Guideline Value for ATV Nagar

ATV Nagar guideline value

The current guideline value of ATV Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village under the Madhavaram SRO, classified as Residential Class III Type - I.

How the guideline value of ATV Nagar has changed

According to the register, there are no figures available for ATV Nagar for the years 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 1,200 per sq.ft in the 2023 revision, which increased to Rs 1,300 per sq.ft in the 2024 revision, marking an 8% rise.

The 2024 revision reflects the latest changes in the guideline value for ATV Nagar. This increase indicates a shift in the valuation for the area, aligning it with the broader adjustments seen in the Madhavaram SRO.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value in this area is Rs 1,600 per sq.ft, placing ATV Nagar's 2024 figure below that median.

• A.V.M. Avenue: Rs 1,600 per sq.ft (2024)
• A.V.M. Nagar: Rs 1,600 per sq.ft (2024)
• A.V.M. Nagar Extension: Rs 1,600 per sq.ft (2024)
• Avvaiyar St ( Ward No.16): Rs 1,300 per sq.ft (2024)
• Assisi Nagar West Thottam (Ward-06): Rs 1,600 per sq.ft (2024)
• Assisi Nagar to Kumarappapuram Main Rd ( Ward No.6): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in ATV Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. Stamp duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers ATV Nagar?

The Sub Registrar Office that covers ATV Nagar is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, both parties must consider the guideline value, as it affects the overall cost of the transaction. This value is essential for legal documentation and compliance with local regulations during the transfer of property ownership.

Frequently asked questions

What is the current guideline value of ATV Nagar?

The current guideline value of ATV Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for ATV Nagar was Rs 1,200 per sq.ft in 2023, which increased to Rs 1,300 per sq.ft in 2024, representing an 8% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Madhavaram?

The median guideline value in Madhavaram is Rs 1,600 per sq.ft. The guideline value of ATV Nagar is below this median at Rs 1,300 per sq.ft.

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

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000, and the registration fee would be Rs 26,000, totaling Rs 1,17,000. These fees are based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for ATV Nagar located?

The Sub Registrar Office covering ATV Nagar is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the area.