Guideline Value for Athipattu Road

Athipattu Road guideline value

The current guideline value of Athipattu Road is Rs 3,600 per sq.ft, effective from 1 July 2024. This road is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Athipattu Road has changed

The guideline value for Athipattu Road has undergone several revisions over the years. In 2012, the value was set at Rs 3,300 per sq.ft, which was then revised to Rs 2,211 per sq.ft in 2017. This marked a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 3,300 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 3,600 per sq.ft, which is a 9% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Ambattur

Athipattu Road's guideline value of Rs 3,600 per sq.ft aligns with the median value of Rs 3,600 per sq.ft for the 448 streets in Ambattur under the Ambattur SRO, which range from Rs 1,400 to Rs 8,209 per sq.ft.

• Athipattu Kalaivanar Nagr (TNSCB): Rs 3,400 per sq.ft (2024)
• Athaiaman Street: Rs 1,600 per sq.ft (2024)
• Asian garden: Rs 3,600 per sq.ft (2024)
• Ayappakkam Road: Rs 2,800 per sq.ft (2024)
• Ayyappan Street (Ramapuram): Rs 3,600 per sq.ft (2024)
• Bajanai Koil 1st & 2nd Street (kalyanapuram): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Athipattu Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the total guideline value would be Rs 36,00,000. The stamp duty at 7% would amount to Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, resulting in a total of Rs 3,24,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Athipattu Road?

The Sub Registrar Office that covers Athipattu Road 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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ambattur. It is used to calculate the stamp duty and registration fees that are required during the transaction.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate taxes associated with property transactions.

Frequently asked questions

What is the current guideline value of Athipattu Road?

The current guideline value of Athipattu Road is Rs 3,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,300 per sq.ft in 2023 to Rs 3,600 per sq.ft in 2024, reflecting a 9% increase. It was Rs 2,211 per sq.ft in 2017 and Rs 3,300 per sq.ft in 2012.

What are the stamp duty and registration fees for properties on Athipattu Road?

For a property valued at Rs 36,00,000, the stamp duty would be Rs 2,52,000, and the registration fee would be Rs 72,000, totaling Rs 3,24,000.

Which office handles registrations for Athipattu Road?

The Ambattur Sub Registrar Office is responsible for handling registrations for Athipattu Road, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.

What is the land classification for Athipattu Road?

Athipattu Road is classified as Residential Class I Type - I, indicating its suitability for residential development.