Guideline Value for Atkinson Road4th Street

Atkinson Road4th Street guideline value

The current guideline value of Atkinson Road4th 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 falls under the Residential Class I Type - II land classification.

How the guideline value of Atkinson Road4th Street has changed

The guideline value for Atkinson Road4th Street has seen several revisions over the years. In the 2007 revision, the value was Rs 1,800 per sq.ft, which rose significantly to Rs 10,500 per sq.ft in 2012, marking an increase of 483%. However, it then decreased by 33% to Rs 7,035 per sq.ft in 2017. The value continued to rise, reaching Rs 10,500 per sq.ft in 2023, and then increased by 10% to the current value of Rs 11,500 per sq.ft in 2024.

Notably, 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, there are 290 streets under the Periamet SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 22,000 per sq.ft. The median value for these streets is Rs 4,800 per sq.ft, placing Atkinson Road4th Street above this median.

• Atkinson Road 3rd Street: Rs 11,500 per sq.ft (2024)
• Atkinson Road 5th Street: Rs 11,500 per sq.ft (2024)
• Atkinson Road 1st street: Rs 11,500 per sq.ft (2024)
• Atkinson Road 6th Street: Rs 11,500 per sq.ft (2024)
• Atkinson Road: Rs 11,500 per sq.ft (2024)
• Atinosn Road 2nd Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in Atkinson Road4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 11,500 per sq.ft, the total guideline value amounts to 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 higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Atkinson Road4th Street?

The Sub Registrar Office that covers Atkinson Road4th Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for further assistance.

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

The guideline value is a critical component during the registration of property transactions in Vepery. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps both parties understand the minimum value on which taxes will be calculated. This transparency aids in fair dealings and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Atkinson Road4th Street?

The current guideline value of Atkinson Road4th Street is Rs 11,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, starting from Rs 1,800 per sq.ft in 2007 to Rs 11,500 per sq.ft in 2024, reflecting an overall increase of 539% over the years.

What is the land classification of Atkinson Road4th Street?

Atkinson Road4th Street falls under the Residential Class I Type - II land classification.

Where can I calculate stamp duty and registration fees?

You can calculate the stamp duty and registration fees using the stamp duty and registration fee calculator available online.

Which office handles the registration for Atkinson Road4th Street?

The registration for Atkinson Road4th Street is handled by the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.