Guideline Value for Athipattu Main Road

Athipattu Main Road guideline value

The current guideline value of Athipattu Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in 5. Athipattu village under the Konnur SRO and is classified as Residential Class I Type - II.

How the guideline value of Athipattu Main Road has changed

The guideline value for Athipattu Main Road has seen significant changes over the years. The 2017 revision set the value at Rs 1,340 per sq.ft. This increased to Rs 2,000 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 2024 revision has further increased the value to Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in 5. Athipattu

In 5. Athipattu village, there are 119 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 7,650 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which is equal to the current guideline value of Athipattu Main Road.

• Athiamaan Street(Chelliamman nagar): Rs 2,200 per sq.ft (2024)
• Atlantis: Rs 5,339 per sq.ft (2024)
• Avvaiyar Street: Rs 2,200 per sq.ft (2024)
• Ayanampakkam Road: Rs 2,200 per sq.ft (2024)
• Baba Nagar: Rs 4,400 per sq.ft (2024)
• Arul Migu Sri Magalakshmi Nager: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Athipattu Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Athipattu Main Road?

The Sub Registrar Office that covers Athipattu Main Road is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more details.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value plays a crucial role in the registration process of property transactions in 5. Athipattu. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the costs associated with property transactions. Ensuring that the correct guideline value is applied helps in avoiding any legal complications during the registration process.

Frequently asked questions

What is the current guideline value of Athipattu Main Road?

The current guideline value of Athipattu Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft in 2024, marking an overall increase of 64%.

What is the land classification for Athipattu Main Road?

Athipattu Main Road is classified as Residential Class I Type - II, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for Athipattu Main Road?

The Konnur Sub Registrar Office covers Athipattu Main Road and is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is the stamp duty calculated for properties in Athipattu Main Road?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 22,00,000 would incur a stamp duty of Rs 1,54,000.