Guideline Value

Corporate

Guideline Value for Atkinson Road 1st street

₹11500/sq.ft.

The guideline value for Atkinson Road 1st Street in Vepery village (Periamet SRO, Chennai zone) is Rs 11500 per sq.ft, effective 1 July 2024. It was Rs 10500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vepery

Village

Periamet

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹11500 /sq.ft.
From 1-4-2023 ₹10500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹7035 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹10500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1800 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

1103, Poonamallee High Road, Chennai-600 003.
044-25612486
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Atkinson Road 1st Street

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Atkinson Road 1st street guideline value

The current guideline value for Atkinson Road 1st street is Rs 11,500 per sq.ft, effective from 1 July 2024. This street is located in Vepery village, under the Periamet SRO, and is classified as Residential Class I Type - II.

How the guideline value of Atkinson Road 1st street has changed

The guideline value for Atkinson Road 1st street has seen several revisions over the years. In 2007, the value was Rs 1,800 per sq.ft, which increased significantly to Rs 10,500 per sq.ft in 2012, marking a rise of 483%. However, from 2012 to 2017, the value decreased to Rs 7,035 per sq.ft, a drop of 33%. The value then rose again to Rs 10,500 per sq.ft in 2023, representing a 49% increase. The most recent revision in 2024 set the value at Rs 11,500 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 539%.

Guideline values in Vepery

In Vepery village, there are 290 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 22,000 per sq.ft, with a median value of Rs 4,800 per sq.ft. The guideline value for Atkinson Road 1st street is above this median.

Stamp duty and registration fee for property in Atkinson Road 1st street

For a 1,000 sq.ft plot at the current guideline value of Rs 11,500 per sq.ft, the total guideline value would be Rs 1,15,00,000. The stamp duty at 7% would be Rs 8,05,000, and the registration fee at 2% would be Rs 2,30,000, bringing the total fees to Rs 10,35,000. It is important to note that the 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 Atkinson Road 1st street?

The Sub Registrar Office that covers Atkinson Road 1st street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vepery. It serves as a benchmark for determining the stamp duty and registration fees applicable on the transaction.

During the registration of a property, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Atkinson Road 1st street?

The current guideline value for Atkinson Road 1st street is Rs 11,500 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 1,800 per sq.ft in 2007 to Rs 11,500 per sq.ft in 2024, which is an overall increase of 539%.

What are the other streets in Vepery with the same guideline value?

Other streets in Vepery with the same guideline value of Rs 11,500 per sq.ft include Atkinson Road 3rd Street, Atinosn Road 2nd Street, Atkinson Road 4th Street, Atkinson Road 5th Street, and Atkinson Road 6th Street.

What is the stamp duty rate for property in Atkinson Road 1st street?

The stamp duty rate for property in Atkinson Road 1st street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Atkinson Road 1st street located?

The Sub Registrar Office for Atkinson Road 1st street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.