Guideline Value

Corporate

Guideline Value for Atkinson Road

₹11500/sq.ft.

The guideline value for Atkinson Road 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 ₹10500 /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

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Atkinson Road guideline value

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

How the guideline value of Atkinson Road has changed

Over the years, the guideline value of Atkinson Road has seen several revisions. The 2007 revision set the guideline value at Rs 10,500 per sq.ft, which remained unchanged until the 2012 revision. In 2012, the value was also Rs 10,500 per sq.ft, but it dropped to Rs 7,035 per sq.ft in the 2017 revision, marking a decrease of 33%. The 2023 revision then increased the value to Rs 10,500 per sq.ft, and in the latest 2024 revision, it rose again to Rs 11,500 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for Atkinson Road. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Vepery

In Vepery, there are 290 streets under the Periamet SRO that have 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. Atkinson Road's 2024 guideline value of Rs 11,500 per sq.ft is significantly above this median.

Stamp duty and registration fee for property in Atkinson Road

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 costs together to Rs 10,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Atkinson Road?

The Sub Registrar Office that covers Atkinson Road is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration process of property transactions in Vepery. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum value at which the property can be registered. Buyers should be aware that the stamp duty is calculated based on either the guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Atkinson Road?

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

How has the guideline value changed over the years?

The guideline value of Atkinson Road has changed from Rs 10,500 per sq.ft in 2007 to Rs 11,500 per sq.ft in 2024, with various fluctuations in between, including a drop to Rs 7,035 per sq.ft in 2017.

What is the land classification for Atkinson Road?

Atkinson Road is classified as Residential Class I Type - II, indicating its suitability for residential development.

Where is the Sub Registrar Office for Atkinson Road located?

The Sub Registrar Office covering Atkinson Road is located at 1103, Poonamallee High Road, Chennai-600 003.

How is stamp duty calculated for property in Atkinson Road?

Stamp duty for property in Atkinson Road is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,15,00,000, the stamp duty would be Rs 8,05,000 at a rate of 7%.