Guideline Value for ATHUKKAL STREET

Athukkal Street guideline value

The current guideline value of Athukkal Street in Chembarambakkam village is Rs 878 per sq.ft, effective from 1 July 2024. This street falls under the Poonamallee SRO and is classified as Residential Class I Type - V.

How the guideline value of Athukkal Street has changed

The guideline value for Athukkal Street has seen changes over the years. The register does not provide figures for the revisions in 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the value at Rs 800 per sq.ft, which increased by 10% to Rs 878 per sq.ft in the 2024 revision.

This change reflects the adjustments made in the guideline value register, with the current figure being the highest recorded for this street. The previous figures from 2023 and earlier revisions indicate a steady increase in the guideline value.

Guideline values in Chembarambakkam

In Chembarambakkam, there are 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 value is Rs 1,100 per sq.ft, placing Athukkal Street's 2024 figure below that median.

• Athukal Street Grama Street (Or) Vellala Street Amman Koil St S.No.98: 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 Athukkal Street

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, and the registration fee at 2% would be Rs 17,560, bringing the total to Rs 79,020. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Athukkal Street?

The Sub Registrar Office that covers Athukkal Street is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. 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 crucial factor in the registration process when buying or selling property in Chembarambakkam. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately for legal purposes.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees, which are mandatory for the transfer of ownership. This ensures that both parties in the transaction comply with the legal requirements set by the Registration Department.

Frequently asked questions

What is the current guideline value of Athukkal Street?

The current guideline value of Athukkal Street is Rs 878 per sq.ft, effective from 1 July 2024.

How much 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, marking a 10% increase.

What is the land classification for Athukkal Street?

Athukkal Street is classified as Residential Class I Type - V according to the guideline value register.

Where can I find more information about the registration office?

The Poonamallee Sub Registrar Office covers Athukkal Street and is located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. More details can be found by visiting the official site.

How is stamp duty calculated for properties in Athukkal Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 8,78,000, the stamp duty would be Rs 61,460 at a rate of 7%.