Guideline Value for Athiyaman Street

Athiyaman Street guideline value

The current guideline value of Athiyaman Street is Rs 950 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village and falls under the Selaiyur SRO, classified as Residential Class IV Type - II.

How the guideline value of Athiyaman Street has changed

The guideline value of Athiyaman Street has undergone several revisions over the years. The register shows that in 2012, the value was Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in 2017. Following this, the value increased significantly to Rs 900 per sq.ft in 2023, and most recently, it has risen to Rs 950 per sq.ft in 2024, marking a 6% increase from the previous year. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2024, the overall change in the guideline value is a modest increase of 6%. The most substantial rise occurred between 2017 and 2023, where the value increased by 49%. In contrast, the period from 2012 to 2017 saw a decrease of 33% in the guideline value.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO with a 2024 guideline value range from Rs 850 to Rs 6,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, which indicates that Athiyaman Street's 2024 figure is below this median.

• Asiriyar Street: Rs 1,900 per sq.ft (2024)
• Avvai 1st Street: Rs 2,900 per sq.ft (2024)
• Avvai 2nd Street: Rs 2,900 per sq.ft (2024)
• Avvai 3rd Street: Rs 2,900 per sq.ft (2024)
• Avvai 4th Street: Rs 2,900 per sq.ft (2024)
• Avvai Nagar: Rs 2,900 per sq.ft (2024)

Stamp duty and registration fee for property in Athiyaman Street

For a 1,000 sq.ft plot at the current rate of Rs 950 per sq.ft, the guideline value amounts to Rs 9,50,000. The stamp duty at 7% would be Rs 66,500, and the registration fee at 2% would be Rs 19,000, bringing the total to Rs 85,500. It is important 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 Athiyaman Street?

The Sub Registrar Office that covers Athiyaman Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Selaiyur

The guideline value is a crucial factor in the registration process of property transactions in Selaiyur. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that all property sales are registered at a fair value as determined by the government.

When buying or selling property, the guideline value helps to establish the minimum price at which the property can be registered. This ensures transparency and helps to prevent undervaluation of properties in the real estate market.

Frequently asked questions

What is the current guideline value of Athiyaman Street?

The current guideline value of Athiyaman Street is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and currently stands at Rs 950 per sq.ft in 2024.

What is the median guideline value for streets in Selaiyur?

The median guideline value for streets in Selaiyur is Rs 2,200 per sq.ft, which is higher than the current value of Athiyaman Street.

What are the stamp duty and registration fees for property in Athiyaman Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 85,500.

Where is the Sub Registrar Office for Athiyaman Street located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.