Guideline Value for ATHREYAPURAM 2ND STREET

Athreyapuram 2nd Street guideline value

The current guideline value of Athreyapuram 2nd Street is Rs 5,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the jurisdiction of the Kodambakkam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Athreyapuram 2nd Street has changed

The guideline value for Athreyapuram 2nd Street has seen several revisions over the years. The 2003 revision recorded a value of Rs 987 per sq.ft, which increased to Rs 1,650 per sq.ft in 2007. Following that, the value surged to Rs 5,300 per sq.ft in 2012, but then dropped to Rs 3,551 per sq.ft in 2017. The 2023 revision set the value at Rs 5,300 per sq.ft, and the most recent 2024 revision has raised it to Rs 5,800 per sq.ft. Notably, the register has no figure for this street in 2002.

In terms of percentage changes, from 2003 to 2007, the value increased by 67%. However, from 2007 to 2012, it decreased by 33%. The value saw a significant increase of 49% from 2017 to 2023, and from 2023 to 2024, there was a rise of 9%. Overall, the guideline value has increased by 488% from 2003 to 2024.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value is Rs 5,800 per sq.ft, which is also the current guideline value for Athreyapuram 2nd Street.

• Athreyapuram 1st 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 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,800 per sq.ft, the total guideline value would be Rs 58,00,000. The stamp duty at 7% would amount to Rs 4,06,000, while the registration fee at 2% would be Rs 1,16,000. Together, the total cost for these fees would be Rs 5,22,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Athreyapuram 2nd Street?

The Sub Registrar Office that covers Athreyapuram 2nd Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Puliyur. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

It is essential for buyers and sellers to be aware of the guideline value as it influences the overall cost of property transactions. Proper understanding of this value can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Athreyapuram 2nd Street?

The current guideline value of Athreyapuram 2nd 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 several times, starting from Rs 987 per sq.ft in 2003 to Rs 5,800 per sq.ft in 2024. Notable changes include a rise of 67% from 2003 to 2007 and a drop of 33% from 2012 to 2017.

What is the land classification for Athreyapuram 2nd Street?

Athreyapuram 2nd Street is classified as Residential Class I Type - I under the Kodambakkam SRO.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, a 1,000 sq.ft property would incur a total fee of Rs 5,22,000 based on the current guideline value.

Where is the Sub Registrar Office for Athreyapuram 2nd Street located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. This office handles the registration of properties in the area.