Guideline Value for Athiththiya Nagar

Athiththiya Nagar guideline value

The current guideline value of Athiththiya Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Padaalam village under the Madurandakam SRO, classified as Residential Class I Type - I.

How the guideline value of Athiththiya Nagar has changed

The guideline value for Athiththiya Nagar has seen several revisions over the years. In 2007, the value was Rs 40 per sq.ft, which increased to Rs 100 per sq.ft in 2012. However, it dropped to Rs 67 per sq.ft in 2017. The most recent revisions in 2023 and 2024 both maintain the guideline value at Rs 100 per sq.ft. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. The significant jump occurred from 2007 to 2012, where it rose by 150%. Overall, from 2007 to 2024, the guideline value increased by 150%.

Guideline values in Padaalam

In Padaalam village, there are four streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 200 per sq.ft. The median is Rs 100 per sq.ft, which is equal to the guideline value of Athiththiya Nagar.

• Engineers Colony: Rs 200 per sq.ft (2024)
• Sri Saraswathi Nagar: Rs 100 per sq.ft (2024)
• Vijai Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Athiththiya Nagar

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value would be Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Athiththiya Nagar?

The Sub Registrar Office that covers Athiththiya Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Padaalam, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, ensuring that the transaction is officially recognized.

It is important for buyers and sellers to be aware of the guideline value, as it affects the overall cost of the transaction. Accurate knowledge of the guideline value can help in making informed decisions during the property registration process.

Frequently asked questions

What is the current guideline value of Athiththiya Nagar?

The current guideline value of Athiththiya Nagar is Rs 100 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 revisions in 2023 and 2024 maintaining it at Rs 100 per sq.ft. The value has increased from Rs 40 per sq.ft in 2007 to Rs 100 per sq.ft in 2012, then decreased to Rs 67 per sq.ft in 2017.

What is the stamp duty rate for properties in Athiththiya Nagar?

The stamp duty rate for properties in Athiththiya Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Madurandakam Sub Registrar Office located?

The Madurandakam Sub Registrar Office is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How can I calculate the registration fees for property in Athiththiya Nagar?

To calculate the registration fees for property in Athiththiya Nagar, you can use the guideline value to determine the stamp duty and registration fees. For detailed calculations, you can refer to the stamp duty and registration fee calculator.