Guideline Value for Athiyaman Street

Athiyaman Street guideline value

The current guideline value of Athiyaman Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Thiruvallur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Athiyaman Street has changed

The guideline value for Athiyaman Street has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2012, marking a 150% rise. However, it then decreased to Rs 335 per sq.ft in 2017, reflecting a decline of 33%. The value further increased to Rs 500 per sq.ft in 2023 and finally reached Rs 550 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 175%.

Guideline values in Thiruvallur

In Thiruvallur, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, placing Athiyaman Street's 2024 figure below that median.

• Avaishanmugam Street: Rs 1,100 per sq.ft (2024)
• Assori Street: Rs 2,200 per sq.ft (2024)
• Arun Excello Apartment: Rs 1,100 per sq.ft (2024)
• Aroram Nagar: Rs 1,100 per sq.ft (2024)
• Aringar anna Street: Rs 550 per sq.ft (2024)
• Aringar anna Cross Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Athiyaman Street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, while the registration fee at 2% would be Rs 11,000, bringing the total cost for these fees to Rs 49,500. 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 Athiyaman Street?

The Sub Registrar Office that covers Athiyaman Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Thiruvallur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately in the official register. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Athiyaman Street?

The current guideline value of Athiyaman Street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, showing an overall increase of 175% over the years.

What is the median guideline value in Thiruvallur?

The median guideline value in Thiruvallur is Rs 1,100 per sq.ft, with Athiyaman Street's current value being below this median.

What are the stamp duty and registration fees for properties on Athiyaman Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 5,50,000, resulting in a stamp duty of Rs 38,500 and a registration fee of Rs 11,000, totaling Rs 49,500.

Which office handles the registration for Athiyaman Street?

The Tiruvallur Joint 1 Sub Registrar Office handles the registration for Athiyaman Street, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.