Guideline Value for Athipattu Kalaivanar Nagr (TNSCB)

Athipattu Kalaivanar Nagr (TNSCB) guideline value

The current guideline value of Athipattu Kalaivanar Nagr (TNSCB) is Rs 3,400 per sq.ft, effective from 1 July 2024. This area falls under Ambattur village and is classified as Residential Class I Type - II.

How the guideline value of Athipattu Kalaivanar Nagr (TNSCB) has changed

Over the years, the guideline value of Athipattu Kalaivanar Nagr (TNSCB) has seen several revisions. The earliest recorded revision was in 2012, where the guideline value was Rs 3,100 per sq.ft. This was followed by a decrease to Rs 2,077 per sq.ft in 2017. The subsequent revision in 2023 raised the value to Rs 3,100 per sq.ft, and the latest revision in 2024 set the value at Rs 3,400 per sq.ft.

From 2012 to 2017, there was a decline of 33%. However, from 2017 to 2023, the guideline value increased by 49%. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value for these streets is Rs 3,600 per sq.ft, which means the guideline value of Athipattu Kalaivanar Nagr (TNSCB) is below this median.

• Athipattu Road: Rs 3,600 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)
• Arumuga Nagar: Rs 2,200 per sq.ft (2024)
• Ayyappan Street (Ramapuram): Rs 3,600 per sq.ft (2024)

Stamp duty and registration fee for property in Athipattu Kalaivanar Nagr (TNSCB)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,400 per sq.ft, the total guideline value would be Rs 34,00,000. The stamp duty at 7% would amount to Rs 2,38,000, and the registration fee at 2% would be Rs 68,000, bringing the total to Rs 3,06,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Athipattu Kalaivanar Nagr (TNSCB)?

The Sub Registrar Office that covers Athipattu Kalaivanar Nagr (TNSCB) 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 property transactions in Ambattur. It serves as a benchmark for determining the amount of stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is assessed to ensure that the transaction is recorded at a fair value. This helps in maintaining transparency in property dealings and ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Athipattu Kalaivanar Nagr (TNSCB)?

The current guideline value of Athipattu Kalaivanar Nagr (TNSCB) is Rs 3,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revision in 2024 setting it at Rs 3,400 per sq.ft. It was Rs 3,100 per sq.ft in 2023, Rs 2,077 per sq.ft in 2017, and Rs 3,100 per sq.ft in 2012.

What is the land classification of Athipattu Kalaivanar Nagr (TNSCB)?

Athipattu Kalaivanar Nagr (TNSCB) is classified as Residential Class I Type - II.

Where is the Sub Registrar Office for Athipattu Kalaivanar Nagr (TNSCB) located?

The Sub Registrar Office for Athipattu Kalaivanar Nagr (TNSCB) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Athipattu Kalaivanar Nagr (TNSCB)?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 34,00,000, the stamp duty would be Rs 2,38,000.