Guideline Value for Athikulam Street

Athikulam Street guideline value

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

How the guideline value of Athikulam Street has changed

Over the years, the guideline value of Athikulam Street has seen several revisions. The 2007 revision set the value at Rs 100 per sq.ft, which increased to Rs 150 per sq.ft in 2012, marking a 50% rise. However, from 2012 to 2017, the value decreased by 33% to Rs 100 per sq.ft again. The 2017 revision then saw a significant increase, doubling the value to Rs 200 per sq.ft in 2023, and this rate has remained unchanged in the 2024 revision.

It is important to note that the register has no figures for Athikulam Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 100%.

Guideline values in Arani

In Arani village, 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 Street's guideline value is below this median.

• Athikulam Bazzar 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 Street

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that 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 Athikulam Street?

The Sub Registrar Office covering Athikulam 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 plays a crucial role in the registration process when buying or selling property in Arani. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction.

When a property is registered, the guideline value is considered to ensure that the correct fees are collected. This value is essential for both buyers and sellers to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Athikulam Street?

The current guideline value of Athikulam 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 changed from Rs 100 per sq.ft in 2007 to Rs 200 per sq.ft in 2023 and 2024, with various revisions in between.

What is the land classification for Athikulam Street?

Athikulam Street falls under the Residential Class IV Type - I land classification.

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

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

Which office handles property registrations for Athikulam Street?

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