Guideline Value for Athiparasakthi Nagar

Athiparasakthi Nagar guideline value

The current guideline value of Athiparasakthi Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Madambakkam village, under the Gooduvancheri SRO, and is classified as Commercial Special Type - I.

How the guideline value of Athiparasakthi Nagar has changed

Over the years, the guideline value for Athiparasakthi Nagar has seen several revisions. The most recent revision in 2024 maintains the guideline value at Rs 1,200 per sq.ft, which is the same as the previous revision in 2023. Prior to that, the value was Rs 1,200 per sq.ft in 2012, and it had decreased from Rs 804 per sq.ft in 2017. The 2007 revision recorded a guideline value of Rs 245 per sq.ft. There are no figures available for the years 2002 and 2003 in the register for this street.

From 2007 to 2012, there was a significant increase of 390%, followed by a decrease of 33% from 2012 to 2017. The guideline value then rose by 49% from 2017 to 2023, and overall, from 2007 to 2024, there has been an increase of 390%.

Guideline values in Madambakkam

In Madambakkam, there are 110 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft, with the median value being Rs 1,200 per sq.ft. Athiparasakthi Nagar's 2024 guideline value aligns with this median.

• A.V.N. Street - A.V.N.Nagar: Rs 1,300 per sq.ft (2024)
• Babu Avenue: Rs 1,300 per sq.ft (2024)
• Baby Nagar: Rs 1,200 per sq.ft (2024)
• Anu Sakthi Avenue: Rs 1,200 per sq.ft (2024)
• Anthony Pillai Nagar Extn-I,II,III,IV,V,VI: Rs 1,200 per sq.ft (2024)
• Anthony Pillai Nagar: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Athiparasakthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Athiparasakthi Nagar?

The Sub Registrar Office that covers Athiparasakthi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Madambakkam, the guideline value is a crucial factor during the registration process. It serves as a benchmark for calculating the stamp duty and registration fees that must be paid to the government.

Both buyers and sellers should be aware that the guideline value can influence the overall transaction costs. It is essential to refer to the latest guideline values to ensure compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Athiparasakthi Nagar?

The current guideline value of Athiparasakthi Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 1,200 per sq.ft. Notably, it increased by 49% from 2017 to 2023 and has an overall increase of 390% from 2007 to 2024.

What is the land classification of Athiparasakthi Nagar?

Athiparasakthi Nagar is classified as Commercial Special Type - I. This classification can affect the type of developments and activities permitted in the area.

Where can I find the Sub Registrar Office for Athiparasakthi Nagar?

The Sub Registrar Office for Athiparasakthi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Athiparasakthi Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 at a rate of 7%.