Guideline Value for ATLANTIS

Atlantis guideline value

The current guideline value for Atlantis in 5. Athipattu village is Rs 5,339 per sq.ft, effective from 1 July 2024. This property falls under the Konnur SRO and is classified as Residential Special Type - IV.

How the guideline value of Atlantis has changed

The guideline value register has no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023 for the street Atlantis. The most recent figure is from the 2024 revision, which is Rs 5,339 per sq.ft.

Since there are no previous figures for this street, there have been no changes recorded between the revisions above. The current value reflects the latest update as of July 2024.

Guideline values in 5. Athipattu

In 5. Athipattu, there are 119 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 7,650 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Atlantis is significantly above this median.

• Athipattu Main Road: Rs 2,200 per sq.ft (2024)
• Athiamaan Street(Chelliamman nagar): Rs 2,200 per sq.ft (2024)
• Avvaiyar Street: Rs 2,200 per sq.ft (2024)
• Ayanampakkam Road: Rs 2,200 per sq.ft (2024)
• Baba Nagar: Rs 4,400 per sq.ft (2024)
• Arul Migu Sri Magalakshmi Nager: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Atlantis

For a 1,000 sq.ft plot at the current guideline value of Rs 5,339 per sq.ft, the total guideline value amounts to Rs 53,39,000. The stamp duty at 7% would be Rs 3,73,730, and the registration fee at 2% would be Rs 1,06,780, totaling Rs 4,80,510. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Atlantis?

The Atlantis property falls under the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value is a critical factor during the registration process when buying or selling property. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation set by the authorities.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures transparency and compliance with legal requirements in property transactions.

Frequently asked questions

What is the current guideline value for Atlantis?

The current guideline value for Atlantis in 5. Athipattu village is Rs 5,339 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value register has no figures for Atlantis for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent figure is from the 2024 revision, which is Rs 5,339 per sq.ft.

What is the land classification for Atlantis?

Atlantis is classified as Residential Special Type - IV under the Konnur SRO. This classification affects the guideline value and the regulations governing property transactions in the area.

What are the stamp duty and registration fees for property in Atlantis?

For a property valued at Rs 53,39,000, the stamp duty would be Rs 3,73,730 and the registration fee would be Rs 1,06,780, totaling Rs 4,80,510. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Konnur Sub Registrar Office located?

The Konnur Sub Registrar Office is located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. This office handles the registration of properties in the Atlantis area.