Guideline Value for Athechoodi Street

Athechoodi Street guideline value

The current guideline value of Athechoodi Street is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class II Type - I.

How the guideline value of Athechoodi Street has changed

The guideline value for Athechoodi Street has undergone several revisions over the years. In 2003, the guideline value was Rs 120 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2007. The value saw a substantial rise of 350% to reach Rs 1,800 per sq.ft in 2012. However, it decreased by 33% to Rs 1,206 per sq.ft in 2017. The 2023 revision set the value at Rs 1,800 per sq.ft, which increased to Rs 1,900 per sq.ft in the 2024 revision, marking a 6% rise.

Overall, from 2003 to 2024, the guideline value has increased by 1483%. It is important to note that the register has no figure for Athechoodi Street for the year 2002.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with the 2024 guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,400 per sq.ft, indicating that Athechoodi Street's 2024 figure is below this median.

• Aswini Nagar: Rs 1,100 per sq.ft (2024)
• Athi Sankarar Street (Sri Nagar Colony): Rs 2,700 per sq.ft (2024)
• Asian Nagar (Old Vijaya Nagar)(Asini nagar): Rs 2,400 per sq.ft (2024)
• Ayyappan Street (Devi Nagar): Rs 2,400 per sq.ft (2024)
• Asath Street (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Aruna Nagar: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Athechoodi Street

For a 1,000 sq.ft plot at the current rate of Rs 1,900 per sq.ft, the guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, totaling Rs 1,71,000. 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 details.

Which Sub Registrar Office covers Athechoodi Street?

The Sub Registrar Office that covers Athechoodi 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 Thirumullaivoyal

The guideline value is an essential factor during the registration process of property transactions in Thirumullaivoyal. It serves as a reference point for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the financial implications of their transactions. This value is crucial for maintaining transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Athechoodi Street?

The current guideline value of Athechoodi Street is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 120 per sq.ft in 2003 to Rs 1,900 per sq.ft in 2024, reflecting an overall increase of 1483% over the years.

What is the land classification for Athechoodi Street?

Athechoodi Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Athechoodi Street?

The Sub Registrar Office for Athechoodi Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone.

What are the stamp duty and registration fees for properties in Athechoodi Street?

For a property valued at Rs 19,00,000, the stamp duty would be Rs 1,33,000, and the registration fee would be Rs 38,000, totaling Rs 1,71,000.