Guideline Value for Athithanar Street

Athithanar Street guideline value

The current guideline value of Athithanar Street in Padiyanallur village is Rs 770 per sq.ft, effective from 1 July 2024. This street falls under the Redhills SRO and is classified as Residential Class I Type - I.

How the guideline value of Athithanar Street has changed

The guideline value for Athithanar Street has seen several revisions over the years. In 2003, the guideline value was Rs 171 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2007, marking a rise of 134%. The value then continued to grow to Rs 700 per sq.ft in 2012, reflecting a 75% increase. However, it dropped to Rs 469 per sq.ft in 2017, a decrease of 33%. The next revision in 2023 set the value at Rs 700 per sq.ft, and the most recent revision in 2024 has increased it to Rs 770 per sq.ft, a rise of 10%.

The overall change from 2003 to 2024 shows a remarkable increase of 350% in the guideline value for Athithanar Street.

Guideline values in Padiyanallur

Padiyanallur village has a range of guideline values across its 132 streets under the Redhills SRO, with figures from Rs 385 to Rs 2,750 per sq.ft. The median value is Rs 770 per sq.ft, which is also the 2024 guideline value for Athithanar Street.

• Avvaiyar Street: Rs 770 per sq.ft (2024)
• Ashoka Street: Rs 770 per sq.ft (2024)
• Ashokar Street (Bhavani Nagar): Rs 770 per sq.ft (2024)
• Ashokar Cross Street (Bhavani Nagar): Rs 770 per sq.ft (2024)
• Bajanai Koil Street: Rs 660 per sq.ft (2024)
• Arignar Anna Street: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Athithanar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total cost for these fees to Rs 69,300. 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 Athithanar Street?

The Sub Registrar Office that covers Athithanar Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Padiyanallur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring compliance with legal requirements.

When buying or selling property, the guideline value is used to calculate applicable fees, such as stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Athithanar Street?

The current guideline value of Athithanar Street is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 171 per sq.ft in 2003 to Rs 770 per sq.ft in 2024, reflecting an overall increase of 350% over these years.

What is the registration office for Athithanar Street?

The registration office for Athithanar Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

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

For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900 and the registration fee would be Rs 15,400, totaling Rs 69,300 in fees.

How is the guideline value determined for properties in Padiyanallur?

The guideline value is determined based on various factors, including the classification of the land and the recent revisions made by the Registration Department, ensuring that it reflects the current market conditions.