Guideline Value for Athaiaman Street

Athaiaman Street guideline value

The current guideline value of Athaiaman Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village under the Ambattur SRO, classified as Residential Class V Type - I.

How the guideline value of Athaiaman Street has changed

The guideline value for Athaiaman Street has undergone several revisions over the years. The earliest available figure is from the 2012 revision, which was Rs 1,500 per sq.ft. This was followed by a decrease to Rs 1,005 per sq.ft in the 2017 revision. The 2023 revision saw an increase to Rs 1,500 per sq.ft, and the latest revision in 2024 raised it further to Rs 1,600 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The overall change from 2012 to 2024 reflects a modest increase of 7%.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value for these streets is Rs 3,600 per sq.ft, placing Athaiaman Street's current value below this median.

• Athipattu Kalaivanar Nagr (TNSCB): Rs 3,400 per sq.ft (2024)
• Athipattu Road: Rs 3,600 per sq.ft (2024)
• Asian garden: Rs 3,600 per sq.ft (2024)
• Ayappakkam Road: Rs 2,800 per sq.ft (2024)
• Ayyappan Street (Ramapuram): Rs 3,600 per sq.ft (2024)
• Arumuga Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Athaiaman Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Athaiaman Street?

The Sub Registrar Office that covers Athaiaman Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Ambattur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark for assessing the transaction value. Buyers and sellers must consider this value to ensure compliance with registration requirements and to avoid any potential legal issues.

Frequently asked questions

What is the current guideline value of Athaiaman Street?

The current guideline value of Athaiaman Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

What is the stamp duty for property in Athaiaman Street?

The stamp duty for property in Athaiaman Street is 7% of the guideline value or sale price, whichever is higher.

What is the registration fee for property transactions?

The registration fee for property transactions in Athaiaman Street is 2% of the guideline value or sale price, whichever is higher.

Which office handles property registrations for Athaiaman Street?

The Ambattur Sub Registrar Office handles property registrations for Athaiaman Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.