Guideline Value for Athiaman Nagar 3rd Street

Athiaman Nagar 3rd Street guideline value

The current guideline value of Athiaman Nagar 3rd Street is Rs 3,300 per sq.ft. This street is located in Kolathur village and falls under the Sembiam SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Athiaman Nagar 3rd Street has changed

The guideline value for Athiaman Nagar 3rd Street has seen several revisions over the years. In 2007, the guideline value was Rs 1,000 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a 200% rise. However, between 2012 and 2017, the value decreased to Rs 2,010 per sq.ft, a reduction of 33%. The value then rose to Rs 3,000 per sq.ft in 2023, reflecting a 49% increase. The latest revision in 2024 set the guideline value at Rs 3,300 per sq.ft, a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 230%.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO, with guideline values ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median guideline value is Rs 3,300 per sq.ft, which is the same as the current value for Athiaman Nagar 3rd Street.

• Athiaman Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• Athiaman Nagar 1st Street: Rs 3,300 per sq.ft (2024)
• Avwai Nagar: Rs 2,700 per sq.ft (2024)
• Ashok Avenue 7th Street: Rs 3,300 per sq.ft (2024)
• Ashok Avenue 6th Street: Rs 3,300 per sq.ft (2024)
• Ashok Avenue 5th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Athiaman Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. 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 more details.

Which Sub Registrar Office covers Athiaman Nagar 3rd Street?

The Sub Registrar Office that covers Athiaman Nagar 3rd Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kolathur. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to calculate the applicable charges, ensuring that both the buyer and seller are aware of the financial obligations involved. This helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Athiaman Nagar 3rd Street?

The current guideline value of Athiaman Nagar 3rd Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 230% over the years.

What is the registration office for Athiaman Nagar 3rd Street?

The registration office for Athiaman Nagar 3rd Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is the stamp duty calculated for properties in Kolathur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property with a guideline value of Rs 33,00,000, the stamp duty at 7% would amount to Rs 2,31,000.

What is the land classification for Athiaman Nagar 3rd Street?

The land classification for Athiaman Nagar 3rd Street is Residential Class I Type - I, indicating its designation for residential use.