Guideline Value for ATHIYA VILLA "SRI AMBAL GARDEN"

Athiya Villa "sri Ambal Garden" guideline value

The current guideline value for Athiya Villa "sri Ambal Garden" in Kannampalayam village, under the Kunrathur SRO, is Rs 2,955 per sq.ft, effective from 1 July 2024. The land classification for this property is Residential Special Type - IV.

How the guideline value of Athiya Villa "sri Ambal Garden" has changed

The guideline value for Athiya Villa "sri Ambal Garden" has seen significant changes over the years. Starting from the 2017 revision, the value was Rs 1,800 per sq.ft. This increased to Rs 2,687 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has set the value at Rs 2,955 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, there has been a 64% increase in the guideline value. 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 Kannampalayam

Kannampalayam village has a range of guideline values across its 75 streets under the Kunrathur SRO, with values ranging from Rs 765 to Rs 4,000 per sq.ft. The median value is Rs 1,375 per sq.ft, placing Athiya Villa "sri Ambal Garden" above this median.

• Ashok Nandhavanam Phase III: Rs 1,375 per sq.ft (2024)
• Ashok Nandhavanam Phase II: Rs 1,375 per sq.ft (2024)
• Ashok Nandhavanam: Rs 880 per sq.ft (2024)
• Aravindh Nagar: Rs 1,650 per sq.ft (2024)
• Annai Nagar Phase II: Rs 1,970 per sq.ft (2024)
• Annai Nagar Phase-I: Rs 1,970 per sq.ft (2024)

Stamp duty and registration fee for property in Athiya Villa "sri Ambal Garden"

For a 1,000 sq.ft plot at the current guideline value of Rs 2,955 per sq.ft, the total guideline value would be Rs 29,55,000. The stamp duty at 7% would amount to Rs 2,06,850, and the registration fee at 2% would be Rs 59,100, bringing the total to Rs 2,65,950. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Athiya Villa "sri Ambal Garden"?

The Sub Registrar Office that covers Athiya Villa "sri Ambal Garden" is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Kannampalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for legal ownership transfer. Buyers should be aware of the current guideline value to ensure they are paying the appropriate fees during registration.

Frequently asked questions

What is the current guideline value for Athiya Villa "sri Ambal Garden"?

The current guideline value for Athiya Villa "sri Ambal Garden" is Rs 2,955 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,800 per sq.ft to Rs 2,955 per sq.ft in 2024, marking an overall increase of 64%.

What are the guideline values for other streets in Kannampalayam?

Other streets in Kannampalayam have varying guideline values, with the 2024 figures ranging from Rs 765 to Rs 4,000 per sq.ft. The median value for these streets is Rs 1,375 per sq.ft.

What fees should I expect when purchasing property in Athiya Villa "sri Ambal Garden"?

When purchasing property, you should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value. For example, a 1,000 sq.ft plot would incur a total fee of Rs 2,65,950.

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

The Sub Registrar Office covering Athiya Villa "sri Ambal Garden" is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more information by using the provided link to locate your SRO.