Guideline Value for Aathimulam Street

Aathimulam Street guideline value

The current guideline value of Aathimulam Street in Mannurpet village, under the Konnur SRO, is Rs 1,300 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Aathimulam Street has changed

Over the years, the guideline value of Aathimulam Street has seen several revisions. The earliest recorded figure is from 2002, which was Rs 247 per sq.ft. This increased to Rs 272 per sq.ft in 2003, marking a 10% rise. The value continued to grow, reaching Rs 500 per sq.ft in 2007, an increase of 84%. In 2012, the guideline value was Rs 1,200 per sq.ft, reflecting a significant jump of 140% from the previous revision. However, it decreased by 33% to Rs 804 per sq.ft in 2017. The value rose again to Rs 1,200 per sq.ft in 2023, and as of 2024, it stands at Rs 1,300 per sq.ft, representing an 8% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 426%. There are no figures available for the revisions between these years that are not listed.

Guideline values in Mannurpet

Mannurpet village has a range of guideline values across its 38 streets under the Konnur SRO, with values ranging from Rs 1,100 to Rs 6,600 per sq.ft. The median value is Rs 1,300 per sq.ft, which is equal to the current guideline value of Aathimulam Street.

• Ambathur Industrial Estate: Rs 6,600 per sq.ft (2024)
• Amman Koil Street: Rs 1,700 per sq.ft (2024)
• Anantha Naidu Street: Rs 1,700 per sq.ft (2024)
• Bajanai Koil Street: Rs 1,700 per sq.ft (2024)
• Coramandal Town: Rs 5,500 per sq.ft (2024)
• Elango Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Aathimulam Street

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, charged at 7%, would be Rs 91,000, while the registration fee at 2% would be Rs 26,000. Therefore, the total cost for these charges would be Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Aathimulam Street?

The Sub Registrar Office covering Aathimulam Street is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. For more information, you can find your SRO.

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

The guideline value is an essential factor when registering property transactions in Mannurpet. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Aathimulam Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 247 per sq.ft in 2002 to Rs 1,300 per sq.ft in 2024, showing an overall increase of 426% across the years.

What is the land classification for Aathimulam Street?

Aathimulam Street is classified under Residential Class II Type - I land classification.

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.

How is stamp duty calculated for properties in Aathimulam Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 13,00,000 would incur a stamp duty of Rs 91,000.