Guideline Value for ATHITHANAR NAGAR

Athithanar Nagar guideline value

The current guideline value of Athithanar Nagar in Iyyappanthangal village is Rs 2,200 per sq.ft, effective from 1 July 2024. This area falls under the Chennai South Joint I SRO and is classified as Residential Class II Type - I.

How the guideline value of Athithanar Nagar has changed

The guideline value for Athithanar Nagar has seen several revisions over the years. In 2012, the value was set at Rs 2,000 per sq.ft, which then decreased to Rs 1,340 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 2,000 per sq.ft, and the most recent revision in 2024 increased it further to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 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, with the median value being Rs 2,200 per sq.ft. Athithanar Nagar's 2024 guideline value is equal to this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling 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.

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

Which Sub Registrar Office covers Athithanar Nagar?

Athithanar Nagar is covered by 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 plays a crucial role in the registration process of property transactions in Iyyappanthangal. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the current guideline value to ensure accurate calculations of the costs involved in property registration. This value is updated periodically and reflects the market conditions in the area.

Frequently asked questions

What is the current guideline value of Athithanar Nagar?

The current guideline value of Athithanar Nagar 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 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What are the other streets in Iyyappanthangal with the same guideline value?

Other streets in Iyyappanthangal with a guideline value of Rs 2,200 per sq.ft in 2024 include Athithanar Nagar 2nd Street, Athithanar Nagar 3rd Street, Athithanar Nagar 4th Street, and Athithanar Nagar Ist Street.

What is the registration fee for property in Athithanar Nagar?

The registration fee for property in Athithanar Nagar is calculated based on the guideline value. For example, for a plot valued at Rs 22,00,000, the registration fee would be Rs 44,000 at a rate of 2%.

Which office handles the registration for Athithanar Nagar?

The registration for Athithanar Nagar is handled by 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.