be calculated accordingly.