Guideline Value for ATHREYAPURAM 1ST STREET

Athreyapuram 1st Street guideline value

The current guideline value of Athreyapuram 1st Street is Rs 5,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Athreyapuram 1st Street has changed

The guideline value for Athreyapuram 1st Street has undergone several revisions over the years. Starting from the 2003 revision, the value was Rs 1,051 per sq.ft. This increased significantly to Rs 3,310 per sq.ft in 2007, marking a 215% rise. The value then saw a substantial increase to Rs 5,300 per sq.ft in 2012, which was a 60% increase from the previous revision. However, in 2017, the value decreased to Rs 3,551 per sq.ft, reflecting a decline of 33%.

In the subsequent revisions, the guideline value rose to Rs 5,300 per sq.ft in 2023, followed by a further increase to Rs 5,800 per sq.ft in 2024, representing a 9% increase. Overall, from 2003 to 2024, the guideline value has increased by 452%. The register has no figure for this street in 2002.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, which is equal to the current guideline value of Athreyapuram 1st Street.

• Athreyapuram 2nd Street: Rs 5,800 per sq.ft (2024)
• Athreyapuram Main Road: Rs 6,300 per sq.ft (2024)
• Avvai New West Street: Rs 4,400 per sq.ft (2024)
• Avvai West Street: Rs 4,400 per sq.ft (2024)
• Asif Nagar: Rs 3,300 per sq.ft (2024)
• Ayyapan Street: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Athreyapuram 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,800 per sq.ft, the total guideline value amounts to Rs 58,00,000. The stamp duty at 7% would be Rs 4,06,000, and the registration fee at 2% would be Rs 1,16,000, bringing the total fees together to Rs 5,22,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Athreyapuram 1st Street?

The Kodambakkam Sub Registrar Office covers Athreyapuram 1st Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Athreyapuram 1st Street?

The current guideline value of Athreyapuram 1st Street is Rs 5,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,051 per sq.ft in 2003 to Rs 5,800 per sq.ft in 2024, reflecting an overall increase of 452% over this period.

What is the registration office for Athreyapuram 1st Street?

The registration office for Athreyapuram 1st Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What are the stamp duty rates for properties in Athreyapuram 1st Street?

The stamp duty for properties in Athreyapuram 1st Street is charged at 7% of the guideline value or the sale price, whichever is higher.

What is the median guideline value in Puliyur?

The median guideline value in Puliyur is Rs 5,800 per sq.ft, which is the same as the current guideline value for Athreyapuram 1st Street.