Guideline Value for Altis Ville L.L.p

Altis Ville L.L.p guideline value

The current guideline value of Altis Ville L.L.p is Rs 6,000 per sq.ft, effective from 1 July 2024. This property is located in Tondaiarpet village, under the Royapuram SRO, and is classified as Mixed Type - I.

How the guideline value of Altis Ville L.L.p has changed

The guideline value for Altis Ville L.L.p has remained consistent at Rs 6,000 per sq.ft for both the 2023 and 2024 revisions. Prior to this, there are no figures recorded for the years 2017, 2012, 2007, 2003, and 2002, indicating that no changes were documented for this street in those years.

From 2023 to 2024, there was no change in the guideline value, which remained at Rs 6,000 per sq.ft. This stability in the guideline value reflects a consistent valuation for the property in recent times.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO with 2024 guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value is Rs 1,600 per sq.ft, placing the guideline value of Altis Ville L.L.p above this median.

• Amaravathy kuppam: Rs 1,300 per sq.ft (2024)
• Amaravathypuram (North): Rs 1,300 per sq.ft (2024)
• Anandanayagi Nagar 1st Street: Rs 1,300 per sq.ft (2024)
• Anandanayagi Nagar 2nd Street: Rs 1,300 per sq.ft (2024)
• Anandanayagi Nagar 3rd Cross Street: Rs 1,300 per sq.ft (2024)
• Anandanayagi Nagar 3rd Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Altis Ville L.L.p

For a 1,000 sq.ft plot at the current guideline value of Rs 6,000 per sq.ft, the total guideline value amounts to Rs 60,00,000. The stamp duty at 7% would be Rs 4,20,000, and the registration fee at 2% would be Rs 1,20,000, bringing the total fees to Rs 5,40,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Altis Ville L.L.p?

The Sub Registrar Office that covers Altis Ville L.L.p is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Tondaiarpet. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Altis Ville L.L.p?

The current guideline value of Altis Ville L.L.p is Rs 6,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained the same at Rs 6,000 per sq.ft for both the 2023 and 2024 revisions. There are no figures recorded for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What are the stamp duty and registration fees for properties in Altis Ville L.L.p?

For a property valued at Rs 60,00,000, the stamp duty would be Rs 4,20,000 and the registration fee would be Rs 1,20,000, totaling Rs 5,40,000. Duty is charged on the higher of the guideline value or the sale price.

Which office handles registrations for Altis Ville L.L.p?

The Royapuram Sub Registrar Office handles registrations for Altis Ville L.L.p. It is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What is the land classification for Altis Ville L.L.p?

The land classification for Altis Ville L.L.p is Mixed Type - I, which indicates the type of development permissible in the area.