Guideline Value for AtkinsonRoad 6th Street

AtkinsonRoad 6th Street guideline value

The current guideline value of AtkinsonRoad 6th Street is Rs 11,500 per sq.ft, effective from 1 July 2024. This street is located in Vepery village, under the Periamet Sub Registrar Office (SRO), and is classified as Residential Class I Type - II.

How the guideline value of AtkinsonRoad 6th Street has changed

Over the years, the guideline value for AtkinsonRoad 6th Street has experienced significant changes. In the 2007 revision, the guideline value was Rs 1,800 per sq.ft. This increased dramatically to Rs 10,500 per sq.ft in the 2012 revision, marking a rise of 483%. However, in the 2017 revision, the value decreased to Rs 7,035 per sq.ft, reflecting a decline of 33%. The value then rose again to Rs 10,500 per sq.ft in 2023, and finally reached Rs 11,500 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a substantial increase of 49%, bringing the value to Rs 10,500 per sq.ft. Overall, from 2007 to 2024, the guideline value has increased by 539%, highlighting the fluctuations and adjustments made over the years. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

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. AtkinsonRoad 6th Street's 2024 guideline value is above this median.

• Atkinson Road 5thStreet: Rs 11,500 per sq.ft (2024)
• Atkinson Road 4th Street: Rs 11,500 per sq.ft (2024)
• Atkinson Road 3rd Street: Rs 11,500 per sq.ft (2024)
• Atkinson Road 1st 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 AtkinsonRoad 6th 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 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 information.

Which Sub Registrar Office covers AtkinsonRoad 6th Street?

The Sub Registrar Office that covers AtkinsonRoad 6th Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. For more details, you can find your SRO.

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

The guideline value plays a crucial role in property transactions in Vepery. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration. This ensures that the transaction is documented accurately and complies with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it influences the overall costs involved in property transactions. Understanding the guideline value helps in planning the financial aspects of buying or selling a property in Vepery.

Frequently asked questions

What is the current guideline value of AtkinsonRoad 6th Street?

The current guideline value of AtkinsonRoad 6th 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 changed significantly, from Rs 1,800 per sq.ft in 2007 to Rs 11,500 per sq.ft in 2024, marking an overall increase of 539% over the years.

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

Other streets in Vepery that share the same guideline value of Rs 11,500 per sq.ft include Atkinson Road 5th Street, 4th Street, 3rd Street, 1st street, and Atinosn Road 2nd Street.

What are the stamp duty and registration fees for property in AtkinsonRoad 6th Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 1,15,00,000, resulting in a stamp duty of Rs 8,05,000 and a registration fee of Rs 2,30,000, totaling Rs 10,35,000.

Which office handles property registrations for AtkinsonRoad 6th Street?

The Periamet Sub Registrar Office handles property registrations for AtkinsonRoad 6th Street, located at 1103, Poonamallee High Road, Chennai-600 003.