Guideline Value for Athukkal street

Athukkal street guideline value

The current guideline value of Athukkal street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Thirumazhisai village under the Poonamallee SRO, and it falls under the Residential Special Type - I land classification.

How the guideline value of Athukkal street has changed

The guideline value for Athukkal street has seen significant changes over the years. In 2002, the guideline value was Rs 104 per sq.ft. This increased to Rs 125 per sq.ft in 2003, marking a 20% rise. The value then saw a further increase of 60% to reach Rs 200 per sq.ft in 2007. The 2012 revision brought the value to Rs 1,000 per sq.ft, reflecting a remarkable 400% increase from the previous figure. However, in 2017, the value dropped to Rs 670 per sq.ft, a decrease of 33%.

In the following years, the guideline value continued to rise. The 2023 revision set the value at Rs 1,000 per sq.ft, and the most recent revision in 2024 raised it to Rs 1,100 per sq.ft, a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 958%.

Guideline values in Thirumazhisai

In Thirumazhisai, there are 86 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 730 to Rs 3,500 per sq.ft, with a median value of Rs 1,320 per sq.ft. Athukkal street's 2024 guideline value of Rs 1,100 per sq.ft is below this median.

• A.S.R In Papa City: Rs 1,320 per sq.ft (2024)
• A.S.R City: Rs 1,320 per sq.ft (2024)
• Arivolinagar: Rs 1,100 per sq.ft (2024)
• Balajinagar 100/1,100/2A: Rs 1,100 per sq.ft (2024)
• Balaji nagar (140,143,144/1,98,100): Rs 1,100 per sq.ft (2024)
• Anbu nagar 106,109,110,111,126,137: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Athukkal street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000, bringing the total cost for these fees to Rs 99,000. 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 Athukkal street?

The Sub Registrar Office that covers Athukkal street is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Thirumazhisai. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated. This ensures that the transaction is recorded at a value that reflects the official rates set by the government.

When registering a property, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This process helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value for Athukkal street?

The current guideline value for Athukkal street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 104 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 958% over this period.

What are the other streets in Thirumazhisai with similar guideline values?

Other streets in Thirumazhisai with similar guideline values include Arivolinagar, Balajinagar, and Anbu nagar, all of which have a guideline value of Rs 1,100 per sq.ft in 2024.

Where is the Poonamallee Sub Registrar Office located?

The Poonamallee Sub Registrar Office is located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056.

How is stamp duty calculated for properties in Athukkal street?

Stamp duty for properties in Athukkal street is calculated at 7% of the guideline value, while the registration fee is 2%. These fees are based on the higher of the guideline value or the sale price.