Guideline Value for ATHIYAPPAN STREET

Athiyappan Street guideline value

The current guideline value of Athiyappan Street is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore SRO, and is classified as Residential Class IV Type - III.

How the guideline value of Athiyappan Street has changed

The guideline value for Athiyappan Street has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 1,540 per sq.ft. This figure saw a significant increase to Rs 6,500 per sq.ft in both the 2012 and 2023 revisions. However, the most recent revision in 2024 has raised the value to Rs 7,100 per sq.ft, marking a 9% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 361%. Notably, there are no figures available for Athiyappan Street for the years 2002, 2003, and 2017.

Guideline values in Mylapore

In Mylapore village, there are 883 streets under the Mylapore SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median value for these streets is Rs 8,800 per sq.ft, positioning Athiyappan Street's 2024 figure below that median.

• Avvai Nagar (Srinivasapuram): Rs 4,900 per sq.ft (2024)
• Avvai Nagar West/South/Beach Road: Rs 3,300 per sq.ft (2024)
• Ashoka Road: Rs 7,100 per sq.ft (2024)
• Arunthathi Colony: Rs 3,300 per sq.ft (2024)
• Arundale Street: Rs 8,800 per sq.ft (2024)
• Arunagiri Street: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Athiyappan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, resulting in a total of Rs 6,39,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Athiyappan Street?

The Sub Registrar Office that covers Athiyappan Street is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Mylapore. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable stamp duty. This ensures that both the buyer and the seller are aware of the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Athiyappan Street?

The current guideline value of Athiyappan Street is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,540 per sq.ft in 2007 to Rs 7,100 per sq.ft in 2024, marking an overall increase of 361% over this period.

Are there any years with no guideline value for Athiyappan Street?

Yes, there are no figures available for Athiyappan Street for the years 2002, 2003, and 2017.

What is the stamp duty for properties in Athiyappan Street?

The stamp duty for properties in Athiyappan Street is calculated at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Athiyappan Street located?

The Sub Registrar Office for Athiyappan Street is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.