Guideline Value for Athikulam Bazzar Street

Athikulam Bazzar Street guideline value

The current guideline value of Athikulam Bazzar Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Arani village under the Arani_Tiruvallur SRO, classified as Residential Class IV Type - I.

How the guideline value of Athikulam Bazzar Street has changed

Over the years, the guideline value of Athikulam Bazzar Street has seen several revisions. The 2007 revision set the value at Rs 100 per sq.ft, which increased to Rs 200 per sq.ft in the 2012 revision, marking a 100% rise. However, from 2012 to 2017, the value decreased by 33% to Rs 134 per sq.ft. The 2017 revision then saw a significant increase of 49%, bringing the value back to Rs 200 per sq.ft in 2023, where it remained unchanged in the 2024 revision.

The register has no figure for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 100%.

Guideline values in Arani

In Arani, there are 51 streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 600 per sq.ft, with a median value of Rs 300 per sq.ft. Athikulam Bazzar Street's 2024 figure is below this median.

• Athikulam Street: Rs 200 per sq.ft (2024)
• Balaji Nagar: Rs 200 per sq.ft (2024)
• Bazzar Street: Rs 600 per sq.ft (2024)
• Bestha Veethi: Rs 350 per sq.ft (2024)
• Amman Koil Street: Rs 500 per sq.ft (2024)
• Ambedhkar Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Athikulam Bazzar Street

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Athikulam Bazzar Street?

The Sub Registrar Office covering Athikulam Bazzar Street is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during property registration in Arani. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the baseline value of the property. This value is essential for calculating the applicable taxes and fees during the transaction.

Frequently asked questions

What is the current guideline value of Athikulam Bazzar Street?

The current guideline value of Athikulam Bazzar Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 200 per sq.ft since 2023. The value has increased from Rs 100 per sq.ft in 2007 to Rs 200 per sq.ft in 2012, decreased to Rs 134 per sq.ft in 2017, and returned to Rs 200 per sq.ft in the latest revisions.

What is the registration fee for property in Athikulam Bazzar Street?

The registration fee is calculated based on the guideline value. For example, for a property valued at Rs 2,00,000, the registration fee would be Rs 4,000 at 2% of the guideline value.

Where can I find the Sub Registrar Office for Athikulam Bazzar Street?

The Sub Registrar Office for Athikulam Bazzar Street is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum value for property registration and is essential for calculating the stamp duty and registration fees. It helps ensure that the property is registered at a fair value, reflecting the official valuation by the government.