Guideline Value for ATS TWIN AVENUE PHASE-II

Ats Twin Avenue Phase-II guideline value

The current guideline value of Ats Twin Avenue Phase-II is Rs 660 per sq.ft, effective from 1 July 2024. This property is located in Sengundram - 1 village under the Chengleput Joint II SRO, classified as Residential Class I Type - III.

How the guideline value of Ats Twin Avenue Phase-II has changed

In the 2023 revision, the guideline value was set at Rs 600 per sq.ft. The latest revision in 2024 has increased this value by 10%, bringing it to Rs 660 per sq.ft. The register has no figures for this street in the revisions from the years 2002, 2003, 2007, 2012, and 2017.

Thus, the only recorded changes for Ats Twin Avenue Phase-II are from the 2023 to 2024 revisions, reflecting a notable increase in the guideline value. The previous figures were not available for the earlier revisions, indicating a consistent update in recent years.

Guideline values in Sengundram - 1

In Sengundram - 1, there are 126 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 3,285 per sq.ft, with a median of Rs 880 per sq.ft. Ats Twin Avenue Phase-II's 2024 figure is below this median.

• Ats Twin Avenue Phase-I: Rs 660 per sq.ft (2024)
• Athiparasakthi Nagart (Chen): Rs 660 per sq.ft (2024)
• Arun Excello Constructions Llp Compact Homes Urmika: Rs 1,100 per sq.ft (2024)
• Bajanai Koil Street (Chen): Rs 660 per sq.ft (2024)
• Annai Mookambigai Nagar (Chen): Rs 880 per sq.ft (2024)
• Anna Builders (Chen): Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Ats Twin Avenue Phase-II

For a 1,000 sq.ft plot at the current rate of Rs 660 per sq.ft, the guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. 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 Ats Twin Avenue Phase-II?

The Ats Twin Avenue Phase-II is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sengundram - 1

The guideline value is a crucial factor during property registration, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations and to calculate the applicable stamp duty and registration fees.

When engaging in a property transaction in Sengundram - 1, it is essential to be aware of the current guideline value, as it directly influences the financial obligations associated with the sale. This value serves as a benchmark for both buyers and sellers throughout the registration process.

Frequently asked questions

What is the current guideline value of Ats Twin Avenue Phase-II?

The current guideline value of Ats Twin Avenue Phase-II is Rs 660 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024, reflecting a 10% rise.

What is the land classification for Ats Twin Avenue Phase-II?

Ats Twin Avenue Phase-II is classified as Residential Class I Type - III, indicating its designation for residential use.

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

For a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees would amount to Rs 59,400, which includes Rs 46,200 for stamp duty and Rs 13,200 for registration fees.

Which office handles the registration for Ats Twin Avenue Phase-II?

The Chengleput Joint II Sub Registrar Office handles the registration for Ats Twin Avenue Phase-II, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.