Guideline Value for Aathimulam Avenue

Aathimulam Avenue guideline value

The current guideline value of Aathimulam Avenue is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Mugappair village and falls under the Konnur SRO, classified as Residential Class I Type - I.

How the guideline value of Aathimulam Avenue has changed

The guideline value for Aathimulam Avenue has seen several revisions over the years. In 2002, the value was Rs 272 per sq.ft, which increased to Rs 299 per sq.ft in 2003, marking a 10% rise. The value then experienced a significant increase to Rs 800 per sq.ft in 2007, reflecting a 168% change. Following this, the value surged to Rs 5,000 per sq.ft in 2012, a remarkable 525% increase. However, it decreased to Rs 3,350 per sq.ft in 2017, showing a decline of 33%. The value rose again to Rs 5,000 per sq.ft in 2023, and most recently, it increased to Rs 5,500 per sq.ft in 2024, representing a 10% change.

Overall, from 2002 to 2024, the guideline value has increased by 1922%. The register has no figures for the years not listed above for this street.

Guideline values in Mugappair

Mugappair village has a total of 224 streets under the Konnur SRO, with guideline values ranging from Rs 3,300 to Rs 8,800 per sq.ft as of 2024. The median value for these streets is Rs 7,100 per sq.ft, placing Aathimulam Avenue's 2024 figure below this median.

• Aasallathamman Koil Street: Rs 5,500 per sq.ft (2024)
• Aasaithambi Street (Madhiazhagan Nagar): Rs 3,800 per sq.ft (2024)
• Aagasthiar Street: Rs 3,800 per sq.ft (2024)
• AIBEOA Nagar: Rs 7,100 per sq.ft (2024)
• A.K.R. New Nagar: Rs 3,800 per sq.ft (2024)
• Akshya Colony: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Aathimulam Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, while the registration fee at 2% would be Rs 1,10,000. Together, the total cost would be Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Aathimulam Avenue?

The Sub Registrar Office that covers Aathimulam Avenue is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration process when buying or selling property. It is used to determine the stamp duty and registration fees applicable to the transaction. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value ensures that the transaction is documented at a fair value, providing transparency in property dealings. It is essential for buyers and sellers to understand the guideline value, as it directly affects the overall cost of the property transaction.

Frequently asked questions

What is the current guideline value of Aathimulam Avenue?

The current guideline value of Aathimulam Avenue is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 272 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, reflecting significant increases and a few decreases over the years.

What is the median guideline value for streets in Mugappair?

The median guideline value for streets in Mugappair is Rs 7,100 per sq.ft as of 2024, with Aathimulam Avenue's value being below this median.

What are the stamp duty and registration fees for Aathimulam Avenue?

For a 1,000 sq.ft plot valued at Rs 5,500 per sq.ft, the total guideline value is Rs 55,00,000. The stamp duty would be Rs 3,85,000 and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

Which office handles registrations for Aathimulam Avenue?

The Konnur Sub Registrar Office handles registrations for Aathimulam Avenue, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.