Guideline Value for ATHREYAPURAM MAIN ROAD

Athreyapuram Main Road guideline value

The current guideline value of Athreyapuram Main Road in Puliyur village is Rs 6,300 per sq.ft, effective from 1 July 2024. This area falls under the Kodambakkam SRO and is classified as Residential Special Type - III.

How the guideline value of Athreyapuram Main Road has changed

Over the years, the guideline value of Athreyapuram Main Road has seen significant changes. In 2003, the guideline value was Rs 1,051 per sq.ft, which increased to Rs 3,310 per sq.ft in 2007, marking a substantial rise of 215%. The value remained unchanged at Rs 5,800 per sq.ft from 2012 until the 2023 revision, which also saw no change. The most recent revision in 2024 brought the value to Rs 6,300 per sq.ft, reflecting a 9% increase from the previous year.

The revisions for the years 2012 and 2017 do not have figures for this street in the register. The guideline value has increased overall by 499% from 2003 to 2024.

Guideline values in Puliyur

In Puliyur, 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 for these streets is Rs 5,800 per sq.ft, and Athreyapuram Main Road's 2024 figure is above this median.

• Athreyapuram 2nd Street: Rs 5,800 per sq.ft (2024)
• Athreyapuram 1st Street: Rs 5,800 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 Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 6,300 per sq.ft, the total guideline value would be Rs 63,00,000. The stamp duty at 7% would amount to Rs 4,41,000, and the registration fee at 2% would be Rs 1,26,000, bringing the total to Rs 5,67,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Athreyapuram Main Road?

The Sub Registrar Office that covers Athreyapuram Main Road 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 information.

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

The guideline value plays a crucial role in property transactions in Puliyur. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This ensures that the transaction is recorded at a value that reflects the current market conditions.

When selling property, the guideline value helps in establishing a baseline for negotiations. It is essential for both buyers and sellers to be aware of the guideline value to ensure a transparent and fair transaction process.

Frequently asked questions

What is the current guideline value of Athreyapuram Main Road?

The current guideline value of Athreyapuram Main Road is Rs 6,300 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 6,300 per sq.ft in 2024, marking an overall increase of 499% over this period.

What are the registration fees for property transactions?

For a property valued at Rs 63,00,000, the stamp duty would be Rs 4,41,000, and the registration fee would be Rs 1,26,000, totaling Rs 5,67,000.

Which office handles property registrations for Athreyapuram Main Road?

The Kodambakkam Sub Registrar Office handles property registrations for Athreyapuram Main Road, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the significance of the guideline value in property transactions?

The guideline value is crucial as it determines the stamp duty and registration fees during property transactions, ensuring that these costs reflect current market conditions.