Guideline Value for Athavan nagar

Athavan nagar guideline value

The current guideline value of Athavan nagar is Rs 825 per sq.ft, effective from 1 July 2024. This area is located in Udaiyavarkoil village under the Poonamallee SRO and is classified as Residential Class I Type - I.

How the guideline value of Athavan nagar has changed

The guideline value for Athavan nagar has undergone several revisions over the years. In 2003, the guideline value was Rs 92 per sq.ft, which increased to Rs 150 per sq.ft in 2007. Following this, the value saw a significant rise to Rs 750 per sq.ft in 2012, but then dropped to Rs 502 per sq.ft in 2017. The value increased again to Rs 750 per sq.ft in 2023, and most recently to Rs 825 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 797%. Notably, there is no figure available for the year 2002 in the register for this street.

Guideline values in Udaiyavarkoil

In Udaiyavarkoil, there are 35 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 3,400 per sq.ft, with a median value of Rs 550 per sq.ft. Athavan nagar's 2024 guideline value of Rs 825 per sq.ft is above this median.

• Astalakshmi nagar: Rs 550 per sq.ft (2024)
• A.S.P.Avenue: Rs 1,000 per sq.ft (2024)
• Bajanai Koil Street: Rs 550 per sq.ft (2024)
• Arivoli nagar: Rs 550 per sq.ft (2024)
• Annai Nagar: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Athavan nagar

For a 1,000 sq.ft plot at the current rate of Rs 825 per sq.ft, the guideline value amounts to Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, making the total Rs 74,250. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Athavan nagar?

The Sub Registrar Office that covers Athavan nagar is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Udaiyavarkoil. It serves as the basis for calculating the stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as per government regulations.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. Buyers and sellers should be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Athavan nagar?

The current guideline value of Athavan nagar is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 92 per sq.ft in 2003 to Rs 825 per sq.ft in 2024, reflecting an overall increase of 797% over the years.

What are the stamp duty and registration fees for property in Athavan nagar?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 74,250, which includes a stamp duty of Rs 57,750 and a registration fee of Rs 16,500.

Which Sub Registrar Office covers Athavan nagar?

The Poonamallee Sub Registrar Office covers Athavan nagar, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

What is the land classification of Athavan nagar?

Athavan nagar is classified as Residential Class I Type - I, indicating its suitability for residential purposes.