Guideline Value for Atrangarai Main Road

Atrangarai Main Road guideline value

The current guideline value of Atrangarai Main Road is Rs 1,760 per sq.ft, effective from 1 July 2024. This road is located in Thiruverkadu village under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of Atrangarai Main Road has changed

Over the years, the guideline value of Atrangarai Main Road has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which decreased to Rs 1,005 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly by 59% to Rs 1,600 per sq.ft. The latest revision in 2024 has further raised the value to Rs 1,760 per sq.ft, marking a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 17%.

Guideline values in Thiruverkadu

In Thiruverkadu, there are 178 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,430 to Rs 3,520 per sq.ft, with a median value of Rs 1,540 per sq.ft. Atrangarai Main Road's 2024 figure of Rs 1,760 per sq.ft is above this median.

• Ayyappa Thirumadam Road: Rs 1,540 per sq.ft (2024)
• Bajanai Koil Street: Rs 1,540 per sq.ft (2024)
• Balaji Govinda Nagar: Rs 1,540 per sq.ft (2024)
• Balambika Nagar: Rs 1,540 per sq.ft (2024)
• Baniathamman Koil Street Slab Road: Rs 1,540 per sq.ft (2024)
• Barathi Nagar 1st Cross Street: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Atrangarai Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, making the total cost Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Atrangarai Main Road?

The Sub Registrar Office that covers Atrangarai Main Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Thiruverkadu. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the official value set by the government.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Atrangarai Main Road?

The current guideline value of Atrangarai Main Road is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,760 per sq.ft in 2024, with significant increases in 2023 and 2024.

What is the land classification of Atrangarai Main Road?

Atrangarai Main Road is classified as Residential Special Type - I under the current guidelines.

What are the stamp duty and registration fees for a property on this road?

For a 1,000 sq.ft property, the total guideline value is Rs 17,60,000, with stamp duty at Rs 1,23,200 and registration fee at Rs 35,200, totaling Rs 1,58,400.

Which office handles the registration for Atrangarai Main Road?

The Kunrathur Sub Registrar Office handles registrations for Atrangarai Main Road, located at No.59, Road Street, Kundrathur, Chennai -600 069.