Guideline Value for Athi Sankarar Street (Sri Nagar Colony)

Athi Sankarar Street (Sri Nagar Colony) guideline value

The current guideline value of Athi Sankarar Street (Sri Nagar Colony) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO, and is classified as Residential Special Type - II.

How the guideline value of Athi Sankarar Street (Sri Nagar Colony) has changed

The guideline value for Athi Sankarar Street has undergone several revisions over the years. The earliest recorded revision was in 2012, setting the value at Rs 2,500 per sq.ft. This figure decreased to Rs 1,675 per sq.ft during the 2017 revision. However, the most recent revision in 2024 saw a significant increase to Rs 2,700 per sq.ft, marking a 61% rise from the 2017 figure. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 8%.

It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2023 for this street. The changes reflect the fluctuations in the guideline value across the available revisions.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are a total of 975 streets under the Ambattur SRO, with 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, placing the guideline value of Athi Sankarar Street above this median.

• Athechoodi Street: Rs 1,900 per sq.ft (2024)
• Aswini Nagar: Rs 1,100 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 Athi Sankarar Street (Sri Nagar Colony)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total fees together to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Athi Sankarar Street (Sri Nagar Colony)?

The Sub Registrar Office that covers Athi Sankarar Street (Sri Nagar Colony) 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 details.

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

The guideline value is a critical factor in the registration process for property transactions in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When buying or selling property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable fees. This ensures that all transactions are fairly assessed based on the established values in the area.

Frequently asked questions

What is the current guideline value of Athi Sankarar Street (Sri Nagar Colony)?

The current guideline value of Athi Sankarar Street (Sri Nagar Colony) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, and then increased to Rs 2,700 per sq.ft in 2024. There are no figures for the years 2002, 2003, 2007, and 2023.

What is the land classification for Athi Sankarar Street?

Athi Sankarar Street is classified as Residential Special Type - II, indicating its designation for residential purposes.

What are the stamp duty and registration fees for property transactions?

For a property valued at the guideline rate of Rs 2,700 per sq.ft, the stamp duty would be 7% and the registration fee would be 2% of the guideline value or sale price, whichever is higher. An example for a 1,000 sq.ft plot totals Rs 2,43,000 in fees.

Which office handles registrations for Athi Sankarar Street?

The Ambattur Sub Registrar Office handles registrations for Athi Sankarar Street (Sri Nagar Colony), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.