Guideline Value for ATHUKAL STREET GRAMA STREET (OR) VELLALA STREET AMMAN KOIL ST S.NO.98

Athukal Street Grama Street (Or) Vellala Street Amman Koil St S.No.98 guideline value

The current guideline value for Athukal Street Grama Street (Or) Vellala Street Amman Koil St S.No.98 is Rs 878 per sq.ft, effective from 1 July 2024. This street is located in Chembarambakkam village and falls under the Poonamallee SRO. The land classification for this area is Residential Class I Type - V.

How the guideline value of Athukal Street Grama Street (Or) Vellala Street Amman Koil St S.No.98 has changed

The guideline value for Athukal Street Grama Street (Or) Vellala Street Amman Koil St S.No.98 has undergone several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 800 per sq.ft. The most recent revision in 2024 saw an increase of 10%, bringing the current guideline value to Rs 878 per sq.ft.

This change from 2023 to 2024 reflects a notable adjustment in the guideline value. The current figure of Rs 878 per sq.ft is now established as the guideline value for this street, marking a significant update in the records.

Guideline values in Chembarambakkam

In Chembarambakkam, there are a total of 64 streets under the Poonamallee SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, indicating that Athukal Street Grama Street (Or) Vellala Street Amman Koil St S.No.98's 2024 figure is below this median.

• Athukkal Street: Rs 878 per sq.ft (2024)
• Anna Nagar: Rs 1,540 per sq.ft (2024)
• Chandra Avenue: Rs 1,095 per sq.ft (2024)
• Chennai Bangalore National Highway: Rs 2,750 per sq.ft (2024)
• Ekavalli Nagar: Rs 878 per sq.ft (2024)
• Eternity: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Athukal Street Grama Street (Or) Vellala Street Amman Koil St S.No.98

For a 1,000 sq.ft plot at the current guideline value of Rs 878 per sq.ft, the total guideline value would be Rs 8,78,000. The stamp duty at 7% would amount to Rs 61,460, while the registration fee at 2% would be Rs 17,560. Together, the total cost for stamp duty and registration fee would be Rs 79,020. 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 Athukal Street Grama Street (Or) Vellala Street Amman Koil St S.No.98?

The Sub Registrar Office that covers Athukal Street Grama Street (Or) Vellala Street Amman Koil St S.No.98 is the Poonamallee Sub Registrar Office. The address is No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Chembarambakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for the transaction price. If the sale price is lower than the guideline value, the stamp duty and registration fees will be calculated based on the guideline value instead.

Frequently asked questions

What is the current guideline value for Athukal Street Grama Street?

The current guideline value for Athukal Street Grama Street (Or) Vellala Street Amman Koil St S.No.98 is Rs 878 per sq.ft, effective from 1 July 2024.

How has the guideline value changed recently?

The guideline value increased from Rs 800 per sq.ft in 2023 to Rs 878 per sq.ft in 2024, reflecting a 10% increase.

What is the median guideline value in Chembarambakkam?

The median guideline value for the 64 streets in Chembarambakkam is Rs 1,100 per sq.ft, which means that Athukal Street's guideline value is below this median.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 79,020, based on the guideline value of Rs 8,78,000.

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

The Sub Registrar Office for Athukal Street Grama Street (Or) Vellala Street Amman Koil St S.No.98 is located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find more details by visiting the provided link.